The Indian Institute of Management Shillong has signed a Memorandum of Understanding (MoU) with the Association of Mutual Funds in India (AMFI) to promote financial literacy across Meghalaya, beginning from Shillong and subsequently extending to all 12 districts of the state.
Bishal Phukan(22), operating from Upper Assam, is accused of accumulating several crores of rupees from many people by promising fixed returns of up to 30 percent or more through investments in the stock market — a practice that the market regulator SEBI (Securities and Exchange Board of India) warns against.
