YSRCP to oppose FRDI Bill in Parliament’s Winter session

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Friday, December 15, 2017

The YSRCP will oppose the Financial Resolution and Deposit Insurance (FRDI) Bill and move three private member Bills during the winter session.

The private member Bills included Special Category Status, making justiciable election manifesto of ruling parties and disqualification of floor crossing MPs and MLAs with immediate effect Speaking to reporters, YSRCP national spokesman and party MP from Tirupati V.Varaprasa said it was unfortunate that the Union Government was disowning responsibility of maintaining financial system solvency and leaving in the lurch bank depositors in the event of a bank failure.

He accused that the TDP at the State and BJP at the Centre competed with each other in promising anything and everything to the people but they did nothing to implement the promises. Each unemployed should have been provided at least Rs.60,000 as unemployment allowance in keeping with the TDP’s poll promise while each poor person should have had in their account Rs.15 lakh as promised by the Prime Minister on bringing back to country unaccounted money stashed in tax heavens abroad by super rich.

He said that party national general secretary V.Vijaysai Reddy would move another private member Bill on SCs as it was imperative for the speedy development of the fledging State struggling to cope with bifurcation blues. Party Chief Whip Y.V.Subba Reddy would move another private Member Bill of defectors with immediate effect as making them State Ministers by the TDP even before they resigned amounted in making a mockery of democracy.

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