Monday, May 27, 2013

Where were you when chit funds cheated people, panel asks RBI

The parliamentary standing committee on finance on Friday questioned Reserve Bank of India governor D Subbarao on the chit fund fraud. BJP leader Yashwant Sinha, who is the chairman of the committee, is likely to write to finance minister P Chidambaram on the urgent need for the ministry to build a mechanism to curb the chit fund menace........

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