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A Ponzi scheme is one where old investors are paid returns with money deposited by new investors. The new entrants may not get any returns and, in some cases, they may lose the money they invested. In India, Ponzi schemes are banned under the Banning of Unregulated Deposit Schemes Act, 2019.
Heavy rains cause infra losses worth Rs 2,000 crore in Kumaon"While the damage to private properties and agriculture is still being assessed, the other loss to infrastructure is more than Rs 2,000 crore," Sushil Kumar, divisional commissioner, Kumoan region, told ET over phone.
from… Read MoreDelta+ Variant AY.4.2 driving UK surge seen in IndiaSo far only 20-30 cases - or less than 0.1% of the cases sequenced in India - have been identified with the AY.4.2 sublineage of the Delta variant, according to scientists at INSACOG, a consortium of leading Indian institutes… Read MorePM to launch health plan from VaranasiAtmanirbhar Swasth Bharat Yojana (PMASBY) on Monday afternoon. The new scheme will fill critical gaps in public health infrastructure, especially in critical care facilities and primary care, in both the urban and rural areas… Read MoreYouth in West UP more concerned over jobs, law and order"The crime rate has declined, and people can now move freely at any time in this region," Sirohi told ET. "This is a big change that has taken place under the Yogi government," he said. Sirohi thinks that job opportunities sh… Read More'Lucky 13': Babar Azam lords in style as India lose to Pakistan for first time in World CupIn between them, they hit 12 boundaries and five sixes to make it a 'Super Sunday' for Pakistan. On the day, there was only one team that could have won and that was Pakistan, who were better on a man-to-man comparison with… Read More
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