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RBI Governor briefs Parliament panel over chit-fund scam

Last Updated: Friday, May 24, 2013, 21:44

RBI Governor D Subbarao today briefed a Parliamentary panel on regulatory issues concerning the recent chit-fund scam in West Bengal and discussed steps that could be taken to prevent recurrence of such frauds

Lack of banking facilities drove people towards ponzi schemes

Last Updated: Sunday, May 12, 2013, 11:25

An economist, Ajitava Rai Chaudhuri, says it is the easy availability of need-based loans and high returns on short-term investments that propel people to invest in ponzi schemes.

New bill on protecting investor interest to have more teeth

Last Updated: Monday, April 29, 2013, 18:13

Copies of the bill, to be moved by Finance Minister Amit Mitra Tuesday for consideration and passage, were circulated among members on the first day of a two-day special session of the Assembly Monday.

SEBI, other agencies to join forces against investment frauds

Last Updated: Sunday, April 21, 2013, 11:19

Amid a countrywide proliferation of fraud investment schemes, markets watchdog SEBI is joining forces with other agencies, including RBI, SFIO, Enforcement Directorate and state police departments, to tackle the menace.

Govt proposes high-level committee to check investment frauds

Last Updated: Friday, November 30, 2012, 17:50

The Finance Ministry has requested all states and union territories to set up such a committee to enable enhanced information-sharing among the concerned agencies.