World Affairs
Y emen
The International Committee
of Red Cross (ICRC) announced
that the number of cholera cases
in Yemen had reached one million.
The disease claimed the lives of
2200 people since April 2017, a
third of them are children.
The UN’s Food and Agricultural
Organisation said that fully one
quarter of Yemeni population are
suffering from non-availability of
food and another 36 per cent from
food shortage.
Save the Children, a NGO,
said that 50,000 children would die
J The government claims that
it ensured the interests of small
depositors by providing for deposit
insurance. The DICGC Act
stipulated that the deposit
premium should be Rs.1500 and
the maximum insurance amount
payable is Rs. 1 lakh. This limit
was set a quarter of a century
back. If it were to be adjusted with
inflation it should have risen to
Rs.5 lakh. The DICGC Act is going
to be repelled once FRDI Bill gets
the accent of the Parliament. The
Section-29 of FRDI Bill merely
states that the RC will specify the
total amount payable with respect
to any one depositor “in consultation
with appropriate regulator”. This
omission of specific maximum
amount means that the depositor’s
money would be at the whims of
bureaucratic decision.
The Bridge
The FRDI bill provides for
powers to RC to constitute a
bridge company ‘wholly’ owned by
RC to oversee the transfer of
February - 2018
R a v a g ed b
y W
ar
by
War
before the end of 2017, while UN
has reported that one Yemeni child
is dying every ten minutes.
The humanitarian crisis in
Yemen is the result of more than
1000-day war that ravaged the
poorest country in Middle East.
Saudi Arabia launched this war in
March 2014 with the aim of bringing
back to the power its puppet
Rabbu Mansour Hadi, who was
ousted from presidency and fled
to Saudi Arabia.
The US arms industry supplied
the Saudi Arabia with missiles, cluster bombs and other munitions
that have been used to reduce
Yemeni schools, hospitals, houses,
factories and residential colonies
into rubble. The air, sea and land
blockade imposed by Saudi Arabia
and US deprived Yemen fuel and
other goods to run the system
survived from bombing. According
to ICRC, 60