Anti-chit fund Bill passedhttps://indianexpress.com/article/cities/kolkata/antichit-fund-bill-passed/

Anti-chit fund Bill passed

The West Bengal Assembly on Tuesday passed a new Bill formulated by the Trinamool Congress government for protection of investors in chit fund companies,amidst a walkout by the Opposition Congress.

Kolkata: The West Bengal Assembly on Tuesday passed a new Bill formulated by the Trinamool Congress government for protection of investors in chit fund companies,amidst a walkout by the Opposition Congress. Congress members walked out of the House when an amendment to the new West Bengal Protection of Interest of Depositors in Financial Establishment Bill,2013,was not accepted by Finance Minister Amit Mitra,who tabled it at a two-day special session of the Assembly. “It was a matter of shame for the people of the state that a similar Bill brought by the previous Left Front government in 2003 was faulty and incomplete and did not get Presidential assent,” Mitra said. The new Bill is more serious and stringent in nature,he added.

Opposition leader Suryakanta Mishra said there is mention of a competent authority in the bill,but it is not clear about that individual’s identity. Since the Saradha scam affected other states as well,CBI should investigate it,he said.

Govt paid for my trip to Las Vegas: Mitra

Kolkata: Finance Minister Amit Mitra on Tuesday today said that his trip to Las Vegas in 2012 to attend the North American Bengali Conference sponsored by the Saradha Group,was paid by the state exchequer and not by any other entity. Mitra told the Assembly that the estimated cost of the trip to the US city was Rs 2 crore. He was replying to Leader of the Opposition Surya Kant Mishra who wanted to know whether the cost of the trip was borne by the Saradha Group.

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