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Mamata's nephew a party to Ponzi schemes: CPM

-The Hindustan Times Demanding a CBI inquiry into Saradha Group financial scam, CPI(M) has accused chief minister Mamata Banerjee's nephew of being involved in Ponzi schemes. "Mamata Banerjee's nephew Abhishek Banerjee, who is the Leader of Trinamool Youth Congress, runs a company which is involved in real estate and micro-finance and has made a huge amount of money in the last two to three years. Its turnover has skyrocketed to 300 crores...

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Weathering forecasts

-The Hindu Business Line The IMD should be conferred autonomous status so that it functions along professional lines, without worrying about political correctness. Given how awry its forecasts in the last couple of years had gone, one can be forgiven for being cynical about the India Meteorological Department's (IMD) prognosis of a ‘normal' South-West monsoon this time. The country's official weather agency has predicted nationwide rainfall during the four-month monsoon season...

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Bacteria are becoming bolder-Dr. Bala Ramachandran

-The Hindu     Antibiotics are often used as an excuse for poor infection control Arjun (name changed) is an 8-year-old boy who was being treated for breathing difficulty in a hospital in one of the southern cities. He had suffered on and off with cough/cold since infancy and had been treated multiple times with antibiotics. His parents were not highly educated and hoped that he would get better as he grew older. This...

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CBI verdict wait for Kunal

-The Telegraph Calcutta: Trinamul MP Kunal Ghosh's future in the party is expected to be decided after Calcutta High Court rules on two petitions by Saradha depositors seeking a CBI probe into the sham deposit-mobilisation scandal, party sources told The Telegraph. "Our Leaders have been worried since the court indicated on April 25 that it was contemplating a CBI probe," a party source said. "(If action is taken now), Kunal may try to...

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Different schemes built on different structures -Vinod Kothari

-The Hindu Even as thousands come to terms with the loss of life savings in the West Bengal "chit funds," it is interesting to find politicians promising new stern laws against such funds. Absence of laws is the least of the reasons for such schemes flourishing in the State. We are not short of such laws - in fact, we have plenty of laws that prohibit such schemes and provide for...

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