RBI has allowed NRIs to invest in chit fund companies on a non-repatriation basis, subject to certain conditions
FDI inflows into India are expected to register robust growth in 2026, supported by strong macroeconomic fundamentals, big-ticket investment announcements, sustained efforts to improve the ease of doing business, and a new generation of investment-linked trade pacts.
Even Delhi does not have a full-time registrar of chits.
The Congress on Wednesday said the Supreme Court judgment on certain matters relating to transactions by the Adani Group has proven to be 'extraordinarily generous' to Securities and Exchange Board of India (SEBI) and asserted that the party's fight against crony capitalism and its ill-effects on prices, employment and inequalities will continue.
The finance ministry has proposed to decriminalise a host of minor offences, including those relating to cheque bounce and repayment of loans, in as many as 19 legislations to help businesses tide over the crisis caused by the coronavirus outbreak. The 19 legislations include Negotiable Instruments Act (cheque bounce), SARFAESI Act (repayment of bank loans), LIC Act, PFRDA Act, RBI Act, NHB Act, Banking Regulation Act and Chit Funds Act.
The Congress on Monday promised that a government led by it will conduct a nationwide caste census and implement 33 per cent reservation for women in the Lok Sabha and state legislative assemblies at the earliest, including adequate representation for women belonging to the OBC community.
Aam Aadmi Party on Saturday challenged Congress and the Bharatiya Janata Party to disclose the names of the people from whom they have got more than 80 per cent of their funds being spent in the Lok Sabha election campaign.
"In view of the above, the West Bengal government has been requested by MHA to initiate action against the officer and intimate the action taken in this regard," it said.
India's Right-wing has sought to own our democracy by making itself appear the stuff of majority, and sometimes, a national ethos older than the Constitution on which our democracy is based, argues Shyam G Menon.
While the Opposition is making a belated effort to form a joint front against the BJP, Mamata's ambiguous stand has created confusion, observes Virendra Kapoor.
Bihar Cricket Association (BCA) secretary Aditya Verma, who is the petitioner in the Indian Premier League (IPL) spot-fixing case, on Sunday, refused the speculations of Lalit Modi providing any kind of financial support to him.
He attacked the dispensation over issues such as the state of the economy, the situation in Kashmir, the National Register of Citizens in Assam and action by probe agencies against opposition leaders.
Pakistan women cricket team's head coach New Zealander Mark Coles has resigned on Thursday, months before the ICC World T20 in Australia.
Speculation is rife that beleaguered Mukul Roy, a close aide of West Bengal Chief Minister Mamata Banerjee and under the CBI scanner in the Saradha chit fund scam, may switch over to the BJP. Neither Roy or the BJP have commented on the rumours. But Roy's recent remarks seems to expose him. Sheela Bhatt and Indrani Roy report.
Bogged down by inefficient administration and unable to attract financing, the once legendary football clubs of Kolkata are fading into irrelevance.
For the first time in our economic history a government has thought about more than 50 per cent of our economic activity instead of the five per cent represented by the Sensex companies, observes IIM-B professor R Vaidyanathan.
In his massive election rallies, Prime Minister Narendra Modi often caught voters fancy promising that each individual would get Rs 15-20 lakh in his bank account if he came to power.
Stepping up his offensive against the Congress, he asked the party to "repent" for what it has not done in the last 60 years.
The perception about JNU being 'radical' is one that is as old as JNU itself. But the university is more than just that. At its heart, its campus is a mosaic of ideologies that allow its students to breathe politically.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
Madhu Kishwar, noted activist, has raised eyebrows with her stand on Narendra Modi, another instance of her long insistence on questioning of peer opinion, notes Aparna Kalra.
Madhu Kishwar, noted activist, has raised eyebrows with her stand on Narendra Modi, another instance of her long insistence on questioning of peer opinion.
'I would like to request the AERB, UCIL and DAE to introspect. The world is changing, so is India. The wave of development and modernity will not stop for those who continue to live in the past. The future belongs to the youth who believe in the values of honesty, transparency and efficiency.'
'... not even a moral one, let alone a legal one.' 'Even if it is assumed that Deepak Kochhar tried to influence his wife into doing something dodgy for his 'social acquaintance', why would she do it?' 'By all accounts she has been granted share options in ICICI Bank of a very substantial amount which easily makes her a multi billion-pati.' 'She did not become CEO against some stiff competition by being stupid and concocting devious cock-and-bull renewable energy stories.' S Murlidharan, former managing director, BNP Paribas, unravels the Deepak Kochhar-Videocon controversy.
Over Dosas in Mumbai, Oscar winner Megan Mylan tells Vaihayasi Pande Daniel why she chose India and girls empowerment as the subject of her new documentary.
'There was an overt campaign and there was a covert campaign. The overt campaign may be development, government, and all this nonsense. But the covert campaign, which Mr Amit Shah was doing, was far more important with the help of RSS cadres. This has been an RSS election. From day one I have been saying, this is not Congress versus the BJP, this is Congress versus the RSS,' says Jairam Ramesh, one of the key strategists of the Congress party.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances