Nidhi companies Subject – Economy Context – The Ministry of Corporate Affairs has warned people against parking savings in Nidhi companies, after it found that none of the firms that had applied so far to be recognised under relevant rules was compliant with the norms. Concept – Under Nidhi Rules, 2014, Nidhi is a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and saving amongst its members, receiving deposits from, and lending to, its […]