💨 Abstract

The AAP government in Delhi has introduced new regulations to combat financial frauds. The regulations allow the government to investigate and seize assets tied to fraud cases, targeting schemes like chit funds and high-return investment plans. The regulations also exempt self-help groups from scrutiny for contributions up to Rs 50,000 per month and Rs 5 lakh annually, to ensure honest small-scale groups can operate freely.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