Ponzi Schemes Current Affairs, GK & News
The Lok Sabha has passed the Banning of Unregulated Deposit Schemes Bill, 2019. This bill aims to curb the menace of non regulated financial schemes in the country and will authorize the government to effectively seize the immovable and movable assets of any financial defaulters who may escape from the country. What is in the ..
Category: Government Schemes Current Affairs
The Union Government has issued model guidelines for states to regulate direct selling and multi-level marketing businesses to protect consumers from Ponzi frauds. These model guidelines titled the Direct Selling Guidelines 2016 framework was released by Union Food and Consumer Affairs Minister Ram Vilas Paswan in New Delhi. Key features of guidelines The direct selling ..
The Securities and Exchange Board of India (SEBI) told the Supreme Court that banned Ponzi schemes do not fall under its regulatory purview. This announcement was made after the apex court had asked government and SEBI, the stock market regulator about measures undertaken by them to check the menace of ponzi schemes. SC had asked ..