WITHDRAW FRDI BILL

The proposal to bring in the Financial Resolution and Deposit Insurance (FRDI) Bill without any pressing need for it is enough to dilute depositors’ trust in banks despite finance minister Arun Jaitley’s assurances. People have not forgotten demonetisation when Jaitley’s repeated assurances turned out to be untrue. The government’s one-step-forward-two-stepsback approach over the GST also hasn’t gone down well with the public. Huge dubious lending by public sector banks to corporate houses close to the ruling dispensation accounts for the nonpaying assets of the public sector banks. But if a person feels that his lifetime’s savings in a bank are not secure, he will lose faith not only in the banking system but even in the government itself. Only the withdrawal of the proposed bill will put people’s doubts to rest.

HL Sharma, Amritsar money of millions of saving account holders, who have deposited their lifetime’s savings in the banks, is not safe. What’s more, these people cannot go to any court to prevent banks from robbing them of their savings.

M Lal Garg, Chandigarh panel for submitting an actual picture of the hospital. It’s unfortunate that the sorry state of government hospitals is driving people to private hospitals, who charge an exorbitant sum for treatment.

Paramjit Singh ‘Parwana’, Patiala