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CHIT FUND
CBI arrests two main accused in Uttarakhand LUCC chit fund scamThe CBI has apprehended two key figures in the Rs 800 crore LUCC chitfund scam. Kishan Jain and Pankaj Jain were arrested in Mumbai. Over o...- What happens when investors stop SIPs during crises–real investors, real panic, and the real cost of walking awayFrom a cancer diagnosis in Kolkata to a layoff in Bengaluru to Covid panic in Agra—real investors, real crises, and the real cost of walkin...
- Bengal reset: How BJP dismantled TMC's fortress with strategy, structure and sentiment shiftThe Bharatiya Janata Party achieved a significant victory in West Bengal, ending the Trinamool Congress's long rule. This outcome resulted ...
- Govt has eased FDI norms for foreign cos having small Chinese/Hong Kong stake: An explainerIndia has eased Foreign Direct Investment rules for companies with up to ten percent Chinese or Hong Kong shareholding. These firms can now...
- CBI arrests director of Kolkata-based chit fund firm in Tripura scamThe Central Bureau of Investigation made an arrest. Partha Samaddar, a director of Himangini Infracon India Ltd, faced charges in the Tripu...
- Chit fund: How it works, red flags and your rights as an investorDo not invest in chit funds without knowing how it works. Here is all you need to know about investing in them.
- Amended Chit Fund Act brings tighter norms, transparency. Should you use chit funds as savings tool?Now chit funds are trying to carve out a cleaner identity, a campaign that culminated in a slew of amendments to the Chit Fund Act. These c...
- Parliament approves chit funds amendment billThe bill seeks to increase the limits for aggregate fund collections in chit funds to thrice the current limits and allows the chit fund fo...
- Bill introduced to raise cap on chit fund collectionsMinister of state for finance and corporate affairs Anurag Singh Thakur said a government-constituted key advisory group (KAG) and the parl...
- Union Cabinet approves bill to regulate chit funds industryThe bill is aimed at fulfilling the objectives of reducing the regulatory or compliance burden of the registered chit funds industry.
- How GeNext and new entrants are working to upgrade chit fundsThe sector is facing competition from alternative savings/investment products, which are better packaged and marketed more aggressively.
- Action to be taken against all involved in chitfund scams: GovernmentArun Jaitley said the SEBI was looking into the chit fund issues and efforts were on to seize the properties of such companies.
- Who killed the chit fund? Poor-friendly savings scheme falls to bad PR, strict regulationThe Rs 35,000-crore chit fund industry – which runs mostly on cash — is living in constant fear of coming under the income tax scanner.
- CPIM, Congress and Naxalites join hands to fight for chit fund victims in BengalThe CBI is running their chit fund probe in other states too, but governments in those states are not preventing the central probe agency f...
- No more chit funded movies in Tollywood!Tens of chit fund-backed production houses have vanished after scams such as Saradha and Rose Valley. Now, only two of them remain in the b...
- Budget 2015: Now chit fund foremen to pay service taxAccording to the Union Budget 2015-16, presented in the Parliament today by Finance Minister Arun Jaitley, chit fund foremen would have to ...
- 'Don't confuse 'Ponzi schemes' with chit funds'Tamil Nadu Chit Fund Companies Association President Y S Mathivanan said people wrongly associated ponzi schemes with chit funds.
- Saradha Group has nothing to do with Chit Fund business: CFAIObjecting to the use of word 'Chit Fund' in Saradha financial fraud, CFAI said none of the entities of the Group was operating as a registe...
- Saradha Group has nothing to do with chit fund business: CFAI"The failure of some Multi-level Marketing or a ponzi scheme is explained as failure of a Chit Fund company. This is totally unfair," Sivar...
- Mutual funds & insurance companies eye chit funds to expand reachMutual funds and insurance companies have found a new ally in chit funds, a traditional savings scheme, for reaching out to small-town inve...
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