Is Extra Tax to Compensate Saradha Victims Fair?: RBI

In the wake of Sarada chit fund scam in West Bengal, the Reserve Bank of India (RBI) on Friday alerted depositors of certain customary safeguards before parking their funds in any scheme run by non-banking finance companies (NBFCs). "The Reserve ...

The signs are ominous; we may be looking at the most dreadful General Election in India's history.The air is full of unfinished administrative business and unresolved personal issues of politicians. A large section of Indians still don't get enough ...

The Prime Minister's Office on Saturday claimed that the government had already deposited Rs 19 crore directly to the bank accounts of 5.14 lakh consumers across the country since the June 1 launch of the first phase rollout of Direct Benefit Transfer (DBT) ...

Gujarat CM Narendra Modi sounded the bugle for the 2014 general election with the BJP sweeping all six seats in the state to which byelections were held recently. This came as a severe setback to the Congress, which held all six seats. This Gujarat triumph is ...

Business process outsourcing company Aegis is executing a plan to improve its profitability under a new chief executive, marking a shift in strategy after a low margin profile scuppered attempts to win attractive valuations from financial investors.

Mumbai : Amid rising incidents of fraudulent investment schemes hitting investors, the Reserve Bank today asked the public to carefully evaluate their decisions before depositing money with financial entities including Non-Banking Financial Companies ...

But Saradha went bust in April, wiping out as much as $3.7 billion in deposits from mostly low-income Indians, miring West Bengal's government in scandal, and illustrating the risks faced by the millions who live outside the banking system. Saradha, ...

Saradha investors rush to its offices Over a month into the collapse of the Saradha group in West Bengal, with suicides totalling double digits and widespread social distress in rural and semi-urban areas, the chances of depositors getting back even ...

In the backdrop of the chit fund scam, the State Bank of India today said Reserve Bank of India or Securities and Exchange Board of India should take up major campaigns to create awareness among investors being lured to ponzi schemes. "RBI...or Sebi ...