#frdi

FRDI: FinMin working on FRDI bill, says Sitharaman

MUMBAI: The finance ministry is working on the contentious Financial Resolution and Deposit Insurance (FRDI) Bill but not sure when it will be tabled in the house, Union minister Nirmala Sitharaman said.

The comments assume importance given the massive five-fold hike in deposit insurance and the recent changes in the insolvency laws that included insolvency solutions for financial institutions.

The Curse of Long Life

Once the safest for your money — but not anymore.

A MEMBER OF PARLIAMENT may attend Parliament for only the minimum required, a few days a year, sit in the lobby entering the House only for a few minutes, just sign wherever he or she is asked to by the party leader, vote as directed by the party Whip without thinking or debate, not speak in his/her whole tenure or not even ask a question except…

Year After Its Introduction, Centre Withdraws Financial Resolution and Deposit Insurance (FRDI) Bill From Lok Sabha

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Finance Minister Piyush Goyal had informed the committee about reasons to withdraw FRDI bill.

New Delhi: 

Nearly a year after introducing it in the Lok Sabha, the government today withdrew the Financial Resolution and Deposit Insurance or FRDI Bill following widespread concerns over certain provisions in the proposed legislation.

There have been concerns over the proposed ‘bail-in’ clause…

FRDI Bill withdrawn on public concerns, says FM Piyush Goyal

The Financial Resolution and Deposit Insurance Bill (FRDI Bill) was introduced in the Lok Sabha on August 10 last year, and thereafter, it was referred to a joint committee of Parliament for scrutiny. (Reuters)

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…

Government to withdraw FRDI bill; writes to Parliamentary panel

Trinamool Congress leader Saugata Ray said in the Lok Sabha that Finance Minister Piyush Goyal has written to the Chairman of the Joint Parliamentary Committee, saying the government has decided to withdraw the Financial Resolution and Deposit Insurance (FRDI) Bill. (Reuters)

The government has decided to withdraw the controversial FRDI bill and has informed about it to the Chairman of the…