Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Mamata proposes govt-sponsored deposit-taking scheme-Probal Basak    </title>
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-The Business Standard



The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds


Kolkata: West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide..."/>
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-The Business Standard



The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds


Kolkata: West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide..." />
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                            <div align="justify">-The Business Standard</div><p align="justify"><br /><em>The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds</em></p><p align="justify"><em>Kolkata: </em>West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide a secured saving option to the rural people of the state as an alternative.</p><p align="justify">&quot;To provide proper facility in the wake of growing financial insecurity, we are thinking of a social security scheme. It will ensure proper safety for public money and ensure decent return, proper return. We will put out a proposal on the finance department's website, inviting public opinion,&quot; Mamata Banerjee said.</p><p align="justify">Blaming the lack of adequate number of saving options for poor rural people as the reason behind  mushromming chit funds in the state, she said the government financial scheme is aimed to meet that need.</p><p align="justify">While investigation is on into the Saradha scam, with its promoter Sudipta Sen in police custody, the state police has in the meantime, raided offices of two more such companies, pulling the plug on their operations.</p><p align="justify">The proposed financial scheme is likely to be backed by a state legislation. &quot;We invite opinions from all section of people,&quot; she said.</p><p align="justify"><em>GoM set up to tackle Ponzi schemes<br /></em></p><p align="justify">The central government today set up an inter-ministerial group for proper enforcement of regulatory framework of companies running collective investment schemes, reports our Delhi bureau. The group, under the chairmanship of the additional secretary, Department of Financial Services, will also look at level marketing companies, non-banking financing companies and hold its first meeting on May 16, a statement said.</p><p align="justify">However, she pointed out that the government-sponsored scheme -- which according to her, can be named as &quot;Social Security Scheme&quot; or  &quot;We The People Scheme&quot; -- would not offer high returns like chit funds.</p><p align="justify">&quot;There may not be high return, but with the government's involvement, there will be security, which is more important for people, who are being cheated by chit funds,&quot; she said.</p><p align="justify">Banerjee did not share further details of the plan as the scheme is at the planning stage.</p><p align="justify">Although the government did not set any deadline for the launch of the scheme, the chief minister said, the government would soon put the propsal on its website, that would accept public suggestions for a period of one month.</p><p align="justify">&quot;We will decide and chalk out the scheme after receiving public comments,&quot; she noted.</p><p align="justify">The state government's proposal is seen as an yet another effort to show that it is serious about taking decisive action against deposit-taking companies. The Trinamool Congress government has been under immense political pressure because of the alleged link between its leaders and some illegal money-pooling companies.</p><p align="justify">As investigation is on into Saradha scam with its promoter Sudipta Sen being in the police custody, the state police has in the meantime has recently raided offices of two more such companies, pulling the plug on their operations.</p>                                                           
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    <br><a href="http://www.business-standard.com/article/current-affairs/saradha-shadow-mamata-proposes-to-launch-govt-sponsored-deposit-taking-scheme-113050800562_1.html#.UYqABS2P" class="re" target="_blank">The Business Standard, 9 May, 2013, http://www.business-standard.com/article/current-affairs/saradha-shadow-mamata-proposes-to-launch-govt-sponsored-deposit-taking-scheme-113050800562_1.html#.UYqABS2P</a><div class="clear"></div>
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The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds


