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Union Finance Minister Piyush Goyal has written to the Joint Parliamentary Committee studying on the controversial Financial Resolution and Deposit Insurance (FRDI) Bill, stating his intention to withdraw it.
The Joint Parliamentary Committee has also reportedly given its approval for the withdrawal of the Bill, following which the government will inform Parliament.
Source: (https://www.thehindu.com/todays-paper/centre-is-pulling-out-frdi-bill/article24567867.ece )
