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FSDR bill : NDA govt trying to give corporate sector a backdoor access to savings of small depositors : TPCC

FSDR bill : NDA govt trying to give corporate sector a backdoor access to savings of small depositors : TPCC

Hyderabad, Jan 23 (UNI) Telangana Pradesh Congress Committee (TPCC) Treasurer Gudur Nararayana Reddy on Thursday alleged that the BJP-led NDA Government at the Centre was trying to give Corporate Sector a backdoor access to savings of small depositors by introducing Financial Sector Development and Regulation (FSDR) Bill.
In a media statement here, Mr Reddy also alleged that the NDA Government was trying to privatise the Public Sector Banks through FSDR Bill so as to benefit a few Corporates by granting them access to the hard earned money of common depositors.
Originally, the BJP Government had introduced Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 which was later dropped due to a controversial 'bail-in' clause. However, now the same bill is being introduced with some modifications which are more dangerous than the original FRDI Bill, he said.

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TN: PM Modi arrives in Kanyakumari for 45-hour long meditation

30 May 2024 | 6:48 PM

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30 May 2024 | 6:16 PM

Dindigul (Tamil Nadu), May 30 (UNI) Cadres of the Tamil Nadu Congress Committee (TNCC) and Viduthalai Chiruthaigal Katchi (VCK) on Thursday staged black flag protests in Southern districts of the State against Prime Minister Narendra Modi’s visit to Vivekananda Rock Memorial at Kanyakumari for meditation.

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BRS to launch Protests to oppose removal of Charminar and Kakatiya Kala Thoranam from State Emblem : KTR

30 May 2024 | 6:11 PM

Hyderabad, May 30 (UNI) Bharat Rashtra Samithi (BRS) working President K T Rama Rao (KTR) on Thursday said that his party would launch statewide protests to oppose the removal of Charminar and Kakatiya Kala Thoranama from the State Emblem.

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Southwest Monsoon sets in over Kerala, very heavy rainfall likely during next 24 hours : Met

30 May 2024 | 5:38 PM

Thiruvananthapuram, May 30 (UNI) Southwest Monsoon set in over Kerala on Thursday.

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