The proposed Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 has triggered a scare among depositors, particularly its 'bail-in' clause which purportedly allows failing banks to use deposited money to cut losses. Tune-in as ET's Finance and Markets Editor M.C. Govardhana Rangan dispels the myth about the bill and sheds light on the real reason behind the 'bail-in' provision.
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The proposed Financial Resolution and Deposit Insurance (FRDI) Bill, 2017 has triggered a scare among depositors, particularly its 'bail-in' clause which purportedly allows failing banks to use deposited money to cut losses. Tune-in as ET's Finance and Markets Editor M.C. Govardhana Rangan dispels the myth about the bill and sheds light on the real reason behind the 'bail-in' provision.
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Rumours around proposed FRDI Bill on Social Media are unfounded. The bill is intended to enhance the existing protection of maximum Rs. 1 lakh as insurance for depositors, in case their banks face financial stress. The bill is with Parliament Standing Committee that will consider and give suggestions on larger protection.
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Continuing to deliver good news for borrowers, the Reserve Bank of India (RBI) has announced another repo rate cut by 25 basis points. This is the third time in a row that the central bank has cut key rates this calendar year. Borrowers can hope for more rate cuts in the future as monetary policy stance has been changed from neutral to accommodative. Here is how Thursday's key announcements will affect your personal finances. (Text: ET Online)
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Watch RBI monetary policy: What the rate cut means for your money | Economic Times With HD Quality
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Chief Economic Advisor Krishnamurthy Subramanian will table the Economic Survey 2018-19 Thursday. It will also be the first such survey under Modi 2.0 government. Tune in as ET's consulting editor Swaminathan Aiyar explains what the document is all about and why it matters.
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Watch What is Economic Survey? Swaminathan Aiyar explains | BUDGET 2019 | Economic Times With HD Quality
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Guided by the dictum of 'blue sky thinking', the Economic Survey 2018-19 Thursday laid out the ambitious agenda of applying principles of behavioural economics to achieve 8 per cent of sustained GDP growth to make India a USD 5-trillion economy by 2024-25. The Economic Survey 2018-19, tabled in Parliament, is the first for the new government, which came to power with an overwhelming mandate. Watch now. (Text: PTI)
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What is Wheat Beer? | व्हीट बीयर क्या है?
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