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CHIT FUNDS
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...04 May, 2026, 12.27 PM IST- 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...23 Apr, 2026, 12.59 AM IST
- West Bengal Assembly Elections: Congress releases 'people's chargesheet' against TMC, BJP-led CentreWest Bengal Pradesh Congress Committee released a “people’s chargesheet” accusing both the Trinamool Congress government and the BJP-led Ce...16 Apr, 2026, 05.56 PM IST
- 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 ...15 Apr, 2026, 12.18 AM IST
- 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...14 Apr, 2026, 02.02 PM IST
- 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...12 Aug, 2025, 09.35 PM IST
- 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.03 Feb, 2020, 12.00 PM IST
- 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...03 Feb, 2020, 06.30 AM IST
- 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...28 Nov, 2019, 07.14 PM IST
- 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...27 Nov, 2019, 07.08 AM IST
- 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.31 Jul, 2019, 05.05 PM IST
- 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.26 Jun, 2018, 07.23 AM IST
- 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.05 Jan, 2018, 02.39 PM IST
- 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...14 Jan, 2017, 12.44 AM IST
- '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.03 May, 2013, 09.31 PM IST
- Central Chit Act will not change the way we operate: Kerala State Financial Enterprise chairmanThe recently notified Chit Fund Act of 1982 will not alter the working style of the state government-promoted Kerala State Financial Enterp...17 May, 2012, 10.32 PM IST
- 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...17 May, 2012, 06.02 AM IST
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