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    <h1 class="cat-box-title">Mamata proposes govt-sponsored deposit-taking scheme-Probal Basak</h1>
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                            <div align="justify">-The Business Standard</div><p align="justify"><br /><em>The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds</em></p><p align="justify"><em>Kolkata: </em>West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide a secured saving option to the rural people of the state as an alternative.</p><p align="justify">&quot;To provide proper facility in the wake of growing financial insecurity, we are thinking of a social security scheme. It will ensure proper safety for public money and ensure decent return, proper return. We will put out a proposal on the finance department's website, inviting public opinion,&quot; Mamata Banerjee said.</p><p align="justify">Blaming the lack of adequate number of saving options for poor rural people as the reason behind  mushromming chit funds in the state, she said the government financial scheme is aimed to meet that need.</p><p align="justify">While investigation is on into the Saradha scam, with its promoter Sudipta Sen in police custody, the state police has in the meantime, raided offices of two more such companies, pulling the plug on their operations.</p><p align="justify">The proposed financial scheme is likely to be backed by a state legislation. &quot;We invite opinions from all section of people,&quot; she said.</p><p align="justify"><em>GoM set up to tackle Ponzi schemes<br /></em></p><p align="justify">The central government today set up an inter-ministerial group for proper enforcement of regulatory framework of companies running collective investment schemes, reports our Delhi bureau. The group, under the chairmanship of the additional secretary, Department of Financial Services, will also look at level marketing companies, non-banking financing companies and hold its first meeting on May 16, a statement said.</p><p align="justify">However, she pointed out that the government-sponsored scheme -- which according to her, can be named as &quot;Social Security Scheme&quot; or  &quot;We The People Scheme&quot; -- would not offer high returns like chit funds.</p><p align="justify">&quot;There may not be high return, but with the government's involvement, there will be security, which is more important for people, who are being cheated by chit funds,&quot; she said.</p><p align="justify">Banerjee did not share further details of the plan as the scheme is at the planning stage.</p><p align="justify">Although the government did not set any deadline for the launch of the scheme, the chief minister said, the government would soon put the propsal on its website, that would accept public suggestions for a period of one month.</p><p align="justify">&quot;We will decide and chalk out the scheme after receiving public comments,&quot; she noted.</p><p align="justify">The state government's proposal is seen as an yet another effort to show that it is serious about taking decisive action against deposit-taking companies. The Trinamool Congress government has been under immense political pressure because of the alleged link between its leaders and some illegal money-pooling companies.</p><p align="justify">As investigation is on into Saradha scam with its promoter Sudipta Sen being in the police custody, the state police has in the meantime has recently raided offices of two more such companies, pulling the plug on their operations.</p>                                                           
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    <br><a href="http://www.business-standard.com/article/current-affairs/saradha-shadow-mamata-proposes-to-launch-govt-sponsored-deposit-taking-scheme-113050800562_1.html#.UYqABS2P" class="re" target="_blank">The Business Standard, 9 May, 2013, http://www.business-standard.com/article/current-affairs/saradha-shadow-mamata-proposes-to-launch-govt-sponsored-deposit-taking-scheme-113050800562_1.html#.UYqABS2P</a><div class="clear"></div>
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        LATEST NEWS UPDATES | Mamata proposes govt-sponsored deposit-taking scheme-Probal Basak    </title>
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-The Business Standard



The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds


Kolkata: West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide..."/>
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-The Business Standard



