Abhishek leads rally to protest against proposed FRDI Bill

Kolkata: The Trinamool Congress has always stood beside the common man and will resist passing of the draconian Financial Resolution Deposit Insurance (FRDI) Bill by the Centre, party's MP and president of the youth wing Abhishek Banerjee said on Friday.

Addressing a gathering at Hazra More on Friday afternoon, Abhishek said: "We had opposed anti-people policies like demonetisation and GST. We will oppose FRDI too. There is no difference between BJP leaders and chit fund owner Sudipta Sen. He robbed public of their savings through chit funds and the BJP leaders will loot the common people in name of FRDI Bill."

Earlier, a rally to protest against the FRDI Bill was taken out from Jadavpur University which converged at Hazra More. It was led by Abhishek and several other party veterans including Sovandeb Chattopadhyay. Criticising the Centre, Banerjee said if the Bill is passed, it will take away the savings of the common man from the banks.

It may be mentioned that in the core committee meeting of the party which was held at the Trinamool Bhavan on October 16, party supremo Mamata Banerjee had slammed the Bill. All MPs and MLAs were present there. She had said that the Centre was again planning to rob the common people. "Through demonetisation and GST, the Centre has already hit the interest of the common man who have become poorer with each passing day and now through the FRDI Bill, it will take away their savings."

She also wrote a letter to Union Finance minister Arun Jaitley and requested him not to table the Bill.

The Trinamool Congress will hold meetings in the districts up to the block level to oppose the Bill and make people aware of it.

The Financial Resolution and Deposit Insurance (FRDI) Bill proposes to create a framework for overseeing financial institutions such as banks, insurance companies, non-banking financial services (NBFC) companies and stock exchanges in case of insolvency.