{"id":33324,"date":"2018-10-30T11:50:19","date_gmt":"2018-10-30T06:20:19","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=33324"},"modified":"2018-10-30T11:50:19","modified_gmt":"2018-10-30T06:20:19","slug":"frdi-depositors-will-be-protected","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/frdi-depositors-will-be-protected\/","title":{"rendered":"FRDI: \u2018Depositors will be protected\u2019"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/Economy\/frdi-depositors-will-be-protected\/article21418437.ece\"><strong>FRDI: \u2018Depositors will be protected\u2019<\/strong><\/a><\/p>\n<p><strong>Context<\/strong><\/p>\n<p>Finance\u00a0Minister\u00a0Arun\u00a0Jaitley has\u00a0categorically\u00a0asserted that\u00a0depositors\u00a0would\u00a0be \u201cfully\u00a0protected\u201d\u00a0in\u00a0the\u00a0event of\u00a0a\u00a0bank\u00a0failure.<\/p>\n<p><strong>Backdrop:<\/strong> <strong>Financial Resolution and Deposit Insurance Bill 2017 is before the Joint Committee of Parliament<\/strong><\/p>\n<ul>\n<li>Mounting concerns about a proposed \u2018bail-in\u2019 clause in a draft legislation on financial resolution<\/li>\n<li>bail-in\u2019 clause, which allows for the cancellation or modification of bank deposits to shore up bank finances<\/li>\n<\/ul>\n<p><strong>View of the Govt.<\/strong><\/p>\n<p>About \u20b92.11 lakh crore is being pumped in to strengthen the public sector banks. So no such question arises<\/p>\n<p><strong>Concern<\/strong><\/p>\n<p>If the clause is included in the Bill, then one of the impacts will be on the price of gold, which will shoot up<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FRDI: \u2018Depositors will be protected\u2019 Context Finance\u00a0Minister\u00a0Arun\u00a0Jaitley has\u00a0categorically\u00a0asserted that\u00a0depositors\u00a0would\u00a0be \u201cfully\u00a0protected\u201d\u00a0in\u00a0the\u00a0event of\u00a0a\u00a0bank\u00a0failure. Backdrop: Financial Resolution and Deposit Insurance Bill 2017 is before the Joint Committee of Parliament Mounting concerns about a proposed \u2018bail-in\u2019 clause in a draft legislation on financial resolution bail-in\u2019 clause, which allows for the cancellation or modification of bank deposits to shore up&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/frdi-depositors-will-be-protected\/\">Continue reading <span class=\"screen-reader-text\">FRDI: \u2018Depositors will be protected\u2019<\/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-33324","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704743819},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/33324","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=33324"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/33324\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=33324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=33324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=33324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}