E-PaperFinancial Resolution And Deposit Insurance Bil News
Govt withdraws FRDI bill in Parliament following backlash
The FRDI Bill has been withdrawn over concerns of a bail-in clause that aimed to resolve a failing bank and insurance cover on bank deposits
1 min read7 Aug 2018Bail-in clause in FRDI Bill will only be used sparingly: Finance ministry
The bail-in clause in FRDI Bill is unlikely to be ever used for public sector banks, said the finance ministry, as it sought to assure investors that their deposits in banks are secure
2 min read3 Jan 2018FRDI Bill’s bail-in clause: Two options for the government
Remove the bail-in clause for retail depositors below a certain threshold, but if it does stay in the FRDI Bill, a consent clause should be incorporated as well
6 min read20 Dec 2017Govt unlikely to table FRDI Bill in budget session of parliament
The joint committee on the FRDI Bill has been granted an extension of time up to the last day of Budget Session 2018, speaker Sumitra Mahajan informed the Lok Sabha
1 min read12 Jan 2018Much ado about ‘bail-in’ and FRDI Bill
The strong voices against the FRDI Bill seem to be ill-informed, as protecting the interest of depositors has all along been the topmost priority of RBI
5 min read18 Dec 2017Bank union threatens strike if FRDI Bill not amended
The union says the FRDI Bill 2017 with bail-in clause has created panic among people about safety of their deposits in banks
1 min read12 Dec 2017FRDI Bill is not going to hike the risk to your deposits
The FRDI debate finally comes down on the intent of the government. Remove the political rhetoric from the provisions of the Bill to see that your bank deposits are safe
7 min read14 Dec 2017FRDI Bill is not going to hike the risk to your deposits
The FRDI debate finally comes down on the intent of the government. Remove the political rhetoric from the provisions of the Bill to see that your bank deposits are safe
7 min read13 Dec 2017The government must bail out of the bail-in
The concerns around the FRDI Bill are legitimate and the government's clarifications are deliberately vague
4 min read12 Dec 2017FRDI Bill: Arun Jaitley says public deposits will be protected
The FRDI Bill has been criticized for a bail-in clause which suggests that depositor money could be used by failing banks and financial institutions to stay afloat
1 min read12 Dec 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared