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Saradha Group financial scandal. The Saradha Group financial scandal was a major political scandal caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds [1] [2] [3] in Eastern India.
Political funding in India is a major concern under need for electoral reforms in India. The financing of the world's most extensive electoral process remains a perplexing issue, as the involvement of businesses in supporting both disclosed and undisclosed expenditures during elections has been a matter of public knowledge for a considerable period.
A chit fund is a type of rotating savings and credit association system practiced in India, Bangladesh, Sri Lanka, Pakistan and other Asian countries. [1] Chit fund schemes may be organized by financial institutions, or informally among friends, relatives, or neighbours. In some variations of chit funds, the savings are for a specific purpose.
The following tables are the list of cities in India by population. Often cities are bifurcated into multiple regions (municipalities) which results in creation of cities within cities which may figure in the list. The entire work of this article is based on the census of India using data from the 2001 census of India and the 2011 census of India, conducted by the Office of the Registrar ...
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Art Fund (formerly the National Art Collections Fund) is an independent membership-based British charity, which raises funds to aid the acquisition of artworks for the nation. It gives grants and acts as a channel for many gifts and bequests, as well as lobbying on behalf of museums and galleries and their users.
Coimbatore Institute of Technology. Avinashi Road, Coimbatore – 641 014. Anna University, Chennai - 600 025. Coimbatore Institute of Technology ( CIT) is a government-aided autonomous engineering college located in Coimbatore, Tamil Nadu, India. It was founded in 1956 by V. Rangaswamy Naidu Educational Trust. It is affiliated to Anna University .