Cabinet Briefing Highlights: Union Finance Minister Nirmala Sitharaman and Union Minister for Information and Broadcasting Anurag Thakur spoke about the decisions taken by the Union Cabinet today.
Sitharaman announced that the Cabinet has cleared the Deposit Insurance Credit Guarantee Corporation (DICGC) Bill, which would insure an amount of Rs 5 lakh stored in bank accounts. The
"Deposit Insurance Credit Guarantee Corporation was created in case people faced difficulties after RBI imposes moratoriums on banks. Today's Cabinet meeting has decided that within 90 days, depositors will receive Rs 5 lakhs of their money," Thakur added.
The Cabinet has also proposed amendments to the Limited Liability Partnership Act. "To provide ease of doing business benefits to law-abiding corporators in LLP firms, the criminality has been removed. A penalty in the form of a fine has been decided for violations of general trends. This boosts Aatmanirbhar Bharat," Thakur said.
Cabinet proposed amendment to Limited Liability Partnership Act: Sitharaman
Deposit Insurance Credit Guarantee Corporation Bill cleared by Union Cabinet, says Sitharaman
FM Nirmala Sitharaman, Union Minister Anurag Thakur begin addressing media
FM Nirmala Sitharaman, Union Minister Anurag Thakur to brief media shortly
The liveblog session has concluded as the Cabinet press briefing is over. For more news, views and updates, stay tuned with Moneycontrol.com.
Cabinet Briefing LIVE Updates | "A multilateral MoU has been signed between international financial service centres and multilateral agencies, International Organisation of Security Commissions and International Association of Insurance Supervisors," Anurag Thakur said.
Cabinet Briefing LIVE Updates | Amendments to LLP law boosts Aatmanirbhar Bharat campaign: Minister
"To provide ease of doing business benefits to law-abiding corporators in LLP firms, the criminality has been removed. A penalty in the form of a fine has been decided for violations of general trends. This boosts Aatmanirbhar Bharat," Union Minister Anurag Thakur said.
Cabinet Briefing LIVE Updates | Cabinet proposed amendment to Limited Liability Partnership Act: Sitharaman
The Union Cabinet, in the meeting held today, has decided to propose the first amendment to the Limited Liability Partnership Act, Sitharaman said. The law hd first come into effect in 2008-2009.
Cabinet Briefing LIVE Updates | Depositors of troubled banks to get money up to Rs 5 lakh back in 90 days
The Union Cabinet has decided that depositors of troubled banks would get their money, up to Rs 5 lakh, back within 90 days, Sitharaman said. As of now, several depositors of troubled lenders are waiting for longer periods to retrieve the money deposited in the bank accounts.
"Deposit Insurance Credit Guarantee Corporation was created in case people faced difficulties after RBI imposes moratoriums on banks. Today's Cabinet meeting has decided that within 90 days, depositors will receive Rs 5 lakhs of their money," Union Minister Anurag Thakur said.
Cabinet Briefing LIVE Updates | DICGC Bill cleared by Cabinet, bank deposits up to Rs 5 lakh to be insured: Sitharaman
The proposed law will insure bank deposits up to Rs 5 lakh, Sitharaman said, adding that 98.3 percent of bank accounts would be fully protected with the law, the finance minister said.
Cabinet Briefing LIVE Updates | Deposit Insurance Credit Guarantee Corporation Bill cleared by Union Cabinet, says Sitharaman
The Deposit Insurance Credit Guarantee Corporation (DICGC) Bill has been cleared by the Union Cabinet, Finance Minister Nirmala Sitharaman said.
Cabinet Briefing LIVE Updates | FM Nirmala Sitharaman, Union Minister Anurag Thakur begin addressing media
Finance Minister Nirmala Sitharaman and Union Minister Anurag Thakur have begun addressing the media. Stay tuned here for the latest updates.
Cabinet Briefing LIVE Updates | Union Finance Minister Nirmala Sitharaman, Union Minister for Information and Broadcasting Anurag Thakur and Minister of State for Ministry of Fisheries, Animal Husbandry and Dairying, L Murugan, will talk about decisions taken by the Union Cabinet at a media briefing.
The press briefing will begin shortly. Stay tuned to this LIVE blog for the latest updates.
Copyright © e-Eighteen.com Ltd All rights resderved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited.
