Saturday, Sep 19 2020 | Time 18:30 Hrs(IST)
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States » South

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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Minister has to take responsibility for death of girl Sumedha: TPCC

19 Sep 2020 | 6:15 PM

Hyderabad, Sep 19 (UNI) Telangana Pradesh Congress Committee (TPCC) spokesperson G Niranjan Reddy on Saturday alleged that Municipal Administration Minister K T Rama Rao should take responsibility for the death of 12-year-old girl Sumedha Kapuria who had drowned in an open Nala at Malkajgiri on Friday.

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Red alert issued in K'taka districts due to incessant rain next

19 Sep 2020 | 6:00 PM

Bengaluru, Sep 19 (UNI) Widespread moderate to heavy rains at most places with scattered very heavy to extremely heavy rains very likely over coastal and parts of Malnad regions. Fairly widespread to widespread light to moderate rains at most places with isolated heavy to very heavy rains likely over NIK & SIK regions associated with thunder activity in many places over the State.

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TTD traditions should not be changed for a non-believer : Naidu

TTD traditions should not be changed for a non-believer : Naidu

19 Sep 2020 | 5:51 PM

Vijayawada, Sep 19 (UNI) Telugu Desam Party National President and former Chief Minister N Chandrababu Naidu stressed the need to protect the divinity of Tirumala Venkateswara temple by preventing a spiritual breach from taking place at the hill shrine in the Y S Jaganmohan Reddy regime.

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Govt procuring required number of ventilators in dist hopitals: K'taka Edu Min

19 Sep 2020 | 5:50 PM

Tumkur, Sep 19 (UNI) Karnataka Medical Education Minister K Sudhakar on Saturday said that the government is aware of the shortage of ventilators in some districts hospitals and it has been tasked with procuring a sufficient number of ventilators on priority and has put out a tender for the same, crucial to treat people infected by COVID-19.

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Tagore urges party leaders to adopt consituency-centric approach to win next assembly poll in 2023

19 Sep 2020 | 5:49 PM

Hyderabad, Sep 19 (UNI) AICC Incharge for Telangana Pradesh Congress Committee (TPCC) Manickam Tagore on Saturday urged the party leaders to adopt a constituency-centric approach in order to win the next Assembly election in 2023.

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