Rajasthan government will bring an ordinance to check frauds committed by non-banking finance companies in the state. Rajasthan Protection of Interest of depositors (in financial establishments) ordinance was given in-principle nod in a Cabinet meeting in Jaipur chaired by Chief Minister Vasundhara Raje.
“The decision was taken to protect the interests of depositors. People invest their hard earned money in such companies and there comes complaint about fraud and non-payment,” Parliamentary Affairs Minister Rajendra Rathore told reporters after the Cabinet meeting. He informed that provision of imprisonment from three to seven years and penalty from Rs two to five lakh has been made for the fraud.
The cabinet also reviewed the working of the Rajasthan Public Service Commission and appreciated its fast-paced functioning. He said the RPSC released the result of RAS-Prelims exam 2016 within 17 days of the exam.