Quick Summary
The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) was introduced in Lok Sabha on 10th August, 2017 and, thereafter, was referred to the Joint Committee of Parliament for examination and report thereon.
The Government had withdrawn the FRDI Bill in August, 2018 for further comprehensive examination and reconsideration of the subject.
There are some media reports about reintroduction of the FRDI Bill. This is to clarify that the Government has not taken any decision to reintroduce the FRDI Bill.
FAQ :
No, the government has explicitly stated that no decision has been taken to reintroduce the FRDI Bill.
The FRDI Bill stands for the Financial Resolution and Deposit Insurance Bill, 2017.
The FRDI Bill was introduced in Lok Sabha on 10th August, 2017.
The FRDI Bill was withdrawn in August 2018 for further comprehensive examination and reconsideration.
The government has confirmed that it has not taken any decision to reintroduce the FRDI Bill at this time.
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