-The Hindu Court forms expert panel to hear apprehensions raised by farmers against the laws The Supreme Court on Tuesday suspended the implementation of three controversial farm laws, terming its order the “victory of fair play”. “If there is a victory at all, it is the victory of fair play,” Chief Justice of India (CJI) Sharad A. Bobde corrected senior advocate Harish Salve. The CJI was responding to an apprehension expressed by Mr. Salve...
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A step back in gender equality -Sunny Jose
-The Hindu Paying women for domestic and care work is a recognition of their efforts but may not reduce and redistribute their burden Is the electoral promise of paying women for carrying out domestic work and care work a progressive public policy? The proposal, put forth by Kamal Haasan’s political party, Makkal Needhi Maiam, has generated curiosity and reopened the old but unsettled academic debate. On the face of it, the proposal...
More »Farm leaders ‘disappointed’ with SC directions -Priscilla Jebaraj
-The Hindu They express outrage at the composition of the committee being set up Farm unions are meeting at the Singhu border to discuss the developments in the Supreme Court on Tuesday, and their next steps. Before the Samyukt Kisan Morcha meeting, which was scheduled to begin late in the afternoon, a few leaders expressed their disappointment with the court’s directions, and outrage at the composition of the committee being set up. “See...
More »RBI Warns Gross NPAs of Banks May Escalate to 14.8% in September in Absence of Adequate Capital
-Moneylife.in While highlighting the need for proactive building up of adequate capital for banks to withstand possible asset quality deterioration, the Reserve Bank of India (RBI) has warned that the gross non-performing assets (GNPAs) of scheduled commercial banks (SCBs) may escalate to 14.8% under a severe stress scenario. In its financial stability report (FSR), the central bank says, "Macro stress tests incorporating the first advance estimates of gross domestic product (GDP) for...
More »Bad loans may hit 22-year high by Sept, RBI stress tests show -Shayan Ghosh and Gopika Gopakumar
-Livemint.com The gross bad loan ratio of banks which stood at 7.5% as of 30 September, could almost double to 14.8% under a severe stress scenario, RBI warns Indian banks’ bad loan ratio could rise to 13.5% under the baseline stress scenario by September, the highest in more than 22 years, posing a risk to the broader economy, the Reserve Bank of India (RBI) said. The gross bad loan ratio of banks which...
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