Frdi Bill

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Frdi Bill - Total results - 27
Govt moves towards simplifying tax regime; LIC IPO will benefit retail investors: Nirmala Sitharaman
Business

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?
Business

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
India

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
Business

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.

Govt likely to withdraw controversial FRDI Bill in current Parliament session
Business

Govt likely to withdraw controversial FRDI Bill in current Parliament session

The government is likely to withdraw the bill from the Lok Sabha in the current session of Parliament, which ends on 10 August

ATMs run dry: RBI governor Urjit Patel should quit, demands bank union
Business

ATMs run dry: RBI governor Urjit Patel should quit, demands bank union

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
India

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
Business

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.

Government's FRDI Bill triggers bank run in Andhra Pradesh and Telangana
Business

Government's FRDI Bill triggers bank run in Andhra Pradesh and Telangana

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
Politics

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'
Politics

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
India

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
Business

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 seeks withdrawal of Centre's FRDI Bill, rally outside state's RBI office
Politics

West Bengal Congress seeks withdrawal of Centre's FRDI Bill, rally outside state's RBI office

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
Business

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
Business

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
Business

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

FRDI Bill: Dispelling some myths about bail-in and other issues to allay depositors' concerns
Business

FRDI Bill: Dispelling some myths about bail-in and other issues to allay depositors' concerns

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.

Your money is safe in banks, rumours being spread about deposits, says Narendra Modi on FRDI
Business

Your money is safe in banks, rumours being spread about deposits, says Narendra Modi on FRDI

Narendra Modi says with FRDI Bill, government was trying to strengthen banking system by policy initiatives on a daily basis