• Breaking News

    Lok Sabha passes bill to ban unregulated deposit schemes

    The Lok Sabha on Wednesday passed a bill to protect gullible investors from ponzi schemes, with Finance Minister Piyush Goyal saying the Government will ensure that no loophole is left while framing rules. The Banning of Unregulated Deposit Schemes Bill, 2018, seeks to put in place a mechanism by which such depositors can be compensated.

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