{"id":27988,"date":"2018-10-23T17:29:35","date_gmt":"2018-10-23T11:59:35","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=27988"},"modified":"2018-10-23T17:29:35","modified_gmt":"2018-10-23T11:59:35","slug":"a-welcome-retreat","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/a-welcome-retreat\/","title":{"rendered":"A welcome retreat"},"content":{"rendered":"<p><a href=\"https:\/\/www.thehindu.com\/opinion\/editorial\/a-welcome-retreat-withdrawing-the-frdi-bill\/article24646860.ece\">A welcome retreat<\/a><\/p>\n<p><strong><u>News:<\/u><\/strong><\/p>\n<ol>\n<li>Centre is pulling out FRDI Bill<\/li>\n<\/ol>\n<p><strong><u>Important facts:<\/u><\/strong><\/p>\n<p>2. The Bill named \u201cthe Financial Resolution and Deposit Insurance Bill, 2017 was introduced in Lok Sabha last year.<\/p>\n<p><u>3. Reasons for withdrawing \u00a0the Bill: <\/u><\/p>\n<ul>\n<li>The Bill was in controversy for \u201cBail-in Clause\u201d provision.<\/li>\n<li>Under bail-in clause provision, banks are essentially dependent on depositor for funds from which they provide credit to borrowers.<\/li>\n<\/ul>\n<p>4. The withdrawal should be used as an opportunity by policymakers to reappraise the existing framework for resolving bankruptcy scenarios among financial entities.<\/p>\n<p><u>5. Way ahead:<\/u><\/p>\n<ul>\n<li>Need to review progress made by the Insolvency and Bankruptcy Code in addressing the crucial issue of debt resolution in the banking sector.<\/li>\n<li>Need to look at ways to strengthen the Deposit Insurance and Credit Guarantee Corporation.<\/li>\n<li>DICGC, which set up in the early 1960\u2019s guarantees repayment of bank deposit up to Rs 1 lakh in case a bank is liquidated, has not reviewed the amount under guarantee since 1993.<\/li>\n<li>Measures that helps prevent further erosion of public faith in the beleaguered banking system would be very welcome step in this direction.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A welcome retreat News: Centre is pulling out FRDI Bill Important facts: 2. The Bill named \u201cthe Financial Resolution and Deposit Insurance Bill, 2017 was introduced in Lok Sabha last year. 3. Reasons for withdrawing \u00a0the Bill: The Bill was in controversy for \u201cBail-in Clause\u201d provision. Under bail-in clause provision, banks are essentially dependent on&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/a-welcome-retreat\/\">Continue reading <span class=\"screen-reader-text\">A welcome retreat<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-27988","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704882242},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=27988"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/27988\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=27988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=27988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=27988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}