At present, all deposits up to Rs 1 lakh are protected under the Deposit Insurance and Credit Guarantee Corporation Act that is sought to be repealed by the bill.
The Finance Ministry said the provisions contained in the FRDI Bill do not modify present protections to the depositors adversely at all.
What the FRDI Bill is all about and why it has sparked fears in bank depositors.
After state government approval the commitment of grace marks is concluded. Bihar Board Class 10th Results 2017 announced at Biharboard.ac.in and bihar.indiaresults.com
Seoul, South Korea: North Korea launched a ballistic missile from a submarine but it likely failed in its early stage, the latest in a string of tests that are part of efforts by the North
A North Korean missile launch likely failed on Tuesday, South Korea's military said, the fourth in a series of high-profile failures
Florida: The private SpaceX company sent a supply ship soaring flawlessly toward the International Space Station on Saturday, but the booster rocket ended up in pieces in the Atlantic following a failed attempt to land
Break ups, generally, sound painful! Whether they are mutual or forceful, the pain of parting ways from your lover is never too easy.When we hear someone breaking up, especially our friend, we try our best
Just being born into a Bollywood family or having connection with top-notch names doesn't assure you a dynamic career.As quoted by Om Prakash Makhija from 'Om Shanti OM', "You need to have a hot-shot surname
Dhaka: The Bangladesh Nationalist Party (BNP) Tuesday blamed the Awami League-led government for not sealing a deal to share the Teesta river waters with India, a media report said."Teesta waters are our right, because it's
New Delhi: Cities are the best place to live in when one thinks of a good lifestyle. Industrialization, commercialization, employment, recreation etc are a part of city life that lure people to settle in metros. However,
New Delhi: Describing Aam Aadmi Party's manner of protest as "unacceptable", BJP today said the party would not appeal to Lok Sabha voters as it is anarchic and lacks the qualities required for providing much-needed
Bhubaneswar: With another very severe cyclonic storm looming over the state, it was recalled that so high was the wind speed of the super cyclone that ravaged Odisha in 1999 that the anemometers at the
New Delhi: Bharatiya Janata Party leader Arun Jaitley Saturday ruled out a third front forming a government after the next Lok Sabha polls, saying it was a "failed idea".The leader of opposition in the Rajya
New Delhi, July 29: First and second year students from the Delhi University's three-year programmes will be allowed to attend classes in the next academic session irrespective of their failure in any previous semester exam,
Islamabad, Oct 19: Pakistan has failed to come up with a concerted action plan to fight hunger due to which nearly a third of the people go to bed hungry, a leading daily said Friday.An
Pune, Mar 24: Union Agriculture Minister Sharad Pawar today refuted the allegation that NCP ditched Congress in the recent elections to the posts of Zilla Parishad chairman and vice-chairman in the state, saying it was
Abuja, Mar 9: A British-Nigerian operation, using helicopters and hundreds of troops including the elite SAS, to rescue two abducted foreigners went awry today with the militant group Boko Haram killing the captives. The special
Vienna, Feb 22: The UN nuclear agency today acknowledged its renewed failure in trying to probe suspicions that Tehran has worked secretly on atomic arms, in a statement issued shortly after an Iranian general warned
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