New rules asked for Ponzis

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.