FRDI Bill more about 'ease of doing business' rankings than your deposits to bail out banks
BANKING ON DEPOSITS
The Financial Resolution and Deposit Insurance Bill would possibly have gone through Parliament without a murmur if it weren't for the contentious 'bail in' clause that has stoked heated debate on whether this constitutes abuse of depositors' rights. It might even prod the government to raise the deposit insurance from the current Rs 1 lakh. In effect, the clause allows
