Despite the constitution of special courts and swift adjudication of collective investment schemes (CIS) cases by them, market regulator Securities and Exchange Board of India (Sebi) has been facing issues in recovering the monies invested by people in the unauthorised CIS schemes. These courts were exclusively set up to expedite the process of bringing those guilty of illicit money-pooling activities across the country. According to sources, so far special courts have received 700 cases from various other criminal courts and are pending for clearances. In an e-mail ...
India will be superpower by 2047, but not high-income economy: Martin Wolf
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