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Merger of state-run banks cannot restore trust on banking

Written by Meghalaya Times. Posted in Editorial

Thomas Lim
The Bharatiya Janata Party-led National Democratic Alliance (NDA) government made another move which might change the banking system in India, on September 17, 2018, Finance Minister Arun Jaitley proposed the merger of three state-run banks - Dena Bank, Vijaya Bank and the Bank of Baroda - into an amalgamated entity and has directed their respective boards to consider the proposal, this is the second such exercise in the last 18 months.
In the previous such mega merger, five associate banks and the Bharatiya Mahila Bank became part of the state-run State Bank of India on April 1, 2017, making the country’s largest lender among the world’s top 50 banks.

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Once again AICC hierarchy system turns detrimental to party leadership in Meghalaya

Written by Meghalaya Times. Posted in Editorial

Thomas Lim
The shocking resignation of Dr Donwa Dethwelson Lapang from the membership of Indian National Congress, on September 14, 2018, after being associated with the party for over four decades as an eminent member has stunned the entire All India Congress Committee (AICC). With reluctance and a heavy heart, Dr Lapang discontinued his dedication towards the Congress Party but it will not stop him from continuing to serve the country and the state as he has always done.
As he refused to withdraw his resignation and even refused to picked the call of AICC President, Rahul Gandhi, various National and State parties have opened their doors to welcome him, however, it all depend on which party Dr Lapang would like to be associated with.

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Government bans more FDC drugs but no replacement for over a year

Written by Meghalaya Times. Posted in Editorial

Thomas Lim
The Health Minister has banned the manufacture, sale and distribution of 328 Fixed Dose Combinations (FDC) of drugs with immediate effect and restricted another six on September 13, 2018. This brings to an end a protracted legal battle between manufacturers of these combination drugs and the ministry after its first attempt on March 10, 2016 to get these irrational and unsafe drugs banned.
It may be stated that the medico-practitioners and the pharmacies are going through a tough time due to the non availability of replaced drugs even as the GST on medicine is hitting the consumers hard. While the public was assured that in view of the high cost of medication, affecting most of the middle class citizens, there was an attempt to ease the spending of such consumers who mostly depend on trial and effect dosages and are entirely depend on self prescription of medicines which are FDC. This means that they are made by mixing two or more drugs. On March 10, 2016 the Central Drugs Standard Control Organisation (CDSCO)—an Indian drug regulator—banned 344 of such drugs in the country.

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Rijiju also stresses on flawless intelligence sharing for better policing in Northeast

Written by Meghalaya Times. Posted in Editorial

Thomas Lim
The 25th Conference of DGPs, IGPs and heads of the Central Police Organisations (CPO) of the North-eastern region, a two-day conference got underway in Arunachal Pradesh capital town Itanagar on September 13, 2018. This year, the West Bengal Police Department is also taking part in the convention. Like any other years, Union Minister of State for Home Affairs Kiren Rijiju also urged the security forces in North-eastern states to have a seamless coordination and intelligence sharing to ensure security of the region.
Like various heads and authorities, Rijiju also shares the view that it is utmost importance of coordination, cooperation and flawless intelligence sharing are crucial aspects for security among North-eastern states, the Union Minister also said though there are eight political units in northeast, they can work as one as far as security is concerned.

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Upcoming Durga Puja will be trial time for NDA government

Written by Meghalaya Times. Posted in Editorial

Thomas Lim
As the nation celebrates Ganesh Chaturthi, also marking the beginning of the festivities of the Hindu calendar, despites various natural calamities and high cost of petrol and diesel, and the fall of Indian Rupees, which means the traders this year, are not expecting to do bulk festival business. The upcoming Durga Puja and Deepawali festivals are the most awaited of annually, but the sale is yet to pick up for this season.
According to the Durga Puja dates in year 2018 for Kolkata, West Benga, Goddess Durga will arrival on Boat and Departure on Elephant, justifying the flood everywhere.

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