Govt moves towards simplifying tax regime; LIC IPO will benefit retail investors: Nirmala Sitharaman
The finance minister said that taxpayers' charter is based on the idea that taxation regime should be on the foundation of trust among citizens.
PMC crisis shows depositors are sitting ducks if their bank goes bust; why shouldn’t savers get cover for full amount?
The deposit insurance guarantee scheme was set up in 1961 to ensure depositors are guaranteed at least some amount in the event of a bank collapse
Government extends olive branch to RBI, but not before it ups ante and flexes its muscles citing a never-used law
The government statement on Wednesday although seemed like an attempt to douse the flames of disagreement between itself and RBI that pretty much happened due to its own doing.
Govt withdraws FRDI Bill in Lok Sabha: Framework for resolution of distressed financial firms fails to go through
the government has decided to withdraw FRDI Bill following apprehensions expressed by public with regard to the 'bail-in' clause to resolve a failing bank and insurance cover on bank deposits, Finance Minister Piyush Goyal told a parliamentary committee.
FRDI Bill: Govt scrapping it is good news for depositors; but India needs stronger laws to handle banks that go broke
The government could have retained the FRDI Bill, tweaking the controversial provisions
The government is likely to withdraw the bill from the Lok Sabha in the current session of Parliament, which ends on 10 August
The All India Bank Employees' Association (AIBEA) on Thursday demanded Reserve Bank of India Governor Urjit Patel quit as the central bank is grossly negligent on several issues, including the cashless ATMs across the country
Cash crunch: Bank unions blame govt, RBI and threaten agitation; planned move could worsen customer woes
Bank employees are facing the wrath of the public for a problem created by the government and the Reserve Bank, the All India Bank Employees Union said
ATMs go dry nationwide: Why the biggest cash hoarders - political parties and RBI - owe answers for crunch
Currency hoarding by political parties for elections, and the RBI’s failure to bridge the gap between the two high denomination notes probably triggered the cash crunch.
Clarification by the Centre regarding the bail-in clause has failed to ease anxiety in the two southern states.
Mamata Banerjee criticises BJP for 'boasting' about new party office, asks where they got funds for it
West Bengal chief minister Mamata Banerjee on Monday slammed the BJP for "boasting" about its new party office in Delhi and said a political party should be humble in its approach.
PNB fraud: Mamata Banerjee says scam was fulled during demonetisation, demands unearthing of 'full truth'
Mamata Banerjee said that $1.8 billion Punjab National Bank fraud was fuelled during demonetisation and demanded unearthing of the "full truth" behind scam
Lok Sabha speaker Sumitra Mahajan calls all party meeting on 28 January ahead of Budget Session of Parliament
Lok Sabha speaker Sumitra Mahajan has called an all party meeting on 28 January, a day before Budget Session commences
FRDI Bill: Allaying depositors' fears, Arun Jaitley says govt open to raising deposit insurance cap from Rs 1 lakh
The bill is pending before the joint committee of both Houses and the government is awaiting the recommendations.
West Bengal Congress on Tuesday took out a rally outside the RBI office to protest against the proposed Financial Resolution and Deposit Insurance (FRDI) Bill, 2017.
FRDI Bill unlikely to be tabled during budget session as joint committee looking into it seeks extension
FRDI Bill proposes to create a framework for overseeing such financial institutions as banks, insurance companies, NBFC and stock exchanges in case of insolvency
FRDI Bill: Deposit holders have always faced a certain level of risk, but that is how banking system works
Only logical way to assess issue of deposits is to see if depositors are going to be worse off with FRDI Bill in picture.
Remove 'bail-in' clause in FRDI Bill as deposits only way of saving money for elderly, pensioners: Assocham
Assocham Secretary General D S Rawat says bail-in concept especially for depositors should be completely done away with
The FRDI Bill proposes to create a framework for overseeing financial institutions such as banks, insurance companies, non-banking financial services (NBFC) companies and stock exchanges in case of insolvency.
Narendra Modi says with FRDI Bill, government was trying to strengthen banking system by policy initiatives on a daily basis