Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.&lt;br /&gt;
&lt;br /&gt;
The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &amp;lsquo;bail-in&amp;rsquo; provision in the proposed Bill.&lt;br /&gt;
&lt;br /&gt;
Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Two clauses&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.&lt;br /&gt;
&lt;br /&gt;
The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &amp;ldquo;It amounts to liabilities&amp;rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
The government repeatedly said that the bail-in provision &amp;ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&amp;rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.&lt;br /&gt;
&lt;br /&gt;
Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &amp;ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
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-The Hindu Business Line

Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors

New Delhi: The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.

The Union Cabinet, which met on Wednesday, decided...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.&lt;br /&gt;&lt;br /&gt;The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &amp;lsquo;bail-in&amp;rsquo; provision in the proposed Bill.&lt;br /&gt;&lt;br /&gt;Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Two clauses&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.&lt;br /&gt;&lt;br /&gt;The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &amp;ldquo;It amounts to liabilities&amp;rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;The government repeatedly said that the bail-in provision &amp;ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&amp;rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.&lt;br /&gt;&lt;br /&gt;Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &amp;ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot; title=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.&lt;br /&gt;
&lt;br /&gt;
The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &amp;lsquo;bail-in&amp;rsquo; provision in the proposed Bill.&lt;br /&gt;
&lt;br /&gt;
Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Two clauses&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.&lt;br /&gt;
&lt;br /&gt;
The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &amp;ldquo;It amounts to liabilities&amp;rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
The government repeatedly said that the bail-in provision &amp;ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&amp;rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.&lt;br /&gt;
&lt;br /&gt;
Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &amp;ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-The Hindu Business Line

Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors

New Delhi: The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.

The Union Cabinet, which met on Wednesday, decided...&#039;
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-The Hindu Business Line

Controversial &lsquo;bail-in&rsquo; clause had unnerved bank depositors

New Delhi: The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.

The Union Cabinet, which met on Wednesday, decided..."/>
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                <strong>After public outcry, Govt drops FRDI Bill</strong></h1>
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                <div align="justify">-The Hindu Business Line<br /><br /><em>Controversial &lsquo;bail-in&rsquo; clause had unnerved bank depositors<br /><br />New Delhi: </em>The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.<br /><br />The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &lsquo;bail-in&rsquo; provision in the proposed Bill.<br /><br />Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.<br /><br /><em>Two clauses<br /></em><br />The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.<br /><br />The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &ldquo;It amounts to liabilities&rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&rdquo;<br /><br />The government repeatedly said that the bail-in provision &ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.<br /><br />Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&rdquo;<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true">click here</a> to read more. <br /></div>               </font>
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</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.&lt;br /&gt;
&lt;br /&gt;
The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &amp;lsquo;bail-in&amp;rsquo; provision in the proposed Bill.&lt;br /&gt;
&lt;br /&gt;
Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Two clauses&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.&lt;br /&gt;
&lt;br /&gt;
The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &amp;ldquo;It amounts to liabilities&amp;rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
The government repeatedly said that the bail-in provision &amp;ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&amp;rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.&lt;br /&gt;
&lt;br /&gt;
Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &amp;ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-The Hindu Business Line

Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors

New Delhi: The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.

The Union Cabinet, which met on Wednesday, decided...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.&lt;br /&gt;&lt;br /&gt;The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &amp;lsquo;bail-in&amp;rsquo; provision in the proposed Bill.&lt;br /&gt;&lt;br /&gt;Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Two clauses&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.&lt;br /&gt;&lt;br /&gt;The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &amp;ldquo;It amounts to liabilities&amp;rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;The government repeatedly said that the bail-in provision &amp;ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&amp;rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.&lt;br /&gt;&lt;br /&gt;Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &amp;ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot; title=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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&lt;br /&gt;
&lt;em&gt;Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.&lt;br /&gt;
&lt;br /&gt;
The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &amp;lsquo;bail-in&amp;rsquo; provision in the proposed Bill.&lt;br /&gt;
&lt;br /&gt;
Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Two clauses&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.&lt;br /&gt;
&lt;br /&gt;
The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &amp;ldquo;It amounts to liabilities&amp;rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
The government repeatedly said that the bail-in provision &amp;ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&amp;rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.&lt;br /&gt;
&lt;br /&gt;
Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &amp;ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors

New Delhi: The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.

The Union Cabinet, which met on Wednesday, decided...&#039;
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-The Hindu Business Line

Controversial &lsquo;bail-in&rsquo; clause had unnerved bank depositors

New Delhi: The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.

