Parley by The Hindu

At an event last week to mark the payment of over ₹1,300 crore to depositors in troubled cooperative banks, Prime Minister Narendra Modi flaunted his government’s revamped deposit insurance scheme. The scheme, which was upgraded through the Deposit Insurance and Credit Guarantee Corporation (DICGC) Amendment Bill, 2021, guarantees to compensate depositors up to a limit of ₹5 lakh within a period of 90 days from when a bank fails. At the same event, the Reserve Bank of India (RBI) Governor Shaktikanta Das warned depositors to be careful and avoid investing in risky banks just because they offer higher returns.Here we discuss whether we need insurance for bank deposits.Guests: Amol Agrawal is Assistant Professor of Economics at Ahmedabad University; Amiyatosh Purnanandam is Professor of Finance at the University of MichiganHost: Prashanth Perumal J.Read the Parley article here .

The recent killing of 14 civilians in Nagaland’s Mon district by the Indian armed forces has put the spotlight back on the efficacy of the Armed Forces (Special Powers) Act (AFSPA) of 1958. If its raison d’etre was to quell militancy and make way for the peaceful integration of insurgency-hit regions, has it served its purpose?Here we discuss the moral, legal and political questions pertaining to the controversial piece of legislation, and its impact.Guests: Major General (retd.) Gajinder Singh , commanded a Mountain Division in the Northeast; Patricia Mukhim , Editor of The Shillong TimesHost: S. AnandanRead the Parley article here .

If conversations around booster shots to tackle COVID-19 were loud earlier, the emergence of the new variant, Omicron, has ensured that the clamour for booster shots has reached a fever pitch. The Health Minister stressed that India’s priority is to fully vaccinate all adults and not administer booster shots even though adequate vaccines are available. He also said that any decision on booster doses will be based solely on scientific recommendations. At a recent meeting, the National Technical Advisory Group on Immunisation maintained that it was not recommending a booster dose for any section of the population, priority groups included, in the absence of evidence. In a conversation moderated by R. Prasad, Chandrakant Lahariya and Satyajit Rath discuss whether booster doses are required, and when and to whom they should first be given when there is enough evidence recommending their use.Here we discuss whether there is scarce evidence that boosters add value to the main purpose.Guests: Immunologist Dr. Satyajit Rath, formerly with the National Institute of Immunology and Dr. Chandrakant Lahariya, physician epidemiologist and vaccine expert.Host: R. PrasadRead the parley article hereSearch for Parley by The Hindu. Write to us with comments and feedback at socmed4@thehindu.co.in

One of the defining economic trends of the year has been the rise of cryptocurrencies. After the Supreme Court’s decision last year overturning the Reserve Bank of India’s 2018 order banning financial institutions from enabling cryptocurrency transactions, there has been a huge rush of retail investors into cryptocurrencies. Yet, the risk of the government cracking down on private currencies has remained. On Wednesday, the Centre announced that it will introduce a bill in the upcoming winter session of Parliament seeking to ban private cryptocurrencies, albeit with a few exceptions. Many commentators see the rise of cryptocurrencies as a bubble, while enthusiasts of cryptocurrencies see it as unstoppable.Here we discuss the government’s move.Guests: Akshat Shrivastava, a serial entrepreneur and an investor in cryptocurrencies; Parag Waknis, an Associate Professor at Ambedkar UniversityHost: Prashanth Perumal J.You can now find The Hindu’s podcasts on Spotify, Apple Podcasts and Stitcher.Search for Parley by The Hindu. Write to us with comments and feedback at socmed4@thehindu.co.in

The recent ICC Men’s Twenty20 World Cup in the United Arab Emirates once again showed us the glorious uncertainties of cricket. The sport’s twists were evident when title-favourite India got knocked out. Immediately, the knives were sharpened on social media. Worse had happened earlier following India’s loss to Pakistan. Some fans who had celebrated Pakistan’s triumph were arrested and despicable remarks were made about Indian speedster Mohammed Shami’s Muslim identity, which raised the question: can patriotism be conflated with the Indian men’s cricket team? Isn’t sport a medium that cuts across boundaries?Here we discuss these questions.Guest: R. Kaushik, a veteran sports writer, having reported more than 100 Tests and multiple World Cups. He also co-authored V.V.S. Laxman’s biography 281 and Beyond; W.V. Raman, a former Indian cricketer and acclaimed coach, who recently coached the Indian women’s team. He is also the author of The Winning SixerHost: K.C. Vijaya Kumar, Sports Editor, The HinduYou can now find The Hindu’s podcasts on Spotify, Apple Podcasts and Stitcher.Search for Parley by The Hindu. Write to us with comments and feedback at socmed4@thehindu.co.in

