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e. The 1992 Indian stock market scam was a market manipulation carried out by Harshad Shantilal Mehta with other bankers and politicians on the Bombay Stock Exchange. That scam caused significant disruption to the stock market of India, defrauding investors of over ten million USD. Techniques used by Mehta involved having corrupt officials ...
Annual budget. ₹205,765 crore (US$25 billion) (2023–24 est.) Ministers responsible. Pralhad Joshi, ( Cabinet Minister) Nimuben Bambhaniya, ( Minister of State) Website. https://consumeraffairs.nic.in/. The Ministry of Consumer Affairs, Food and Public Distribution is a government ministry of India. The ministry is headed by a Cabinet rank ...
Andhra Pradesh. Location. A.P. State Consumer Disputes Redressal Commission,1st Floor, Sai Towers, Beside SIRIS Company, Ashok Nagar, Kanuru, Vijayawada – 520 007 [1] Judge term length. 3 years from the date of entering office or up to 65 years of age (whichever is earlier) Website. https://scdrc.ap.nic.in/.
The Forward Markets Commission ( FMC) is the regulatory body for the commodity market and futures market in India. It is a division of the Securities and Exchange Board of India, Ministry of Finance, Government of India. As of July 2014, it regulated Rs 17 trillion [ 1] worth of commodity trades in India. It is headquartered in Mumbai and this ...
The Consumer Protection Act, 1986 (COPRA) was an Act by the Parliament of India elected to protect the interests of consumers in India. It was replaced by the Consumer Protection Act, 2019 . It was made for the establishment of consumer councils and other authorities for the settlement of consumer's grievances and matters connected with it.
Consumer Court. Consumer Court is a special purpose court in India. It primarily deals with consumer-related disputes, conflicts, and grievances. The court holds hearings to adjudicate these disputes. When consumers file a case, the court primarily looks to see if they can prove the exploitation through evidence such as bills or purchase memos.
The Consumer Protection Act, 2019 was introduced in the Lok Sabha as a replacement of COPRA, 1986 on 8 July 2019 by the Minister of Consumer Affairs, Food and Public Distribution, Ram Vilas Paswan. [ 1] It was passed by Lok Sabha on 30 July 2019 [ 2] and later passed in Rajya Sabha on 6 August 2019. [ 3][ 4][ 5]
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.