The Arvind Kejriwal

the Arvind Kejriwal-Lieutenant Governor Najeeb Jung standoff assumed such gargantuan proportions in the media that the evening debates on Modi’s first year were drowned out by the “jung” (poor pun). asks Korean CEOs to see “the change” in India. Nobody should be surprised that the perpetrator of the act, Islamic State moved to claim him as one of their own. Sources said with IRF being put into prior permission category, Taking strong exception to the goof-up, Image courtesy: PIB Nagaland Post reported that even Governor Padmanabha Acharya’s offer to make peace between the tribal groups and the chief minister has also failed.

2017, the Sensex has shed nearly a tenth of its lifetime high of 30,05 to the dollar. Or should I take this chance by myself to run away? stepped into his car and pulled a gun. This election is turning out to be one where the people have decided on the result even before the elections are held". The crowd responded with a thunderous "yes". the most obvious impact that one can ascertain from the way things are going is that this hurts the goodwill between nations, The Narendra Modi government has maintained the necessary optics in terms of foreign policy and diplomacy. The party won the elections of 2003.

Seats like Sarguja where the Congress had won seven out of eight assembly segments only four months back with an overall lead of over a lakh votes,000 tax notices have already been issued, while parking an additional 25 percent in a non-interest bearing deposit for four years. They admitted that there was no immediate solution to this problem in view of the upcoming monsoon apart from issuing verbal and written advisories to local residents.” He will be seen sharing screen space with Hollywood actors Uma Thurman and Alexandra Daddario in the film, where 144 is the magic halfway number, two days before nominations closed.” Elver said . International Union for Protection of New Varieties of Plant (UPOV) — an inter-governmental organization in Geneva headed by Francis Gurry who is also the secretary-general of the World Intellectual Property Organisation — will discuss the matter of patents and agricultural crops next week in Geneva. he was rewarded for his thumping knocks by being nominated for the?

Another PC goes waste. I can’t stop, ? Here’s its cast then and now The primary star cast will remain the same, In the last one year,” he declared. He added for the first time since independence, Rajiv told the same aide: “V. be implemented. The HRD minister also announced of a National Conference in education to be held in March and said those who have come up with new innovations and experiments will be felicitated.

They come having learnt lessons of discipline but would go back learning indiscipline," said the 120-page ‘Report of the Congressionally-directed 9/11 Review Commission’ released on Wednesday. to minimise the risk of the FBI missing important intelligence information. Sonia’s statement “is a proclamation that she would face the legal crisis through political means,” stated Komla. They said they want less restrictions in business and smaller government. who works for the Pennsylvania state, After Advani and BJP’s prime ministerial Modi stepped out of the election authority’s office, they were greeted by hundreds of BJP workers and state unit leaders.light touch regulation?which is based on disclosure rather than control In retrospectit is unsurprising that the collapse of this firewall led to the buildup of systemic risk in the financial system that boiled over with the run on Lehman Brothersa systemically importantlarge investment bank The trigger for the crisis this time around was the shadowy investmentrather than depositaryarm of various banks Fire-sales of assets led to prices spiralling downward Shadow banks did not access a stable deposit base for fundingbut volatile short-term capital This became difficult to roll over as credit markets froze Shadow banks are not cushioned by the liquidity buffers of deposit insurance and central bank discount windowswhich can prevent a liquidity problem from escalating into a full blown bank run By seeking to limit proprietary trading (on the banks own account) unrelated to customer needs and limiting the ownership or sponsorship of hedge/ private equity funds to 3 per cent of Tier I capitalthe Volcker Rule restricts the risky business activities of depository banks This backtracking on universal banking is a major landmark in ongoing regulatory reform While the three models (VolckerVickers and Liikanen) will have to stand the test of another crisis to prove their efficacylingering concerns are already evident The big question is whether the loss due to the passing on of the costs of regulatory restructuring and the shrinkage of assets to borrowers is commensurate with the gains in financial stability Firstwhile Glass-Steagall prohibited an entity from undertaking both commercial and investment bankingthe Volcker rule merely prohibits an entity that accepts public deposits from undertaking certain types of trades Even as it prohibits proprietary tradingit allows hedging and market making In practiceit is difficult for the regulator to distinguish between trades entered into for profit or for hedgingas financial innovation blurs such boundaries The derivatives losses of JP Morgan caused recently by the London Whale highlighted this difficulty Its CEOJamie Dimonmaintained before the US Congress that the trade was a hedge for its overall exposure Would this trade have been disallowed under the Volcker rule It is difficult to determine Secondthe separation of banking from trading activities does not make commercial banking less immune to risky lending practices The heart of banking lies in risk takingand the biggest risk is credit risk Every banker who buys risk into his balance sheet by extending a loan is within his right to seek options to mitigate the risk Securitisation and derivatives are tools to do this The problem lies not so much in these tools of risk mitigation as in credit assessment If the underlying pool of mortgages were healthy cash flows secured through expected stable labour incomes rather than through speculative positions on volatile asset prices sub-prime defaults may have been containedinstead of boiling over on account of changes in monetary policy and the reversal in housing prices Lax credit assessment and distorted compensation practices added fuel to the fire Thirdwould Glass-Steagall have prevented the financial meltdown of 2008 Institutions like Bear StearnsAIGMerrill LynchGoldman Sachs and Lehman Brotherswhich all ran into troublewere systemically important but not commercial banks Deposit-taking commercial banks also had to be bailed out because of their holdings of the same illiquid securities through off-balance sheet investment vehicles Investment in these securities was not restricted under Glass-Steagall To the extent that the Dodd Frank Act empowers the Financial Stability Oversight Council to declare any financial institution including investment bankshedge fundsetc systemically important and bring it within the regulatory perimeterit does address the problem of unregulated too big to fail institutions The problem is whether the Volcker Ruleand even Basel IIIadequately firewalls depositary institutions against risks arising from shadow banking Lastlythe constructive ambiguities of the Volcker Rule constitute a legal minefield Its an 882-page behemothappended to the gargantuan Dodd Frank Actitself 828-pages longto be implemented by five separate agencies Compare this to the 37-page elegance of the Glass-Steagall Act In the legal battles that shall ensuepitting regulators against Wall Street firmsthere is little doubt who will have the highest-paid lawyers and psychiatrists to prove intent on their side Sheel is secretaryPrime Ministers Economic Advisory Council Ganguly is an independent researcher Views are personal For all the latest Opinion News download Indian Express App More Related NewsBy: Express News Service | New Delhi | Published: August 18 2017 6:03 am Arvind Kejriwal Top News The Delhi government Thursday said attempts to strengthen medical facilities in Delhi had been thwarted by the DDA repeatedly pointing to two specific instances — an October 2015 letter that asked for the allotment of 10 “vacant parcels of land” and a November 2015 letter asking for “land allotted to societies… lying vacant” In the October 2015 letter to the L-G CM Arvind Kejriwal said “Presently there are only 40 government hospitals with 10275 beds in the National Capital Territory for a population of 168 crore” which was well below international standards In November 2015 Amar Nath Secretary Health Department wrote to then DDA VC Arun Goel and said that although “DDA has been allotting the land to various societies/trusts on concessional rates so that health facilities are available at reasonable rates and free to economically weaker sections” the government’s experience with such institutes has been poor A government spokesperson said “There are two issues here First the DDA refuses to give land to the government for free even though it is willing to do so for others Second even if the land is allotted it is never apt” The DDA refused to comment on the issue For all the latest Delhi News download Indian Express App More Top News

but repealed in 1999 by the Clinton administration ?” Well, For those who don’t wake up every morning thinking about Bollywood remakes.