The State government of Maharashtra, one of the most farmer suicide affected states, passed the Money Lending (Regulation) Act, 2008 to regulate all private money lending to farmers. The bill set maximum not legally allowed interest rates on any loans to farmers, setting it to be slightly above the money lending rate by Reserve Bank of India, and it also covered pending loans.
Current Federal Reserve Policy Under the Lens of Economic History: A Review Essay Stephen D. Williamson Federal Reserve Bank of St. Louis July 9, 2015 1 Introduction Current Federal Reserve Policy Under the Lens of Economic History, edited by Owen Humpage (Humpage 2015), is a collection of papers commemorating the.
Introduction to money-laundering. Money is the prime reason for engaging in almost any type of criminal activity. Money-laundering is the method by which criminals disguise the illegal origins of their wealth and protect their asset bases, so as to avoid the suspicion of law enforcement agencies and prevent leaving a trail of incriminating evidence.
Money is measured with several definitions: M1 includes currency and money in checking accounts (demand deposits). Traveler’s checks are also a component of M1, but are declining in use. M2 includes all of M1, plus savings deposits, time deposits like certificates of deposit, and money market funds. Self-Check Questions.
The National Credit Act affects anyone dealing with the credit industry such as credit grantors, credit grantees and intermediaries. The NCA defines a “credit agreement” broadly as any installment purchase agreement of goods or services, as well as the extension of credit in the form of money i.e. home loans, personal loans, credit cards, store cards and short term loans.
The current Companies Act, Cap 486, allows the incorporation of both public and private unlimited companies by virtue definition and also re-registration of an unlimited Company as a limited company. The new Companies Act, No. 17 of 2015 retains this type of companies although with restrictions on the exemption to file annual returns with the.