The Menace of Unregulated Deposits
On 29 July the Banning of Unregulated Deposit Schemes Bill, 2019 has been passed by the parliament. The Bill seeks to prevent unregulated entities from collecting deposits and duping the poor and the gullible of their hard earned savings. It seeks to amend three laws, namely, the Reserve Bank of India Act, 1934, the Securities and Exchange Board of India Act, 1992 and the Multi-State Co-operative Societies Act, 2002.
Need of the Bill
- There is widespread prevalence of illicit deposit taking activities through ponzi schemes which are running across the country. These schemes attract gullible investors and dupe them with ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Strengthening Food Security and Nutrition for an Inclusive India
- 2 Protecting Children in the Digital Age: The Need for Safer Social Media
- 3 India's Bioeconomy Blueprint: NITI Aayog's Roadmap to 2035
- 4 Vision Document on Drug Control
- 5 India's Rural Credit System: Expanding Financial Inclusion and Agricultural Growth
- 6 AI in India's Judicial System: Balancing Innovation with Constitutional Values
- 7 India’s Seaward Foreign Policy: Securing Maritime Interests in a Changing World
- 8 Fast Track Courts: Strengthening the Integrity of Public Examinations
- 9 Strategic Roadmap for Making Ayurveda Global
- 10 The Growing Threat of Antimicrobial Resistance in India
Current Affairs In Focus
- 1 India’s Deep Ocean Mission
- 2 PRETOMANID: New Drug for Drug-Resistant TB
- 3 Amazon Fires: Turning Forests to Ashes
- 4 New Economic Capital Framework
- 5 India and the Baltic Cooperation
- 6 Consumer Protection Act, 2019: Strengthening Consumers' Rights
- 7 Surrogacy Regulation Act 2019- Regulating the Rented Womb
- 8 Surgical Strike or Integration sans Integrity: The Jammu and Kashmir Reorganisation Act, 2019
