[New Delhi]Center To Ban Unregulated Deposit&Chit Fund Schemes
The Union Cabinet, chaired by Prime Minister Narendra Modi, decided to make changes in the Chit Funds Act to enable greater financial access of people to other financial products.
“The bill is aimed at tackling the menace of illicit deposit taking activities in the country.
“Companies/ institutions running such schemes exploit existing regulatory gaps and lack of strict administrative measures to dupe poor and gullible people of their hard-earned savings,” it said.
As regards changes in the Chit Fund Act, they are aimed at facilitating orderly growth of the segment and remove bottlenecks being faced by the industry.
The amendment will enable “greater financial access of people to other financial products”,
Category: Social Cause
[New Delhi]Arrest Tytler, Harsimrat Badal tells Rajnath
Union minister Harsimrat Kaur Badal today met Union Home Minister Rajnath Singh and demanded the “immediate arrest” of Congress leader Jagdish Tytler in connection with his “involvement” in the 1984 anti-Sikh riots.
The Shiromani Akali Dal leader met Singh with her party collegue Naresh Gujral and submitted a memorandum and a video of a purported sting operation showing Tytler apparently admitting his role in the riots.
Tytler has said the video is doctored.
The food processing minister requested Home minister to direct investigating agencies to immediately arrest Tytler and conduct a lie-detector test on him.He Husband and Punjab’s Ex Dy CM Sukhbir Singh Badal has also been asking arrest of Tytler
Badal also claimed that, according to the sting operation, the Congress leader had admitted his culpability in illegal transactions running into billions of rupees in the appointment of Delhi High Court judges among others.
The sting operation was released by the Delhi Sikh Gurdwara Management Committee (DSGMC) president Manjit Singh GK earlier this week.
He had said it was received by him from an unknown man on February 3.
Tytler has filed a police complaint against the DSGMC president, accusing him of circulating a “doctored” video clip.
Punjab Chief Minister Capt Amarinder Singh has avoided this question whereas his minister Navjot Singh Sidhu has already asked for strict action against culprits
Baptist World Leader Msiza Denied Indian Visa:Cong Rattles
Baptist World Alliance president Paul Msiza, was scheduled to attend a church programme in Meghalaya,
The Indian consulate at Johannesburg in South Africa informed the BWA president last night that his visa to visit Meghalaya for attending a programme had been rejected, Rev J R Sangma, general secretary of the Garo Baptist Convention told PTI.
The Garo Baptist Convention, a Christian denomination in Meghalaya, has over 2.6 lakh baptised adults in 2013, according to the Church census.
Baptist leaders are in touch with Union Tourism Minister K J Alphons seeking his intervention in the matter.
The BWA is a worldwide alliance of Baptist churches and organizations, formed during the first Baptist World Congress in 1905.
Meanwhile, the Meghalaya Pradesh Congress Committee strongly condemned the BJP government at the Centre over the rejection of the Christian missionary’s visa.
“This matter cannot be seen in isolation as that of just a visa denial. It very well exposes the mind-set of the present dispensation, the BJP and their masters in Nagpur,” Congress MP Vincent H Pala told reporters.