Committee would expect this proposed legislation to plug once and for all the regulatory loopholes and gaps in the financial services industry.
The probe agency said it has been writing to the two service providers regarding call records of certain mobile phone numbers since last year. (Photo: file)
New Delhi: Parliamentary standing committee on Finance has asked government to bring legislation to check ponzi schemes like Saradha scams in the winter session of Parliament. “The committee would like the Central law on unauthorised deposits and related matters be expedited so that a comprehensive bill can be introduced in the Parliament at least during the winter session.
The committee would expect this proposed legislation to plug once and for all the regulatory loopholes and gaps in the financial services industry,” said the report.
( Source : Deccan Chronicle. )
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