The Union Cabinet, which met on Wednesday, decided..."/>
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                <strong>After public outcry, Govt drops FRDI Bill</strong></h1>
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                <div align="justify">-The Hindu Business Line<br /><br /><em>Controversial &lsquo;bail-in&rsquo; clause had unnerved bank depositors<br /><br />New Delhi: </em>The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.<br /><br />The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &lsquo;bail-in&rsquo; provision in the proposed Bill.<br /><br />Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.<br /><br /><em>Two clauses<br /></em><br />The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.<br /><br />The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &ldquo;It amounts to liabilities&rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&rdquo;<br /><br />The government repeatedly said that the bail-in provision &ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.<br /><br />Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&rdquo;<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true">click here</a> to read more. <br /></div>               </font>
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.&lt;br /&gt;
&lt;br /&gt;
The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &amp;lsquo;bail-in&amp;rsquo; provision in the proposed Bill.&lt;br /&gt;
&lt;br /&gt;
Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Two clauses&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.&lt;br /&gt;
&lt;br /&gt;
The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &amp;ldquo;It amounts to liabilities&amp;rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
The government repeatedly said that the bail-in provision &amp;ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&amp;rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.&lt;br /&gt;
&lt;br /&gt;
Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &amp;ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
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-The Hindu Business Line

Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors

New Delhi: The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.

The Union Cabinet, which met on Wednesday, decided...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.&lt;br /&gt;&lt;br /&gt;The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &amp;lsquo;bail-in&amp;rsquo; provision in the proposed Bill.&lt;br /&gt;&lt;br /&gt;Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Two clauses&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.&lt;br /&gt;&lt;br /&gt;The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &amp;ldquo;It amounts to liabilities&amp;rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;The government repeatedly said that the bail-in provision &amp;ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&amp;rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.&lt;br /&gt;&lt;br /&gt;Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &amp;ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot; title=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;,
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-The Hindu Business Line&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors&lt;br /&gt;
&lt;br /&gt;
New Delhi: &lt;/em&gt;The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.&lt;br /&gt;
&lt;br /&gt;
The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &amp;lsquo;bail-in&amp;rsquo; provision in the proposed Bill.&lt;br /&gt;
&lt;br /&gt;
Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.&lt;br /&gt;
&lt;br /&gt;
&lt;em&gt;Two clauses&lt;br /&gt;
&lt;/em&gt;&lt;br /&gt;
The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.&lt;br /&gt;
&lt;br /&gt;
The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &amp;ldquo;It amounts to liabilities&amp;rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
The government repeatedly said that the bail-in provision &amp;ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&amp;rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.&lt;br /&gt;
&lt;br /&gt;
Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &amp;ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&amp;rdquo;&lt;br /&gt;
&lt;br /&gt;
Please &lt;a href=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;
&lt;/div&gt;&#039;,
	&#039;credit_writer&#039; =&gt; &#039;The Hindu Business Line, 18 July, 2018, https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&#039;,
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Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors

New Delhi: The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.

The Union Cabinet, which met on Wednesday, decided...&#039;
$disp = &#039;&lt;div align=&quot;justify&quot;&gt;-The Hindu Business Line&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Controversial &amp;lsquo;bail-in&amp;rsquo; clause had unnerved bank depositors&lt;br /&gt;&lt;br /&gt;New Delhi: &lt;/em&gt;The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.&lt;br /&gt;&lt;br /&gt;The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &amp;lsquo;bail-in&amp;rsquo; provision in the proposed Bill.&lt;br /&gt;&lt;br /&gt;Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.&lt;br /&gt;&lt;br /&gt;&lt;em&gt;Two clauses&lt;br /&gt;&lt;/em&gt;&lt;br /&gt;The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.&lt;br /&gt;&lt;br /&gt;The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &amp;ldquo;It amounts to liabilities&amp;rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;The government repeatedly said that the bail-in provision &amp;ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&amp;rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.&lt;br /&gt;&lt;br /&gt;Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &amp;ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&amp;rdquo;&lt;br /&gt;&lt;br /&gt;Please &lt;a href=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot; title=&quot;https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true&quot;&gt;click here&lt;/a&gt; to read more. &lt;br /&gt;&lt;/div&gt;&#039;
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-The Hindu Business Line

Controversial &lsquo;bail-in&rsquo; clause had unnerved bank depositors

New Delhi: The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.

