-The Hindu Business Line Chit funds, one of India's oldest indigenous financial institutions, are regulated by the Chit Funds Act, 1982, a central statute, and various State-specific regulations. Further, the Securities and Exchange Board of India (SEBI) regulates the operation of ‘collective investment schemes' (Collective Investment Schemes) through the SEBI 1999 Regulations (CIS Regulations). However, Section 11 AA of the Securities and Exchange Board of India Act, 1992 specifically excludes a...
More »SEARCH RESULT
Total Matching Records found : 453
Rs 4,000 cr at stake, SEBI asks Bengal to probe five more chit fund companies -Madhuparna Das
-The Indian Express Kolkata: As the investigation into the Saradha chit fund scam threatens to reach the doorstep of the Trinamool Congress, the markets watchdog is learnt to have warned of a larger, more frightening scenario: similar Ponzi schemes run by at least five other companies in West Bengal, involving over Rs 4,000 crore of small investors' money. In its latest communication sent to the state government, the Securities and Exchange Board...
More »Juvenile homes are hellholes, says report on child rape -Aarti Dhar
-The Hindu Asian Centre for Human Rights blames Centre, States for continuing assault There was a 336 per cent increase in child rape cases in the country between 2001 and 2011, a large number of the crimes committed in juvenile justice homes run and aided by the government. Citing National Crime Records Bureau statistics, the latest report on child sexual assaults in India says 48,338 rape cases were reported during the decade. Tip of...
More »Social Justice
KEY TRENDS • According to National Sample Survey report no. 583: Persons with Disabilities in India, the percentage of persons with disability who received aid/help from Government was 21.8 percent, 1.8 percent received aid/help from organisation other than Government and another 76.4 percent did not receive aid/ help *8 • As per National Family Health Survey-4 (NFHS-4), the Under-five Mortality Rate (U5MR) was 57.2 per 1,000 live births (for the non-STs it was 38.5)...
More »Power of RTI-Ashutosh Shukla
-DNA Dharmenddra Pawar, 35, could regain his mental balance only after he saw his answer paper procured through an RTI. For, only then he saw the examiners' apathy and not the failure of his hard work that led to absolute distress and him repeating the year. "I could not understand that in the first attempt I scored 27 marks and 0 in the second when I had put in more effort," said...
More »
