Chit Funds

Bill to amend chit funds Act introduced in Lok Sabha to facilitate orderly growth of sector

Crackdown on ponzi schemes: Govt to bring in new bill to ban unregulated deposit schemes

The government on Tuesday said it will come out with a new bill in Parliament to ban unregulated deposit schemes with a view to checking defrauding of gullible investors

Business class travel expensive from 1 April, museum, zoo visit get cheaper

Finance Minister Arun Jaitley had came out with a host of proposals last month to rationalise service tax, which is levied at an effective rate of 12.36 percent.

How sex workers in Bengal lost their lives' savings to chit funds

Dreams of a better life turned into a nightmare for several sex workers in Kolkata's largest red light district Sonagachi, who lost their lifelong savings in Ponzi schemes which promised to double their money.

Saradha scam: Here's how to spot a ponzi scheme

While West Bengal Chief Minister Mamata Banerjee is urging people to smoke cigarettes more frequently and help those poor investors reclaim some of their earnings lost in Saradha, here are a few ways to spot a Ponzi scheme.

Saradha chit fund scam: Mamata announces Rs 500 cr relief fund

Banerjee said the money from the fund will be paid to the depositors on the basis of recommendations of the high-powered commission set up by her government.

Sudipta Sen's tell-all letter to CBI reveals blackmail by TMC MPs

Sudipta Sen has sent an 18-page letter to the CBI alleging that several top politicians and officials in the state blackmailed him for two years.

Post Sen's arrest, more Saradha entities under Sebi scanner

At least ten companies are currently being probed for possible violation of CIS regulations of Sebi,

Another Sahara: How Saradha built a 'brand' and duped people

Brand building is an inherent part of a Ponzi Scheme. Sudipta Sen ensured that the Saradha Group had huge presence in the media.

Now, Sebi probes Saradha Group for fund-raising irregularities

The capital market regulator is looking into whether its Collective Investment Scheme (CIS) regulations were violated while raising funds from the public,