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January 23, 2018
FRDI: Robbing Savings to Pay Corporate Debts
Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 is supposedly the new weapon in the government’s arsenal to ‘solve’ the bad loan crisis. This Bill’s stated objective is to form a Resolution Corporation that would ‘resolve’ a financial institution through means of a merger, amalgamation,...
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December 6, 2017
Monsoon session of the Parliament: An overview
Maju Varghese The Parliament met from July 17 to August 11, 2017. The election of the president and vice-president of India took place during this session. The new vice-president, M Venkaiah Naidu, presided over the Rajya Sabha on the last day. This session also saw the retirement of a few members, ...
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September 3, 2017
The corruption in the power sector is in the tune of over one lakh crore: Paranjoy Guha Thakurta
August 23, 2017, New Delhi: “The corruption in the power sector is in the tune of over one lakh crore,” said senior journalist and author Paranjoy Guha Thakurta. The former editor of EPW and author of Gas Wars alleged that out of this, Rs one lakh crore, the corruption of Rs 50,000 is ‘well-establis...
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February 7, 2020
Government wants to continue the system of crony capitalism, which is root of NPAs: Prashant Bhushan
August 10, 2017, New Delhi: “The government, which is arguing against the right to privacy in Aadhaar, is fighting for the privacy of large corporate defaulters,” said eminent lawyer Prashant Bhushan, who has raised the issue of the non-performing assets (NPAs) through the two PILs at the Supreme Co...
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