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WB government to soon get Centre's comments on chit fund bill: FM

Press Trust of India
Jun 04, 2013 at 10:08pm IST

New Delhi: Union Finance Minister P Chidambaram on Tuesday said the West Bengal government will soon get comments of the Centre on the bill passed by the state assembly for protection of investors in chit fund schemes. "The Ministry of Finance has given its comments to the Ministry of Home Affairs (MHA). I think they (MHA) are awaiting comments from one or two other ministries, perhaps the Ministry of Company Affairs," Chidambaram said in reply to a question regarding the bill passed by West Bengal.

West Bengal Finance Minister Amit Mitra had today met Chidambaram and discussed the issue. Chidambaram said he shared the comments given by his ministry on the bill.

"Then I rang up the Home Secretary and requested him to collect the comments from all ministries quickly and in next couple of days try to send it to Government of West Bengal," the Finance Minister said. The Home Ministry, which is the nodal agency in such matters, circulates the Bill to the ministries concerned, gets their comments and then conveys it to the state government.

WB govt to soon get Centre's comments on chit fund bill: FM

West Bengal Finance Minister Amit Mitra had today met Chidambaram and discussed the issue.

"So the comments of the Government of India will be compiled by the MHA and will be sent to the government of West Bengal," Chidambaram added. In April, West Bengal Protection of Interest of Depositors in Financial Establishment Bill, 2013 was passed by the assembly following the Saradha chit scam in which thousands of people were duped of their savings.

After meeting Chidambaram, Mitra said the Trinamool Congress government got the bill passed by the assembly within a month after people were duped of their savings.

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