-Livemint.com Controversy around the bail-in clause aside, FRDI Bill’s clauses 58 and 62(1) regarding governance of a firm declared critical are inherently conflicting Much has been said and written about the Financial Resolution and Deposit Insurance Bill, 2017. The FRDI Bill was scheduled for discussion in Parliament this winter session but will now have to yield to more immediate concerns such as the Gujarat election results and the Central Bureau of Investigation...
More »SEARCH RESULT
Total Matching Records found : 4031
War on graft? Modi government has punished only 12 corrupt IAS officers in three years -Nitin Sethi
-Scroll.in It takes an average of eight years to investigate complaints of corruption against central government officials. When the Bharatiya Janata Party ascended to power at the Centre in 2014, it was helped enormously by a wave of anti-corruption sentiment that has swept India. In the run-up to the election, prime ministerial candidate Narendra Modi promised to prosecute all corrupt officials and politicians – including those from his own party. During...
More »Sharp hike in health insurance premium hits senior citizens -Rachel Chitra and Rema Nagarajan
-The Times of India This month, Kolkata-based Mr and Mrs Soubito Banerjee, who are in their 70s, saw their medical insurance premium almost double from Rs 32,000 to Rs 63,000. Chennai-based Annathai Gopalakrishnan (68) will pay Rs 58,000, up from Rs 29,000. In general, a health insurance cover of just Rs 5 lakh for a 65-year-old couple now costs Rs 84,000 per annum, as against Rs 54,000 five years ago. For...
More »Bhargavi Zaveri, senior research associate at the Indira Gandhi Institute of Development Research, interviewed by Nitin Sethi (Scroll.in)
-Scroll.in The Insolvency and Banking Code was brought in as a law in May 2016 to resolve cases of unpaid debts by Companies. It allows creditors to initiate insolvency proceedings against defaulting Companies so as to recover their money. The code was thought necessary because existing systems of dealing with insolvent Companies had failed to deliver, with cases dragging on for years without result. The code sets up an Insolvency and Bankruptcy...
More »FRDI Bill: Depositors' money safer than ever, says Arun Jaitley -Avishek G Dastidar
-PTI FRDI Bill: Jaitley says no need to create fear psychosis, government will consider what panel recommends The Money of all depositors in public-sector banks will be protected and the level of protection will be “much higher than the level which existed till today,” Finance Minister Arun Jaitley told Lok Sabha Thursday. Talking about the Financial Resolution and Deposit Insurance (FRDI) Bill 2017 during his reply to the debate on Supplementary...
More »
