FRDI Bill: What the Government isn't Telling You
The Finance Minister claims that the bill aims to provide a resolution to deal with bankruptcies in banks. However, the bill contains the controversial bail in clause that puts the depositors savings at risk.
The Financial Resolution and Deposit Insurance (FRDI) bill was introduced in the Lok Sabha in August 2017. The Finance Minister claims that the bill aims to provide a resolution to deal with bankruptcies in banks, insurance companies, and other financial intermediaries. However, the bill contains the controversial bail in clause that puts the depositors savings at risk.
Get the latest reports & analysis with people's perspective on Protests, movements & deep analytical videos, discussions of the current affairs in your Telegram app. Subscribe to NewsClick's Telegram channel & get Real-Time updates on stories, as they get published on our website.
