The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its nod for withdrawal of the Financial Resolution and Deposit Insurance (FRDI
) Bill, 2017, they added.
Bill proposes to establish a Resolution Corporation and a comprehensive resolution regime to enable timely and orderly resolution of a failing financial firm.
Bill deals with the banks, insurance companies, financial institutions etc.
Os autores tambem destacaram falhas na avaliacao da real consequencia dos efeitos adversos do empreendimento (FRDI
), sugerindo uma tendencia em classificar erroneamente impactos de grande magnitude como de pouca magnitude.
Where nGDP09-06 is an output gap, SERV is service sector as a percentage of GDP, FRDI
is Freedom Index, TI is Transition Indicators score, YEARS is number of years under planned socialism, RES is resource base (has a value of 1 if the country has an abundant resource base, 0 otherwise), and is an error term.
Stakeholders have expressed concern about the 'bail-in' clause in the FRDI
Bill, even as the government sought to allay the concerns.
18 ( ANI ): Trinamool Congress MP Derek O' Brien opposed the Financial Resolution and Deposit Insurance (FRDI
) Bill on Sunday.
He said, rumours are now being spread about the Financial Regulation and Deposit Insurance (FRDI
With public anger rising across the country over cash availability, some media reports quoting bank officials said that the sudden spike in number of people willing to withdraw huge amount of cash stems from the fear of 'bail-in clause' in the Financial Resolution and Deposit Insurance (FRDI
Summary: New Delhi [India], Jan 3 (ANI): Following media reports on bail-in provisions under the Financial Resolution and Deposit Insurance (FRDI
) Bill, 2017, Department of Economic Affairs Secretary Subhash Chandra Garg on Wednesday claimed that these provisions would not be applicable to around 98 percent of depositors.
Addressing the Ficci annual general meeting, he said rumours were being spread by some sections about provisions of the proposed Financial Regulation and Deposit Insurance (FRDI
) Bill under which the depositors would suffer.
The Government of India had invited stakeholder/public comments on the Draft Financial Resolution and Deposit Insurance(FRDI
) Bill, 2016 from 28.9.2016 to 14.10.2016.