The cabinet cleared amendments to the Deposit Insurance Credit Guarantee Corporation (DICGC) Act
It will let customers access their deposits up to Rs 5 lakh within 90 days if banks go bust and are placed under a moratorium
A relief to the depositors of stressed banks
The cabinet also cleared amendments to the Limited Liability Partnership (LLP) Act
It will allow such entities to reap the same benefits as larger companies
The amendment would help hundreds of startups
