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Rushikesh Shinde

Hey I am on Medialย โ€ขย 2m

๐Ÿงพ The Curious Case of Unused Billions in India In June 2024, SEBI ordered Jane Street to return โ‚น4,843 crore earned via alleged Nifty expiry manipulation. But even if recovered, the money wonโ€™t go to investorsโ€”itโ€™ll sit in SEBIโ€™s Investor Protection and Education Fund (IPEF), which remains vastly underused. As of March 2024: ๐Ÿ’ฐ IPEF corpus: โ‚น533 crore ๐Ÿ“‰ Spent in FY24: โ‚น2.8 crore Indiaโ€™s financial system holds vast idle sums: ๐Ÿฆ RBIโ€™s DEA Fund โ€“ โ‚น35,000+ crore from unclaimed deposits; most people unaware. ๐Ÿ“ˆ Stock Exchange IPFs โ€“ NSE: โ‚น2,700+ crore, BSE: โ‚น127 crore; <5% used. ๐Ÿ›๏ธ EPF/ESIC โ€“ Crores unclaimed due to dormant accounts and surplus. ๐Ÿงพ Tax Refunds โ€“ Billions stuck in TDS mismatches or outdated filings. These funds were meant to protect citizensโ€”but end up unused due to poor awareness and red tape. Whether Jane Street fines or forgotten accounts, public money remains frozen.

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