Top news of the day: To save banks, we have to protect depositors, says PM Modi; 1971 war reflects folly of Partition, says Rajnath Singh, and more
The Hindu
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Prime Minister Narendra Modi on Sunday said that the move to increase deposit insurance cover to ₹5 lakhs from ₹1 lakh, will fully insure ₹76 lakh crore of savings. “Such a comprehensive insurance cover is not there even in developed nations,” Mr. Modi said adding that, “This will cover almost 98% of all banking accounts.”
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