Mamata mulls new Bill to protect depositors
27 April 2013 8:08 AM IST
A special session of the West Bengal assembly would be convened on 29-30 April to introduce a bill for protection of investors following the Saradha Group scam which has hit thousands of investors.
After an all-party meeting in the Assembly on Friday, Speaker Biman Banerjee said that the new Interest of Depositors in Financial Establishments Bill 2013 would be tabled on the second day after the customary obituary references.
He said that the session has been called keeping in mind the unrest created after the Saradha Group went bust affecting thousands of poor investors and the state government wanted to formulate a strong legislation.
Banerjee said that this would be the second special session convened in the history of the Assembly after 1960 when then chief minister B C Roy had called one in view of eviction of Bengalis from Assam. Banerjee said a motion would be moved in the House to withdraw the West Bengal Protection of Depositors in Financial Institutions Bill 2009. The bill was introduced by the previous Left Front government.
COMMISSION BEGINS PROBING SARADHA CHIT FUND MESS
The five-man inquiry commission headed by former Allahabad High Court chief Justice Shyamal Kumar Sen on Friday began probing the Saradha Group chit fund scam and will submit its report within six months. ‘The commission has formally begun its probe. There are four other members in the commission including an economist, a police officer and a professor,’ said Sen. The commission announced by West Bengal CM Mamata Banerjee.
After an all-party meeting in the Assembly on Friday, Speaker Biman Banerjee said that the new Interest of Depositors in Financial Establishments Bill 2013 would be tabled on the second day after the customary obituary references.
He said that the session has been called keeping in mind the unrest created after the Saradha Group went bust affecting thousands of poor investors and the state government wanted to formulate a strong legislation.
Banerjee said that this would be the second special session convened in the history of the Assembly after 1960 when then chief minister B C Roy had called one in view of eviction of Bengalis from Assam. Banerjee said a motion would be moved in the House to withdraw the West Bengal Protection of Depositors in Financial Institutions Bill 2009. The bill was introduced by the previous Left Front government.
COMMISSION BEGINS PROBING SARADHA CHIT FUND MESS
The five-man inquiry commission headed by former Allahabad High Court chief Justice Shyamal Kumar Sen on Friday began probing the Saradha Group chit fund scam and will submit its report within six months. ‘The commission has formally begun its probe. There are four other members in the commission including an economist, a police officer and a professor,’ said Sen. The commission announced by West Bengal CM Mamata Banerjee.
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