The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds


Kolkata: West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide..." />
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    <h1 class="cat-box-title">Mamata proposes govt-sponsored deposit-taking scheme-Probal Basak</h1>
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                            <div align="justify">-The Business Standard</div><p align="justify"><br /><em>The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds</em></p><p align="justify"><em>Kolkata: </em>West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide a secured saving option to the rural people of the state as an alternative.</p><p align="justify">&quot;To provide proper facility in the wake of growing financial insecurity, we are thinking of a social security scheme. It will ensure proper safety for public money and ensure decent return, proper return. We will put out a proposal on the finance department's website, inviting public opinion,&quot; Mamata Banerjee said.</p><p align="justify">Blaming the lack of adequate number of saving options for poor rural people as the reason behind  mushromming chit funds in the state, she said the government financial scheme is aimed to meet that need.</p><p align="justify">While investigation is on into the Saradha scam, with its promoter Sudipta Sen in police custody, the state police has in the meantime, raided offices of two more such companies, pulling the plug on their operations.</p><p align="justify">The proposed financial scheme is likely to be backed by a state legislation. &quot;We invite opinions from all section of people,&quot; she said.</p><p align="justify"><em>GoM set up to tackle Ponzi schemes<br /></em></p><p align="justify">The central government today set up an inter-ministerial group for proper enforcement of regulatory framework of companies running collective investment schemes, reports our Delhi bureau. The group, under the chairmanship of the additional secretary, Department of Financial Services, will also look at level marketing companies, non-banking financing companies and hold its first meeting on May 16, a statement said.</p><p align="justify">However, she pointed out that the government-sponsored scheme -- which according to her, can be named as &quot;Social Security Scheme&quot; or  &quot;We The People Scheme&quot; -- would not offer high returns like chit funds.</p><p align="justify">&quot;There may not be high return, but with the government's involvement, there will be security, which is more important for people, who are being cheated by chit funds,&quot; she said.</p><p align="justify">Banerjee did not share further details of the plan as the scheme is at the planning stage.</p><p align="justify">Although the government did not set any deadline for the launch of the scheme, the chief minister said, the government would soon put the propsal on its website, that would accept public suggestions for a period of one month.</p><p align="justify">&quot;We will decide and chalk out the scheme after receiving public comments,&quot; she noted.</p><p align="justify">The state government's proposal is seen as an yet another effort to show that it is serious about taking decisive action against deposit-taking companies. The Trinamool Congress government has been under immense political pressure because of the alleged link between its leaders and some illegal money-pooling companies.</p><p align="justify">As investigation is on into Saradha scam with its promoter Sudipta Sen being in the police custody, the state police has in the meantime has recently raided offices of two more such companies, pulling the plug on their operations.</p>                                                           
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Home हिन्दी

Mamata proposes govt-sponsored deposit-taking scheme-Probal Basak

Published on May 9, 2013   Modified on May 9, 2013

-The Business Standard The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds Kolkata: West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide a secured saving option to the rural people of the state as an alternative. "To provide proper facility in the wake of growing financial insecurity, we are thinking of a social security scheme. It will ensure proper safety for public money and ensure decent return, proper return. We will put out a proposal on the finance department's website, inviting public opinion," Mamata Banerjee said. Blaming the lack of adequate number of saving options for poor rural people as the reason behind mushromming chit funds in the state, she said the government financial scheme is aimed to meet that need. While investigation is on into the Saradha scam, with its promoter Sudipta Sen in police custody, the state police has in the meantime, raided offices of two more such companies, pulling the plug on their operations. The proposed financial scheme is likely to be backed by a state legislation. "We invite opinions from all section of people," she said. GoM set up to tackle Ponzi schemes The central government today set up an inter-ministerial group for proper enforcement of regulatory framework of companies running collective investment schemes, reports our Delhi bureau. The group, under the chairmanship of the additional secretary, Department of Financial Services, will also look at level marketing companies, non-banking financing companies and hold its first meeting on May 16, a statement said. However, she pointed out that the government-sponsored scheme -- which according to her, can be named as "Social Security Scheme" or "We The People Scheme" -- would not offer high returns like chit funds. "There may not be high return, but with the government's involvement, there will be security, which is more important for people, who are being cheated by chit funds," she said. Banerjee did not share further details of the plan as the scheme is at the planning stage. Although the government did not set any deadline for the launch of the scheme, the chief minister said, the government would soon put the propsal on its website, that would accept public suggestions for a period of one month. "We will decide and chalk out the scheme after receiving public comments," she noted. The state government's proposal is seen as an yet another effort to show that it is serious about taking decisive action against deposit-taking companies. The Trinamool Congress government has been under immense political pressure because of the alleged link between its leaders and some illegal money-pooling companies. As investigation is on into Saradha scam with its promoter Sudipta Sen being in the police custody, the state police has in the meantime has recently raided offices of two more such companies, pulling the plug on their operations.

The Business Standard, 9 May, 2013, http://www.business-standard.com/article/current-affairs/saradha-shadow-mamata-proposes-to-launch-govt-sponsored-deposit-taking-scheme-113050800562_1.html#.UYqABS2P

Tagged with: Chit fund saradha Saradha Group Fraud crime Corporate Governance

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