-Live Mint West Bengal chief minister dashes Saradha depositors' hopes of any immediate state-assisted recovery Kolkata: What has gone, has gone," West Bengal chief minister Mamata Banerjee told depositors of the Saradha Group, dashing their hopes of any immediate state-assisted recovery of dues from the floundering units of the group that collected the money. Banerjee launched two separate investigations and promised to introduce a new law to deal firmly with fraudulent financial...

-Hard News While Narendra Modi's apologists will selectively quote from the latest CAG audit report on state finances that revenue earning has registered an upswing, they will compulsively forget that "the fiscal deficit of Rs 11,027 crore in 2011-12 was met out from a net borrowing of Rs 15,083 crore". The CAG has remarked that "an increase of 41 per cent in the market borrowing in 2011-12 over previous year for...

-The Telegraph Guwahati: Gauhati High Court today said cases of fraud against dubious deposit collecting companies should be probed in a time-bound manner, while their victims' deposits should be refunded using the cash and properties of these firms seized by police. The court stated this during the first hearing of a suo motu PIL (15/2013) it had recently taken up against companies which collect huge deposits from the public by offering lucrative...

-The Telegraph Since I belong to the Left, I know I am likely to be prejudiced against Mamata Banerjee. I try to guard against this prejudice. I try not to let my overall political stance colour my judgment of particular events associated with her. For the last several days, therefore, I have tried to ignore the attacks on Communist Party of India (Marxist) offices in West Bengal in the wake of the...

-The Hindu Bangalore: Byatarayanapura Assembly constituency that was carved out from Yelahanka ahead of the previous Assembly elections has become a hot destination for real estate developers. Its proximity to the international airport and the six-lane highway that passes through this constituency providing smooth connectivity to the central parts of the city have put real estate development on a fast track here. But this has unleashed its ugly impact as real estate...