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Canada-based son remits Rs 70,000; parents save in committees

in5points
  1. Son based in Canada sent Rs 70,000 to parents in India.

  2. Parents parked the money in chit funds (committees).

  3. Parents then asked son for additional money for household expenses.

  4. Son expressed frustration over lack of cash flow at home.

  5. Practice of forced savings in committees limits liquidity.

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Gautam Adani

Adani Group

Gautam Adani

Acquired by Adani Group in 2022 from the founders.

Wikipedia: Gautam Adani