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Scam alert! Pyramid scheme launches highest in 5 years; watch out for entities like Mission Green India, Jivan Daan, Dhan Vriddhi, Capcha Pay

India Business News: India has seen a surge in multi-level-marketing (MLM) pyramid schemes, with over 400 new schemes emerging in 2023, the highest in the past five years.

Jivan daanDhan vriddhiPranjal danielVivek katochMinistry of consumer affairsMission green indiaIndian direct selling associationStrategy indiaConsumer protectionDirect sellingConsumer affairsBusiness newsPyramid schemesPonzi schemesMulti level marketingMlm schemes

Ponzi scheme: Pyramid scheme launches climb to highest in 5 years

India saw the highest number of multi-level-marketing pyramid schemes launched in five years in 2023, according to Strategy India, a policy, compliance and direct-selling consultancy. These schemes, based on money-circulation networks, pay existing investors with funds collected from new ones instead of profits. Many remain unchecked by taking advantage of loopholes in existing consumer protection laws.

Jivan daanVivek katochPranjal danielDhan vriddhiMission green indiaYears et bureauIndian direct selling associationMinistry of consumer affairsStrategy indiaConsumer protectionDirect sellingScheme launchesclimbConsumer affairsOriflame tupperwareConsumer protection actPonzi scheme

Vivek Katoch gets the command of IDSA Chairman, Harish Pant Vice Chairman

Vivek Katoch gets the command of IDSA Chairman, Harish Pant Vice Chairman
tehelka.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tehelka.com Daily Mail and Mail on Sunday newspapers.

New delhiAprajita sarkarLocket chatterjeeRajat banerjiVivek katochRohit kumarHead of growth officeCorporate affairsConsumer affairsDepartment of consumer affairsIndian direct selling associationParliamentary standing committee on foodHerbalife internationalWorld federationDirect selling associationsAnnual general meeting

Karnataka tops in direct selling growth in South, reaches Rs 1128 crore mark

Karnataka tops in direct selling growth in South, reaches Rs 1128 crore mark
tehelka.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tehelka.com Daily Mail and Mail on Sunday newspapers.

Rajat banerjiAprajita sarkarVivek katochIndian direct selling associationMinistry of consumer affairsDirect sellingAnnual survey reportConsumer affairsConsumer protectionVice chairman

Eight states form monitoring committees to supervise direct selling activities

As per the latest reports, the Indian direct selling industry crossed Rs 19,000 crore in FY22, registering over 5% growth.

Madhya pradeshHimachal pradeshTamil naduUttar pradeshRajat banerjiVivek katochGood glamm groupIndian direct selling associationNational law school of india universityChairman rajatConsumer protectionDirect sellingAndhra pradeshWest bengalNational law schoolIndia university