-Economic and Political Weekly The Saradha group's collapse has possibly bankrupted lakhs of small investors robbing them of their life svaings, and has rendered thousands of its agents jobless. The scam highlights the failure of the government and its regulatory agencies to reign in the mushrooming chit fund companies in West Bengal. It also brings under the scanner the Trinamool Congress' proximity with the tainted group. In the wake of the...
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Food Security Bill implementation will boost savings in BPL households
-The Economic Times Successful implementation of the Food Security Bill will leave more savings in the hands of rural and urban below poverty line (BPL) households, enabling them to spend on health, education and nutritious food, a study said on Monday. The implementation of the Food Security Bill could also generate additional savings of around Rs 4,400 this year for every beneficiary household in some states, the report said. The savings would arise...
More »The Mamata Banerjee story is over...-Aditi Phadnis
-The Business Standard A trail of unfulfilled promises follow her in rural and urban Bengal The furious letter-writing since 2010 about the chit fund industry in West Bengal suggests that everyone knew the industry was going to implode. Bengal has one of the highest rates in small savings, Trinamool Congress (TMC) leader Somen Mitra wrote to the prime minister in 2011. The state buys the highest number of new life insurance policies, and...
More »Famine sucks life out of Maharashtra's Touring Talkies
-PTI PANAJI: Sitting on the Mandovi river bank here, where he has set up his maiden Goa show of the 107-year-old Touring Talkies, Vijay Kulkarni has mixed feelings. He is excited about the fact that this is the first time time that the Touring Talkies has traveled outside Maharashtra. "But this may be the last time too," says 65-year-old Kulkarni, the owner of Sri Ram Touring Talkies and Vijay Touring Talkies. According to him,...
More »Social protection measures key in fight against child labour, says new UN report
-The United Nations The implementation of social protection measures can play a key role in rescuing minors from occupational bondage, a new report by the United Nations International Labour Organization (ILO) has found. According to the World Report on Child Labour, varying types of social protection measures such as cash transfer schemes, social health protection and providing income security in old age, can help reduce the number of children around the world...
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