-The Hindu Kolkata: In a setback to the Mamata Banerjee government, the Calcutta High Court on Friday directed that panchayat polls in 17 districts be held in three phases with the government fully compensating the shortfall in security forces to the satisfaction of the State Election Commission. Justice Biswanath Somadder rejected the government's arguments on all the contentious issues in its writ petition and directed that it inform the Commission of...
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Mamata proposes govt-sponsored deposit-taking scheme-Probal Basak
-The Business Standard The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds Kolkata: West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide a secured saving option to the rural people of the state as an alternative. "To provide proper facility in the wake of growing financial insecurity, we are thinking of a social...
More »Left leaders meet PM, FM, seek CBI probe in chit fund scam
-PTI NEW DELHI: Leaders of Left parties today met the Prime Minister and the Finance Minister and sought a CBI probe into the ponzi scam in West Bengal and stringent measures to tackle fraudulent money pooling activities. The Left parties have been demanding a CBI probe alleging that the Mamata Banerjee government was opposed to such an investigation as it would reveal links of her party with the prime movers of the...
More »In recent times, every scam’s trail has led to dubious deals in real estate -Ravi Teja Sharma & Viney Sharma
-The Economic Times NEW DELHI and CHANDIGARH: It is not without reason that the quintessential real estate firm has become the epicentre in all scams in India in recent times. From Satyam to 2G, Vadra to Saradha and now Railgate - every scam's trail leads to fraudulent investments and dubious deals in the real estate sector. Not only does the barely regulated sector allows rampant transactions in black money allowing scamsters...
More »Banks under fire for Saradha mess -Srikumar Bondyopadhyay
-The Times of India Kolkata: It's not only Cobrapost that seems to be stinging public sector banks. State-owned banks have come under fire and are accused of being hand-in-glove with willful defaulters like Ponzi kingpin Sudipta Sen. In a 25-page statement that the CBI deems a confession, Sen has detailed how he acquired Global Automobiles, a company with a bank debt of Rs 186 crore. Formed in 2005, the company's owner Shantanu...
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