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UNREGULATED DEPOSITS
Multi-crore ponzi scheme exposed in Karnataka: Over 40,000 investors duped in Shivananda Neelannavar fraud caseThe CID has exposed a massive Rs 2,400 crore Ponzi scheme run by Shivananda Neelannavar, defrauding over 40,000 investors. A significant po...- 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...
- Bihar hits a rare earth mineral jackpot: Cobalt found in Banka, gold in Jamui, says state ministerBihar rare earth minerals discovery: Bihar is poised to join India's rare minerals race with the discovery of cobalt, titanium, and rare ea...
- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- Bengaluru landlord seeks 33% rent hike, US woman compares with 3 to 5% rise, sparks debateAn American woman in Bengaluru is raising alarms about steep rent hikes. Her landlord demanded a 33 percent increase, threatening eviction....
- Decoding SAFU: The structural integrity checks every cryptocurrency exchange must passAs India's digital asset market matures, investors prioritize counterparty risk and verifiable institutional standards. The article outline...
- How Binance is bringing 24/7 trading to traditional marketsWith TradFi Perpetual Contracts, Binance has introduced round-the-clock trading for stocks, commodities, and indices. A look at why this ma...
- Delhi HC closes case concerning law banning unregulated deposit schemesThe petitioner had moved the high court in April 2020, claiming that in spite of the law coming into force in 2019, the Delhi government wa...
- Bill introduced in Lok Sabha to check ponzi schemesThe Banning of Unregulated Deposit Schemes Bill, 2019 will replace the Ordinance on the same.
- All about the Unregulated Deposit Schemes OrdinanceThe govt has promulgated the Unregulated Deposit Schemes Ordinance 2019 to curb ponzi schemes that dupe people.
- Unregulated Deposit Ordinance bans only Ponzi schemes not regulated depositsTo curb menace of Ponzi schemes, President Ram Nath Kovind last week promulgated the Banning of Unregulated Deposit Scheme Ordinance 2019.
- Unregulated deposit ordinance to lead to creation of central repository of registered firms: Rajiv KumarThe repository will help put a check on illicit deposit-taking activities that dupe the poor and the financially illiterate of their hard-e...
- President promulgates Unregulated Deposit Scheme OrdinanceThe Ordinance will help put a check on illicit deposit taking activities like Saradha scam and Rose Valley chit fund scam.
- Cabinet approves amendments to Banning of Unregulated Deposit Schemes BillThe bill provides for severe punishment and heavy pecuniary fines to act as deterrent
- Parliamentary panel for stringent punishment to deal with unregulated deposit schemesThe bill proposes to ban deposit takers from promoting, operating, issuing advertisements or accepting deposits in any unregulated deposit ...
- Lok Sabha refers bill to ban ponzi schemes to parliamentary standing committeeWhen the Banning of Unregulated Deposit Schemes Bill 2018 was taken up for discussion, the House, through a voice vote, decided to refer it...
- Government introduces bill to check unregulated deposits, prescribes 10-yr jailThe bill also proposes setting up of competent authorities by state governments to ensure repayment of deposits in the event of default by ...
- Assured return offers by realtors and jewellers to be treated as PonziMany realtors offer "assured returns" of 12-14% till possession. Offers from jewellers allow consumers to pay 11 instalments while the 12th...
- Government proposes stringent law to check ponzi, unregulated depositsThe Union Cabinet chaired by Prime Minister Narendra Modi today gave its approval to introduce Banning of Unregulated Deposit Schemes Bill,...
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