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Inside Life Top Stories Debashis Basu, Sanket Dhanorkar & Pratibha Kamat The remarkable financial pyramid of gold loan companies gold loan companies
Malaysian MLM company ‘offers’ 200% returns in 10 months via gold trading in India A gold-trading company that claims that it ‘earns’ 6% margin per month is ‘offering’ 200% returns to unsuspecting people from the North East Senior citizens mark 16th August as Protest Day Senior citizens ask for better health insurance schemes from the government, immediate implementation of the National Policy on Older Persons along with the Maintenance and Welfare of Parents and Senior Citizens Act Tata Sky: Interesting product, boring ads While the motive behind the idea of home education is noble, the commercials are extremely boring and unwatchable Gold loan companies and their murky underbellies If you thought loans against gold were the best thing to happen to mankind since sliced bread, think again. We made trips to various branches of companies which profess to offer ‘quick’ loans against the yellow metal and this is what we unearthed KGN of Pune offers 1% interest a day, except holidays! KGN and its related companies are running what looks like a pyramid scheme through a multi-level marketing chain in Pune under different names, ensnaring gullible small investors Moneylife Foundation conducts workshop in Pune As the first step towards carrying the torch of financial literacy to the rest of the country, Moneylife Foundation held an interactive seminar in Pune on Saturday Inside Life News & Opinions Computerised CAT gets extension for a day The CAT 2009 has been extended to accommodate, within this year's testing period, all the registered candidates to whom the test has yet to be delivered as scheduled First past the post Suven’s drug discovery in the central nervous system could be the first molecule discovery in India if the company is successful in phase II and phase III studies Real estate developers jack up prices despite a pile-up of inventories Real estate inventories have increased by 20% in Q2 FY10. Developers have to cut property prices to reduce these inventories Consumer electronics sales up on festive sentiments Dealers of consumer electronics goods are expecting good sales this Diwali due to positive sentiments like rising stock market, late recovery in monsoon and an increase in disposable income due to payout of arrears for government employees Inside Life Recent News 
RBI allows PoS cash withdrawalDebit card holders in India will be allowed to withdraw cash upto Rs1,000 per day from PoS terminals 
ProtectingCentral information commissioner Shailesh Gandhi says that the Municipal Corporation of Delhi 
Ditching the TeachingIndian Statistical Institute (ISI) wants the superannuation age raised for teachers. But teaching Inside Life Moneylife Features
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 Gold loan companies and their murky underbellies If you thought loans against gold were the best thing to happen to mankind since sliced bread, think again. We made trips to various branches of companies which profess to offer  KGN of Pune offers 1% interest a day, except holidays! KGN and its related companies are running what looks like a pyramid scheme through a multi-level marketing chain in Pune under different names, ensnaring gullible small investors  Union Bank of India plans to go for takeout financing UBI is considering takeout financing for some of its infrastructure loans  Natural resources funds, unnatural returns Another scheme — the Tata Natural Resources Fund — has entered this space, but there is nothing which this fund can deliver that existing equity funds cannot  AMFI to tighten registration process for mutual fund The industry body will tweak ARN registration and renewal norms from1 September 2010
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