Seven months after the multi-crore Saradha Group scam came to light, the Assembly passed The West Bengal Protection of Interest of Depositors Bill, 2013 here on Thursday to rein in deposit-seeking schemes of non-banking financial institutions operating in the State.
A similar law passed by the Assembly on April 30 was withdrawn in the House earlier in the day after the Centre raised various “queries at different stages and offered some suggestions for including additional provisions of the said Bill.”
Finance Minister Amit Mitra, who tabled the Bill, said that additional provisions had been included in the Bill to strengthen it further as per the Centre’s suggestions.
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Senior members of the Treasury and Opposition benches participated in the heated debate which continued for over two hours after which the Bill was passed by voice vote.