-The Indian Express Kolkata: Saradha Group CMD Sudipta Sen has sent an 18-page letter to the CBI containing names of several key politicians, officials and legal experts who allegedly milked the company for money. The letter, which reached the CBI in Delhi as Sen remained at large, was forwarded by the agency to its office in Kolkata, and it was subsequently referred to the Bidhannagar police commissionerate. Bidhannagar police commissioner Rajeev Kumar received...
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The fall of Saradha group revives old ghosts of ponzi schemes going bust -Atmadip Ray
-The Economic Times For many, it is a sense of deja vu. Fifteen years ago, the government and India's financial regulators came under fire after hundreds of crores were cleaned up by a few individuals and entities from gullible investors, who were promised fabulous returns from plantation schemes. In the uproar that followed, the government and the regulators sought to palm off the responsibility of regulation of such schemes on each...
More »Sahara India under EPFO scanner for payment defaults-Surabhi
-The Indian Express Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees' Provident Fund Organisation (EPFO) in the country. Five of the group firms including Sahara India Financial Corporation and the former Sahara Airlines are part of the top 50 companies in the country that have defaulted on depositing...
More »Soon, voter ID cards to get a sleek makeover -Bharti Jain
-The Times of India The humble elector's photo identity card - commonly called voter EPIC - is getting a sleek makeover. The laminated paper cutout, with a rather grainy black and white photograph, is set to transform into a shiny, plastic card with a colour photo of the voter, just like a driving licence. "The plastic card will be more aesthetic and durable. It, will, however, not be a smartcard like the...
More »Let's help realise the vision of Ambedkar for Dalits-Anurodh Lalit Jain
-The Hindu Action, not just offering flowers, will be the real tribute As the nation pays tribute to Dr. B.R. Ambedkar on his 122 birth anniversary (April 14), one would realise that much more remains to be done to achieve his aim of social equality for the suppressed classes. A principal architect in drafting the Constitution, he made significant efforts at giving political rights and social freedom to Dalits. However, till date,...
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