You are here: Home » PTI Stories » National » News
Business Standard

Withdraw FRDI Bill, Mamata writes again to Centre

Press Trust of India  |  Jalpahari (WB) 

Chief Minister today said she shot off another letter to the BJP-led central government asking it to withdraw the controversial Financial Resolution and Deposit Insurance (FRDI) Bill.

Addressing a rally here in district, she described the Bill as 'anti-people' and accused the central government of not thinking about the poor.

"They always talk big. They are coming up with a Bill which is anti-people. Before coming here today, I have again written a strong letter to them (the Centre) asking for withdrawal of the Bill," Banerjee said.

This is her second letter to the Centre demanding withdrawal of the FRDI Bill.

Opposition parties has been criticising the bill for some of its controversial provisions, including a bail-in clause. This clause has been commented upon by experts as of bringing potential harm to deposits, in the form of savings accounts. The government, however, said it will fully protect public deposits in financial institutions.

"You cannot simply digest common people's money. People are scared today. You cannot take away the money of the poor. You will have to withdraw the Bill," she said at the programme before inaugurating a cluster of projects this afternoon.

had acknowledge her first letter in this connection, said Banerjee, also the supremo.

"I had written to the BJP-led central government to withdraw it. The had acknowledged my letter. But he made a write a reply stating that nothing will happen to the poor," she stated.

The had on Tuesday announced that will start a nationwide protest unless the Bill is withdrawn.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 15 2018. 17:40 IST