Explorer

Saamna attacks Centre over FRDI Bill

Mumbai (Maharashtra) [India], December 9 (ANI): The Shiv Sena on Saturday attacked the Central Government over the Financial Resolution and Deposit Insurance Bill (FRDI).

Shiv Sena in its editorial mouth piece accused the Centre of looting people.

"After the Central Government proposed FRDI bill, it has launched a big scare among people as it purportedly allows failing banks to use depositors money to cut losses," the editorial read.

The Shiv Sena further said, "This bill has given power to a government entity to use depositors' money to save a bank on the verge of bankruptcy. This government entity can declare the bank doesn't owe you any money though you have deposited your hard earned money with it."

The government tabled the FRDI Bill, 2017, in August in the Lok Sabha, which was referred to a Joint Committee of Parliament. It will be discussed in the Winter Session of Parliament. (ANI)


This story has not been edited. It has been published as provided by ANI

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
Kejriwal To Stay Delhi CM From Jail As High Court Finds 'No Legal Bar,' Ball In LG's Court Now
'No Court Has Proved Me Guilty': Arvind Kejriwal Thanks ED Officers, Addresses Court Personally
'No Court Has Proved Me Guilty': Arvind Kejriwal Thanks ED Officers, Addresses Court Personally
Another Setback For Congress As Delhi HC Rejects Plea Against Income Tax Case
Another Setback For Congress As Delhi HC Rejects Plea Against Income Tax Case
ED Raids Relative Of Arvind Kejriwal's Wife In Old FEMA Case
ED Raids Relative Of Arvind Kejriwal's Wife In Old FEMA Case
Advertisement
for smartphones
and tablets

Videos

Bihar Lok Sabha Polls 2024: ABP Exclusive With Papu Yadav, MP No Longer Contesting From PurniaVarun Gandhi Pens Emotional Letter To Pilibhit After Being Denied, Says 'Mai Aapka Hu Aur Rahunga'Delhi Excise Policy Case: With CM Arvind Kejriwal's Arrest, Who Will Run The State | Watch ReportLok Sabha Elections 2024: 'BJP Just Wants To Break The Aam Aadmi Party' says Saurabh Bhardwaj
Embed widget