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: 150
 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
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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
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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: 151
 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::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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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
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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 joint committee on the FRDI Bill has been granted an extension of time up to the last day of Budget Session 2018, speaker Sumitra Mahajan informed the Lok Sabha

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                            <div align="justify">-PTI<br /><br /><em>The joint committee on the FRDI Bill has been granted an extension of time up to the last day of Budget Session 2018, speaker Sumitra Mahajan informed the Lok Sabha<br /><br />New Delhi: </em>The Financial Resolution and Deposit Insurance Bill, or FRDI Bill, may not be introduced in Parliament even during the budget session, as the joint committee looking into it got an extension for submitting its report.<br /><br />Lok Sabha speaker Sumitra Mahajan informed the House that extension of time has been granted for the joint panel on the FRDI Bill &ldquo;up to the last day of Budget Session, 2018&rdquo;.<br /><br />It also comes at a time when concerns have been raised in some quarters about certain provisions of the bill, including a so-called &ldquo;bail-in clause&rdquo;, which was introduced in the Lok Sabha in August this year. The joint committee on the FRDI Bill, 2017 have decided to seek extension of time up to the last day of Budget Session, 2018, as the report of the joint committee would not be ready for presentation by December 15.<br /><br />The joint committee&rsquo;s motion regarding extension of time could not be moved on December 15 &ldquo;as the House was adjourned after making obituary references. Hence, I have on behalf of the House granted extension of time&rdquo;, Mahajan said during Zero Hour.<br /><br />The 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. The so-called &ldquo;bail-in&rdquo; clause in the draft legislation has been commented upon by experts as of bringing potential harm to deposits, in the form of savings accounts.<br /><br />Please <a href="http://www.livemint.com/Industry/lbEyHtWa3AvpXlO1hQHDII/Govt-unlikely-to-table-FRDI-Bill-in-budget-session-of-parlia.html" title="http://www.livemint.com/Industry/lbEyHtWa3AvpXlO1hQHDII/Govt-unlikely-to-table-FRDI-Bill-in-budget-session-of-parlia.html">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-PTI<br /><br /><em>The joint committee on the FRDI Bill has been granted an extension of time up to the last day of Budget Session 2018, speaker Sumitra Mahajan informed the Lok Sabha<br /><br />New Delhi: </em>The Financial Resolution and Deposit Insurance Bill, or FRDI Bill, may not be introduced in Parliament even during the budget session, as the joint committee looking into it got an extension for submitting its report.<br /><br />Lok Sabha speaker Sumitra Mahajan informed the House that extension of time has been granted for the joint panel on the FRDI Bill &ldquo;up to the last day of Budget Session, 2018&rdquo;.<br /><br />It also comes at a time when concerns have been raised in some quarters about certain provisions of the bill, including a so-called &ldquo;bail-in clause&rdquo;, which was introduced in the Lok Sabha in August this year. The joint committee on the FRDI Bill, 2017 have decided to seek extension of time up to the last day of Budget Session, 2018, as the report of the joint committee would not be ready for presentation by December 15.<br /><br />The joint committee&rsquo;s motion regarding extension of time could not be moved on December 15 &ldquo;as the House was adjourned after making obituary references. Hence, I have on behalf of the House granted extension of time&rdquo;, Mahajan said during Zero Hour.<br /><br />The 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. The so-called &ldquo;bail-in&rdquo; clause in the draft legislation has been commented upon by experts as of bringing potential harm to deposits, in the form of savings accounts.<br /><br />Please <a href="http://www.livemint.com/Industry/lbEyHtWa3AvpXlO1hQHDII/Govt-unlikely-to-table-FRDI-Bill-in-budget-session-of-parlia.html" title="http://www.livemint.com/Industry/lbEyHtWa3AvpXlO1hQHDII/Govt-unlikely-to-table-FRDI-Bill-in-budget-session-of-parlia.html">click here</a> to read more. <br /></div>                                                           
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                            <div align="justify">-PTI<br /><br /><em>The joint committee on the FRDI Bill has been granted an extension of time up to the last day of Budget Session 2018, speaker Sumitra Mahajan informed the Lok Sabha<br /><br />New Delhi: </em>The Financial Resolution and Deposit Insurance Bill, or FRDI Bill, may not be introduced in Parliament even during the budget session, as the joint committee looking into it got an extension for submitting its report.<br /><br />Lok Sabha speaker Sumitra Mahajan informed the House that extension of time has been granted for the joint panel on the FRDI Bill &ldquo;up to the last day of Budget Session, 2018&rdquo;.<br /><br />It also comes at a time when concerns have been raised in some quarters about certain provisions of the bill, including a so-called &ldquo;bail-in clause&rdquo;, which was introduced in the Lok Sabha in August this year. The joint committee on the FRDI Bill, 2017 have decided to seek extension of time up to the last day of Budget Session, 2018, as the report of the joint committee would not be ready for presentation by December 15.<br /><br />The joint committee&rsquo;s motion regarding extension of time could not be moved on December 15 &ldquo;as the House was adjourned after making obituary references. Hence, I have on behalf of the House granted extension of time&rdquo;, Mahajan said during Zero Hour.<br /><br />The 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. The so-called &ldquo;bail-in&rdquo; clause in the draft legislation has been commented upon by experts as of bringing potential harm to deposits, in the form of savings accounts.<br /><br />Please <a href="http://www.livemint.com/Industry/lbEyHtWa3AvpXlO1hQHDII/Govt-unlikely-to-table-FRDI-Bill-in-budget-session-of-parlia.html" title="http://www.livemint.com/Industry/lbEyHtWa3AvpXlO1hQHDII/Govt-unlikely-to-table-FRDI-Bill-in-budget-session-of-parlia.html">click here</a> to read more. <br /></div>                                                           
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Home हिन्दी

Govt unlikely to table FRDI Bill in budget session of parliament

Published on Dec 18, 2017   Modified on Dec 18, 2017

-PTI The joint committee on the FRDI Bill has been granted an extension of time up to the last day of Budget Session 2018, speaker Sumitra Mahajan informed the Lok Sabha New Delhi: The Financial Resolution and Deposit Insurance Bill, or FRDI Bill, may not be introduced in Parliament even during the budget session, as the joint committee looking into it got an extension for submitting its report. Lok Sabha speaker Sumitra Mahajan informed the House that extension of time has been granted for the joint panel on the FRDI Bill “up to the last day of Budget Session, 2018”. It also comes at a time when concerns have been raised in some quarters about certain provisions of the bill, including a so-called “bail-in clause”, which was introduced in the Lok Sabha in August this year. The joint committee on the FRDI Bill, 2017 have decided to seek extension of time up to the last day of Budget Session, 2018, as the report of the joint committee would not be ready for presentation by December 15. The joint committee’s motion regarding extension of time could not be moved on December 15 “as the House was adjourned after making obituary references. Hence, I have on behalf of the House granted extension of time”, Mahajan said during Zero Hour. The 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. The so-called “bail-in” clause in the draft legislation has been commented upon by experts as of bringing potential harm to deposits, in the form of savings accounts. Please click here to read more.

Livemint.com, 18 December, 2017, http://www.livemint.com/Industry/lbEyHtWa3AvpXlO1hQHDII/Govt-unlikely-to-table-FRDI-Bill-in-budget-session-of-parlia.html

Tagged with: Banking Reforms Bail-in Financial Resolution and Deposit Insurance (FRDI) Bill

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• Failing banks: Govt looking at refund mechanism to protect depositors -Richa Mishra & KR Srivats

 

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