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Govt to bring back FRDI Bill, may hike insurance cover of customers The government intends to hike the insurance cover of customers of a failed financial institution Current Affairs :The account service has begun take a shot at resuscitating the antagonistic Financial Resolution and Deposit Insurance (FRDI) Bill, a year after the proposed law for guiding bankruptcy of money related organizations was pulled back by the Union government. “The Department of Economic Affairs is redrafting the FRDI Bill and will before long circle it for between pastoral conference,” said a top money service official. Another account service authority said the administration would iron out issues identified with the disputable ‘bail-in’ proviso in the prior Bill, would investigate climbing the store protection front of clients, and would choose whether the goals system ought to apply to open part banks. The administration plans to climb the protection front of clients of a bombed monetary o...