-The Indian Express Kolkata: When the Saradha Group's Bengali daily Sakalbela began publication, Mamata Banerjee sent her best wishes. It was more than a customary greeting. It was an impassioned message that seemed to have come from the chief minister's heart. "We will have to pass the dark night to begin our journey in the light of dawn," she said. "An alert conscience, right direction, truth and fearless news is what people...

-The Telegraph Kolkata: Arrested Saradha Group chief Sudipta Sen, the architect of the default crisis in Bengal, has said he had approached several CPM leaders over his business, police said. Sen, who was brought to Calcutta late last night and kept in police custody before his court production this afternoon, has told the police he had met a CPM state committee member in 2008 over a possible investment in a news channel...

-The Times of India SURAT: Tribals of five villages in Tapi district's Valod taluka are on a fast-unto-death at Kosambia village on the Bank of Purna river since April 17. They are demanding a check on illegal mining of stones from the Banks of Valmik and Ambika rivers and illegal operation of stone quarrying at Kosambia village and strict implementation of The Panchayat (Extension to Scheduled Areas) Act. The agitators said...

-The Hindu The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still possible for unscrupulous promoters to design and operate Ponzi schemes built around promises of extraordinary returns that are clearly unsustainable. Such schemes depend upon a steady stream of fresh deposits...

-The Hindu Dehra Dun: The Uttarakhand Government would request the Centre to review the notification on eco-sensitive zone between Gomukh and Uttarkashi as its implementation would adversely affect all development activity and economic progress of the region. Briefing newspersons after a high-level meeting at the Secretariat here on Thursday, Chief Secretary Alok Kumar Jain said it had been decided to seek a review by the Centre after discussing the legal aspects, adverse...