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Cabinet approves amendments to Multi-State Co-operatives Bill-Gargi Parsai

-The Hindu   Changes provide for the revival of sick societies The Union Cabinet on Thursday approved moving official amendments to the Multi-State Co-operative Societies (Amendment) Bill, 2010 which is pending in the Lok Sabha. Among other provisions, the amendments provide for revival of sick societies. The moving of official amendments ensures that the provisions of the Bill were in conformity with the provisions of the Constitution (97th Amendment) Act, 2011, the government said. An...

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Chit fund scam: Calcutta High Court to hear pleas seeking CBI probe -Sindhu Manjesh

-NDTV Kolkata: The Calcutta High Court will today hear two Public Interest Litigations or PILs demanding a Central Bureau of Investigation (CBI) investigation into the Saradha chit fund scam that has wiped out the savings of lakhs of small investors. One of the petitions was filed by a lawyer last week and the court had asked the West Bengal government to file an affidavit by Thursday which it has done. The Mamata Banerjee...

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Building euphoria-Himanshu Upadhyaya

-Frontline   But in Modi's Gujarat the difference between development and darkness is all too visible to those who care to see. NARENDRA MODI may have won three consecutive elections and ruled Gujarat for more than a decade after he was posted there almost as a night watchman, to borrow a cricketing expression. He may have mobilised a massive fan following that is shouting to catapult him into the Prime Minister's post,...

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Amul hikes milk price by Rs 2/litre in Delhi-NCR from tomorrow

-PTI NEW DELHI: Milk will be costlier in Delhi- NCR market with leading supplier Amul deciding to increase the rates by Rs 2 per litre effective from Tuesday. "We have decided to raise the milk price in Delhi-NCR region by Rs 2 per litre. The prices have been hiked after 13 months as input cost have increased," R S Sodhi, the Managing Director of Gujarat cooperative Milk Marketing Federation (GCMMF), which...

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Saradha-hit govt plans ordinance teeth for Sebi -Subhomoy Bhattacharjee

-The Indian Express New Delhi: Stung by the Saradha episode, the government has decided to drastically amend legislation governing the market regulator's power to police chit fund companies. The finance ministry will push for the legislation to be cleared in the current session of Parliament and, if that fails, to issue an ordinance immediately afterward. Government managers believe the explosion of Ponzi schemes in West Bengal and in Uttar Pradesh is enough...

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