However it may be recalled here that the controversy over chit fund frauds across the nation had its echo in the Tripura Assembly on Monday. The House during the first tenure of the assembly session witnessed uproarious scenes with the Opposition Congress staging protests against the Left Front government’s alleged reluctance to initiate action against the racketeers who squeezed hundreds of crores. Leader of the Opposition Sudip Roy Burman alleged that over Rs. 1,500 crore has been collected by the chit fund companies across Tripura. He accused the ruling CPI (M) of forging a ‘nexus’ with them and paving them to go unchecked in the state.

Earlier, the 10-day Budget Session of Tripura Legislative Assembly began on February 6 with Governor P.B. Achariya inaugurating the session. Finance Minister Bhanulal Saha presented the 2015-16 annual budgets on February 10th. Earlier in the BAC meeting it was decided that two bills – the Tripura Lokayukta amendment Bill and Tripura State University were placed in the House for approval on February 10. The state government appointed Pradip Kumar Sarkar, former judge of the Gujarat High Court, as Tripura's Lokayukta during the year 2011 following ascent of the president to the Tripura Lokayukta Act passed by the assembly in 2008. Government officials were not included in the act earlier.