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Banning of Unregulated Deposit Schemes Bill

The Union cabinet has approved the Banning of Unregulated Deposit Schemes Bill. The Bill which aims to tackle the menace of illicit deposit-taking activities in the country will replace the earlier promulgated Banning of Unregulated Deposit Schemes Ordinance, 2019. Why? The Union Cabinet aims to curb the menace of half-baked investment schemes and chit funds ..