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FRDI Bill may go back to the drawing table

DNMUM402610 | 12/8/2017 | Author : Manju AB | WC :547

Mumbai: The Financial Resolution and Deposit Insurance Bill (FRDI) 2017, which will be tabled in the winter session of the parliament, may get redrafted following concerns raised by the stakeholders.
The Joint Parliamentary Committee (JPC) which is considering the Bill has met 60 stakeholders, including the regulators — Reserve Bank of India, Sebi and Irda — apart from the nationalised and private banks, to get feedback on FRDI 2017.
JPC is looking at all aspects of the Bill to build a consensus. Major concern in the Bill is on the bail-in clause, which enables the resolution commission to utilise the money of depositors to bail out the banks if there is a need.
A JPC member told DNA Money, “The bail-in clause is only an enab
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How safe is it to invest in bitcoin? Jury is still out
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Jio hikes per day data limit by 500 MB
DNMUM406211 | 1/24/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :142

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Domestic aviation sector hits 100 million passenger mark
DNMUM406212 | 1/24/2018 12:00:00 AM | Author : Shahkar Abidi | WC :407

Mumbai: Domestic air passengers crossed 100 million mark for the first time in 2017, according to the latest statistics available with the aviation regulator Directorate General of Civil Aviation (DGCA).
About 1171.76 lakh passengers travelled a
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Sky’s the limit for Indian aviation
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