Saturday, 2 July, 2022
TopicPMC Bank

Topic: PMC Bank

Lok Sabha passes Bill giving RBI more power over co-op banks, to avoid PMC Bank-like situation

Remya Nair -
Finance Minister Nirmala Sitharaman said the Bill would protect depositors, but some opposition parties said the legislation would infringe on state powers.

Shiv Sena leader seeks merger of ailing PMC Bank to provide relief to depositors

PTI -
Raising the issue in the Maharashtra Legislative Assembly, Shiv Sena leader Ravindra Waikar claimed 19 depositors of the bank have died ever since the scam came to light in September this year.

PMC bank depositors protest in Mumbai, want restrictions on cash withdrawal lifted

ANI -
The bank had initially capped the deposit withdrawal at Rs 10,000 but later raised it to Rs 40,000.

Dinamani calls out FM & RBI on PMC, Dainik Bhaskar doubts Ayodhya mediation

Renu Agal -
A round up of the Hindi and Tamil newspapers opinion pages to reflect a North-South viewpoint on topical issues.

Arnab, Navika discuss Praful Patel’s ‘Dawood link’, NDTV weighs on Abhijit Banerjee’s remark

Unnati Sharma -
Your daily news capsule.

For India’s Sikh community, collapse of PMC Bank is like a second Partition

Shikha Trivedy -
PMC Bank’s 16 lakh account holders are waiting for a roadmap for the future even as RBI enhances withdrawal limit for depositors to Rs 40,000.

Nirmala’s husband says BJP in ‘denial mode’ about slowdown & Sandipan Deb slams Thunberg

Fiza Jha -
The best of the day’s opinion, chosen and curated by ThePrint’s top editors.

After PMC Bank scam, board of co-op bank in Pune dismissed due to ‘serious irregularities’

PTI -
Nearly 1 lakh depositors haven't been able to withdraw money from Shivajirao Bhosale Co-op Bank, promoted by NCP leader Anil Shivajirao Bhosale.

PMC fiasco shows why it’s time to pull the plug on urban cooperative banks

Renita D’souza -
Rather than waste resources on recovery and sustenance of urban cooperative banks, focus can be on articulating a credit disbursement mechanism.

Xi Jinping’s Chinese connect with Tamil Nadu and PM Modi’s instructions to Rajnath Singh

Fiza Jha -
The best cartoons of the day, chosen by the editors at ThePrint.
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On Camera

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Opinion

Kanhaiya Lal Teli’s body being taken for last rites in Udaipur on 29 June 2022 | Photo: ThePrint | Manisha Mondal

India’s blasphemy beheadings have a new audience—and they’re sitting behind smartphones

Praveen Swami -
Videos on social media have become a key feature of blasphemy killings. Each inspires communal competitors to stage a more macabre act of revenge.
Credit: ThePrint Team

Why the rupee’s ‘record low’ is not necessarily a cause for concern

PM Modi at the MSME Idea Hackathon, 2022. | Praveen Jain | ThePrint

BJP, Modi’s ‘total politics’ stems from insecurity. They still don’t rule the power elite

Economy

The Reserve Bank of India logo | Photo: Suraj Singh Bisht | ThePrint

RBI intervenes with multi-pronged strategy in battle against rupee fall

Subhadip Sircar -
The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency.

Defence

The Autonomous Flying Wing Technology Demonstrator | Photo: DRDO

‘Major milestone’: India conducts maiden flight of unmanned aircraft demonstrator

Snehesh Alex Philip -
DRDO calls flight a significant step towards self-reliance in defence technologies; Defence Minister Rajnath Singh lauds achievement, says ‘it paves way for Aatmanirbhar Bharat in critical military systems’.

National Interest

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

Shekhar Gupta -
What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.

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