The Reserve Bank of India has on Wednesday cautioned members of public about unauthorised companies which collect money from public stating that they have been authorised by the RBI to do so. The RBI stated that it has published on its website (http://rbi.org.in/scripts/BS_NBFCList.aspx) a list of non-banking finance companies (NBFCs) which are permitted to accept deposits. RBI further stated that all complaints relating to unauthorised acceptance of monies and running of money circulation schemes should be referred to the economic offences wing of the concerned state governments. It was reported that some individuals/firms/unincorporated association of individuals (unincorporated bodies)/marketing companies and companies engaged in money circulation schemes have been collecting monies from the public by making tall promises of high returns, either through issue of advertisements or by sale of products. Some of them even claim that they have the RBI’s approval for their operations. Some of these entities have reportedly vanished without repaying the monies collected by them.
My name is Nungshilong Longkumer, I am from Lirmen village and I am a B.Com graduate student born and brought up from Kohima.
The influence of art has always been there since from