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News
chit funds
Chit funds News
Saradha scam
29 Jun 2016
Fraudulous chit funds back to haunt Bengal in agricultural schemes avatar
The consumer affairs department has started a campaign against these chit funds which are operating on a small scale in various parts of Bengal.
chit funds
03 Nov 2015
'Wrong perception impacting chit funds business'
Distancing themselves from illicit money pooling schemes, an apex body of chit funds on Tuesday said their business has taken a big beating because of the wrong 'perception' that all deposit-taking activities are illegal.
RBI
11 Jun 2015
RBI allows NRIs to invest in chit funds
The Reserve Bank Thursday allowed non-resident Indians (NRIs) to invest in chit funds on non-repatriation basis without any ceiling, a move that will encourage flow of capital into the country.
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