The Union Cabinet, which met on Wednesday, decided..."/>
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                <strong>After public outcry, Govt drops FRDI Bill</strong></h1>
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                <div align="justify">-The Hindu Business Line<br /><br /><em>Controversial &lsquo;bail-in&rsquo; clause had unnerved bank depositors<br /><br />New Delhi: </em>The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.<br /><br />The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &lsquo;bail-in&rsquo; provision in the proposed Bill.<br /><br />Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.<br /><br /><em>Two clauses<br /></em><br />The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.<br /><br />The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &ldquo;It amounts to liabilities&rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&rdquo;<br /><br />The government repeatedly said that the bail-in provision &ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.<br /><br />Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&rdquo;<br /><br />Please <a href="https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true">click here</a> to read more. <br /></div>               </font>
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-The Hindu Business Line<br />
<br />
<em>Controversial &lsquo;bail-in&rsquo; clause had unnerved bank depositors<br />
<br />
New Delhi: </em>The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.<br />
<br />
The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &lsquo;bail-in&rsquo; provision in the proposed Bill.<br />
<br />
Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.<br />
<br />
<em>Two clauses<br />
</em><br />
The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.<br />
<br />
The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &ldquo;It amounts to liabilities&rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&rdquo;<br />
<br />
The government repeatedly said that the bail-in provision &ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.<br />
<br />
Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&rdquo;<br />
<br />
Please <a href="https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true">click here</a> to read more. <br />
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-The Hindu Business Line

Controversial &lsquo;bail-in&rsquo; clause had unnerved bank depositors

New Delhi: The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.

The Union Cabinet, which met on Wednesday, decided...',
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-The Hindu Business Line<br />
<br />
<em>Controversial &lsquo;bail-in&rsquo; clause had unnerved bank depositors<br />
<br />
New Delhi: </em>The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.<br />
<br />
The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the &lsquo;bail-in&rsquo; provision in the proposed Bill.<br />
<br />
Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it.<br />
<br />
<em>Two clauses<br />
</em><br />
The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits.<br />
<br />
The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, &ldquo;It amounts to liabilities&rsquo; holders bearing a part of the cost of resolution by reduction in their claims.&rdquo;<br />
<br />
The government repeatedly said that the bail-in provision &ldquo;may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,&rdquo; Nevertheless, it angered depositors and invited criticism from opposition parties.<br />
<br />
Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that &ldquo;similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.&rdquo;<br />
<br />
Please <a href="https://www.thehindubusinessline.com/economy/after-public-outcry-govt-drops-frdi-bill/article24454376.ece?homepage=true">click here</a> to read more. <br />
</div>',
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-The Hindu Business Line

Controversial &lsquo;bail-in&rsquo; clause had unnerved bank depositors

New Delhi: The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy.

The Union Cabinet, which met on Wednesday, decided...'
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After public outcry, Govt drops FRDI Bill

-The Hindu Business Line Controversial ‘bail-in’ clause had unnerved bank depositors New Delhi: The government has decided to drop the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, thus allowing bank customers to breath easy. The Union Cabinet, which met on Wednesday, decided to drop this Bill, a senior Cabinet Minister told BusinessLine. This means the present system of insurance deposits will continue and customers will not have to worry about the ‘bail-in’ provision in the proposed Bill. Since introduction and any change thereafter in the Bill would have required Cabinet approval, dropping the Bill also required it. Two clauses The Bill was introduced in the Lok Sabha on August 10, 2017, and then sent to the Joint Committee of the Parliament, which is yet to submit its report. There were two controversial clauses in the Bill: a bail-in provision and an insurance on deposits. The bail-in provision stipulated that if a bank fails, depositors will have to bear part of the liability. Technically speaking, this provision says, “It amounts to liabilities’ holders bearing a part of the cost of resolution by reduction in their claims.” The government repeatedly said that the bail-in provision “may not be required to be used in case of any specific resolution. Most certainly, it will not be used in case of a public sector bank as such a contingency is not likely to arise,” Nevertheless, it angered depositors and invited criticism from opposition parties. Currently, deposits are insured up to ?1 lakh. The Bill proposed to delete the legal provision for the present insurance system and defined this protection in a new way. Here, too, the government made it clear that “similar protection would continue under the FRDI Bill and the Resolution Corporation is empowered to increase the deposit insurance amount.” Please click here to read more.