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CHIT FUND COLLECTIONS
ED case files in poll-bound West BengalThe Enforcement Directorate is actively investigating several money laundering cases across West Bengal. These probes target alleged corrup...- India can't buy Iranian or Russian oil without Trump's permission, alleges Rahul GandhiGandhi also claimed that the names of PM Modi, several BJP leaders and ministers have been found in the Epstein files. “The key (chabi) of ...
- Rahul Gandhi accuses PM Modi of 'compromised' foreign deals at Bengal rallyRahul Gandhi, addressing a public rally in Raniganj, made strong allegations against Prime Minister Narendra Modi, the BJP, and the RSS, cl...
- India's new crypto law set to red-flag chit fund, MLM business modelsRegulators including the Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi) have raised concerns before a parlia...
- 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.
- 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...
- 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.
- SFIO gets to probe six more illegal money-pooling casesSFIO, which comes under the Corporate Affairs Ministry, is now probing more than 140 cases pertaining to fraudulent money pooling activitie...
- CBI to register cases in Saradha scam soonCBI chief Ranjit Sinha had written letters to Chief Secretaries of West Bengal and Odisha asking them to provide logistic support to his te...
- SFIO seeks more time for Saradha scam final probe reportThe Serious Fraud Investigation Office has sought more time to submit its final report on the chit funds scam perpetrated by Saradha and ot...
- SC notice to Centre, RBI, SEBI on PIL on regulating chitfundsA bench headed by CJI P Sathasivam asked the govt and the institutions to file their response within four weeks on a plea filed by an NGO.
- Saradha chit fund scam: Supreme Court notice to Centre and West Bengal for CBI probeThe petitioners also sought a direction to the Centre to stop the entire chit funds business in the country till a proper mechanism is put ...
- Unauthorised chit fund activities have to be curbed: PM Manmohan SinghThe Central government has already announced an SFIO probe into the functioning of Kolkata-based Saradha Group.
- Unified financial regulation needed on mass swindling of poor saversAt present, the RBI bears the regulatory responsibility for non-banking finance companies, and Sebi, for collective investment schemes.
- West Bengal CPI(M) to campaign against chit fundsBuddhadeb Bhattacharjee has announced this at a function of the party mouthpiece "Ganashakti" at a function here.
- Strict norms for direct selling firmsThe government is looking at a stringent regulatory framework for firms engaged in direct selling and multilevel marketing to check increas...
- SFIO recommends body to curb fraudulent chit funds, MLMsThe Serious Fraud Investigation Office (SFIO) has recommended setting up of an institution to check fraud through chit funds and multi-leve...
- SMEs rush to chit funds in hunt for cheaper loans due to higher loan amounts & easy repayment optionsHigh interest rates coupled with cumbersome loan procedures and rigid repayment schedules are prompting small-time borrowers to join chit f...
- Chit funds popular among self-employed and salaried class: IFMR StudyChit funds, the age old form of finance, are said to be popular among the low income groups, self employed and salaried class.
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