<h1>Cabinet Approves Bills to Protect Investors: Ban on Unregulated Deposits & Chit Funds Sector Improvements.</h1> The Union Cabinet, chaired by the Prime Minister, has approved two bills aimed at protecting investors: the Banning of Unregulated Deposit Schemes Bill, 2018, and the Chit Funds (Amendment) Bill, 2018. The first bill seeks to eliminate illicit deposit-taking activities by imposing strict penalties and creating a framework for repayment to depositors. It includes measures like asset attachment and a central database for monitoring. The second bill aims to improve the Chit Funds sector by allowing video conferencing for subscriber meetings, increasing the foreman's commission, and granting them a right to lien for dues, among other amendments.