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CCI Business Bulletin 27/07/2019-02/08/2019
Saturday Aug 3, 2019

Cabinet approves bill to regulate chit funds industry
Cabinet has approved a bill Chit Funds (Amendment) Bill, 2019. Bill will reduce the compliance burden of the registered chit funds industry and protect the interest of subscribers. Mobilising short-term funds to meet various personal needs has been a chronic problem faced by the general public in developing countries like India.

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