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Bengal govt allowing chit fund operators to relocate business: CPI(M)

Last Updated: Tuesday, April 30, 2013 - 18:50

New Delhi: CPI(M) on Tuesday claimed West Bengal government`s move to enact a new law to protect small depositors was only to provide chit fund operators to re-locate their properties.

CPI(M) leader Sitaram Yechury said the previous West Bengal Assembly during Left Front rule had passed a Bill on safeguarding the interest of depositors and the same was pending before the President for his assent.

"West Bengal government`s move would provide crucial time to chit fund operators to re-locate their properties. It is just buying time. The Trinamool Congress-led government is protecting chit fund operators," he said.
On the issue of Chinese incursions in Ladakh, Yechury said both India and China need to address the issue with maturity but there should be no compromise with national interest.
"Both the governments are involved in negotiations on this issue. The Foreign Minister is slated to visit China. We think the government, with maturity, must settle this issue," he said.


First Published: Tuesday, April 30, 2013 - 18:50
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