Deposit insurance, election budget bills up for approval

Another measure, a supplemental budget for full poll automation, is not on the legislators’ list of promises but Congress is also rushing its approval to meet an April deadline set by the Commission on Elections (Comelec).

Senate Majority Leader Juan Miguel F. Zubiri and House Speaker Prospero C. Nograles pointed to the likely approval by Wednesday of the P11.3-billion budget for the 2010 elections and changes to the Philippine Deposit Insurance Corp. (PDIC) charter that will increase the deposit insurance coverage to P500,000 from P250,000.

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