-PTI The corporate affairs ministry is likely to order a probe into functioning of Saradha group companies amid growing controversy over the Kolkata-based entity allegedly duping thousands of investors. Corporate affairs minister Sachin Pilot along with senior ministry officials would hold a meeting on Thursday to look into the functioning of various chit funds including issues related to Saradha group companies. A senior official said the ministry is likely to order a probe...

-The Hindu     Imprecise estimates of slums in the 2011 census could affect welfare programmes for least privileged groups The recently published census 2011 report on housing stock, amenities and assets in slums, the first of its kind in the country, reassuringly announced that the number of urban slums has declined and the percentage of households in slums has dropped from 23.5 (2001) to 17.4. On the face of it, this reduction appears...

-PTI Mamata Banerjee stages reversal of former apathy towards fate of those affected by Saradha Group demise Kolkata: West Bengal chief minister Mamata Banerjee staged a reversal of her former apathy towards the fate of those whose savings had disappeared amid the collapse of the deposit-taking Saradha Group. Having said on Monday that "what has gone, has gone", Banerjee on Wednesday announced a 10 percentage point hike in value-added tax (VAT) on tobacco...

-The Indian Express Chit fund scams shine the light on the need to overhaul the financial regulatory architecture Cases of semi-regulated or unregulated entities making unrealistic promises to consumers are roiling the financial landscape. It is high time the government sees the pattern and undertakes fundamental change. The search for a solution must factor in two realities. The first is the failure of the formal regulated financial system. The breakdown of present...

-The Hindu Latehar: Last week, two 14-year-old adivasi girls, who had migrated from Khunti district to work in Delhi as domestic help, were found dead in mysterious circumstances, both within two days of each other. On April 19, Jyoti Mariyam Hora died soon after she was brought to the Madan Mohan Malviya Hospital in Delhi's Malviya Nagar. Two days later, Dayamani Guriya, who had studied with Jyoti till class VI and had...