India's Finance Minister Arun Jaitley has assured the Lok Sabha that the money deposited in the public sector banks is safe and there should be no apprehension about this.
Responding to the debate on supplementary demand for the year 2017-18 in the Lok Sabha, Jaitley said that people's money will be safer than before if the proposed financial resolution and deposit insurance bill pass.
The Finance Minister denied the allegations that the imposition of goods and services tax (GST) is causing the loss of revenue to the states.
(Click here for Android APP of IBTN. You can follow us on facebook and Twitter)
About sharing
At least four dead, dozens missing as flash floods hit north India village
Air India flight crashes in Ahmedabad with more than 240 people on board
Indian-Administered Kashmir devastated after deadly cross-border strikes, residents...
Thousands of Kashmiris remain displaced despite India-Pakistan ceasefire
Calm returns to cities in Indian-administered Kashmir as ceasefire holds