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All India Chit Fund Association

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WB: Another chit fund owner dies, toll climbs to 14

The owner of a rural chit fund firm, active in two south Bengal districts, died on Thursday in Hooghly district taking the ponzi scheme fiasco deaths in the state to 14. The police said that Asim......

Excise policy: AAP's Goa poll kickbacks detected in I-T, CBI probes, says ED

The money trail of the alleged Rs 45 crore kickbacks generated from the Delhi excise policy "scam" and used for the 2022 Goa election campaign by the Aam Aadmi Party, as claimed by the Enforcement......

Chit fund scam: Sen sent to police custody for 14 days

A Kolkata sub-divisional magistrate's court on Thursday sent Ponzi king Sudipta Sen and two other accused to police custody for 14 days over their role in the Saradha chit fund scam. Media reports......

SC verdict on Adani 'extraordinarily generous': Cong

The Congress on Wednesday said the Supreme Court judgment on certain matters relating to transactions by the Adani Group has proven to be 'extraordinarily generous' to Securities and Exchange Board......

Congress promises nationwide caste census, women's quota asap if voted to power

The Congress on Monday promised that a government led by it will conduct a nationwide caste census and implement 33 per cent reservation for women in the Lok Sabha and state legislative assemblies......

As chit fund cos go hi-tech, fintech firms see a gold mine

The prescribed ceiling of aggregate chit fund deposits for individuals has been raised from Rs 1 lakh to Rs 3 lakh and in case of firms, the limit has gone up from Rs 6 lakh to Rs 18 lakh.......

Chit funds eye Rs 5K crore a year from NRIs

RBI has allowed NRIs to invest in chit fund companies on a non-repatriation basis, subject to certain conditions The Reserve Bank of India (RBI)’s recent decision to allow non-residential......

In Kerala, chit funds are Rs 700-billion strong

From modest beginnings in Thrissur in the 1800s to provide loans to traders and merchants to tide over financial problems, chits funds or kuri companies have grown by leaps and bounds in Kerala,......

Bengal SINGES as chit fund COLLAPSES

Congress MP Adhir Choudhury has pegged the loss at Rs 17,000 crore. Frustrated depositors and agents on Saturday vented their anger by ransacking Saradha offices across West Bengal. An agent in......

Soon you may not go to jail for bouncing a cheque

The finance ministry has proposed to decriminalise a host of minor offences, including those relating to cheque bounce and repayment of loans, in as many as 19 legislations to help businesses tide......

'Investing in girls is about the smartest thing you can do'

Over Dosas in Mumbai, Oscar winner Megan Mylan tells Vaihayasi Pande Daniel why she chose India and girl empowerment as the subject of her new documentary. Image: Megan Mylan (centre) with her......

Buzz: Pakistan begin World Test Championship campaign in England

IMAGE: After the tour of Netherlands and Ireland, Pakistan will travel to England where they will play three World Test Championship Tests from July 30 to August 20 . Photograph: Francois......

Why the once legendary football clubs of Kolkata are fading

Bogged down by inefficient administration and unable to attract financing, the once legendary football clubs of Kolkata are fading into irrelevance Odafe Okolie, right, trains with Jose Barreto,......

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