|Narendra Modi (b. 1950), is the current Prime Minister of India|
Indian Journalists ask:
Is the Modi govt helping Ponzi, MLMs become legal?
Ordinary people are the biggest losers in the Ponzi, MLMs, chit fund and money circulation schemes like Saradha, Speak Asia and QNet. Yet, under 'pressure' from powerful MNCs operating as direct selling companies, the Modi government is reportedly proposing to dilute the PCMCS Act. Will it impose stringent conditions on them or merely help them to escape scrutiny?
Moneylife (copyright 2014)