On November 8, 2016, Prime Minister Narendra Modi announced that from midnight, ₹500 and ₹1,000 notes would no longer be considered legal tender in India. The government’s stated aim was to curb corruption and the pervasion of black money in the economy, as well as the proliferation of fake currency which was also being used in terror funding. Pronab Sen discusses with Vikas Dhoot the after-effects of the demonetisation gamble and whether the intended outcomes have been achieved.Here we discuss about the economy after the demonetisation:Guest: Pronab Sen, is the country Director for the India Programme of the International Growth Centre and was previously India's chief statistician.Host: Vikas DhootRead the Parley article here.You can now find The Hindu’s podcasts on Spotify, Apple Podcasts and Stitcher.Search for Parley by The Hindu. Write to us with comments and feedback at socmed4@thehindu.co.in

Earlier this month, the Tata Group emerged as the winning bidder for Air India, the debt-laden national carrier. In this year’s Budget, the government unveiled a bold new disinvestment policy that envisages a bare minimum presence of government-owned businesses even in the strategic sectors. The government is also pursuing the sale of its entire stake in public sector firms such as BPCL, Shipping Corporation of India, IDBI Bank, two other public sector banks and one general insurance company this financial year. Given India’s recent disinvestment record, this is an ambitious target.Here we discuss the implications of the sale of Air India on the future of India’s public sector.Guests: Arvind Mehta was Secretary to the Fifteenth Finance Commission and also served in the Department of Disinvestment in two separate stints; Ashok Chawla served as Permanent Secretary to the Government of India in Ministries such as Civil Aviation and Finance and retired recently as Chairperson of the Competition Commission of IndiaHost: Vikas DhootYou can now find The Hindu’s podcasts on Spotify, Apple Podcasts and Stitcher.Search for Parley by The Hindu. Write to us with comments and feedback at socmed4@thehindu.co.in

Last month, the Union government set up the National Asset Reconstruction Company Limited (NARCL) under the Companies Act. It thus delivered on its promise to set up a ‘bad bank’ to clean up the balance sheets of commercial banks. Under the new set up, the NARCL will take over loans worth almost ₹2 lakh crore from the books of commercial banks at a mutually agreed price. The NARCL will pay 15% of the price of these loans upfront in cash to banks and then issue security receipts in lieu of the remaining amount. The NARCL will then try to resolve these bad loans in a time-bound manner with help from the India Debt Resolution Company Limited (IDRCL). In case the IDRCL is unable to sell these bad loans at a satisfactory price to make good on the security receipts, the Centre will step in and fund the gap, but within a budget limit of ₹30,600 crore.Here we discusss the bad bank proposal.Guests: C.P. Chandrasekhar, Professor at the Centre for Economic Studies and Planning, JNU; Ajit Ranade, chief economist at the Aditya Birla GroupHost: Prashanth Perumal J.

Kannur University has decided to retain lessons on the works of V.D. Savarkar and M.S. Golwalkar — Hindutva: Who is a Hindu? by Savarkar and A Bunch of Thoughts by Golwalkar — in the post-graduate course, Governance and Politics, after a controversy erupted over an earlier decision to ban the texts from the syllabus.Here we discuss the larger implications of such bans.The Parley discussion was conducted when the Kannur University’s ban on the texts of Savarkar and Gowalkar was still in force.Guests: Yogendra Yadav member, and former president of Swaraj India; Kuldeep Kumar, a bilingual journalist, and a Hindi poet who writes on politics and cultureHost: Anuradha RamanRead the Parley article here.You can now find The Hindu’s podcasts on Spotify, Apple Podcasts and Stitcher.Search for Parley by The Hindu. Write to us with comments and feedback at socmed4@thehindu.co.in

With the Tamil Nadu government seeking to ‘dispense’ with the requirement for candidates to qualify in the National Eligibility-cum-Entrance Test (NEET) for admission to undergraduate medical courses in the State, the controversy over NEET is alive again. T.N.’s position is rooted in the conclusions of the Justice A.K. Rajan Committee report, which claims that NEET has undermined diverse social representation in MBBS admissions. J. Amalorpavanathan and Sumanth C. Raman discuss whether NEET has adversely affected the disadvantaged groups, in a conversation moderated by Ramya Kannan.