-PTI Kolkata: West Bengal Chief Minister Mamata Banerjee, who has sought to blame the Centre for the chit fund scam, has claimed that the central government reduced the rate of interest in small savings to drive depositors towards ponzi schemes. "It is because the Centre has reduced the interest rates in small savings in the post office, poor people and those who have retired keep their money in these chit funds with...

-The Times of India AHMEDABAD: It was Rajkumar Pandian's day out. The suspended IPS officer who has been Arrested in two of the most sensitive fake encounters of Gujarat - Sohrabuddin Sheikh and Tulsiram Prajapati - was allowed to go home without any police escorts on Sunday night. This nocturnal jaunt was caught on camera by a local news TV channel on Sunday. Before going home, he even spent some time...

-Economic and Political Weekly The Saradha group's collapse has possibly bankrupted lakhs of small investors robbing them of their life svaings, and has rendered thousands of its agents jobless. The scam highlights the failure of the government and its regulatory agencies to reign in the mushrooming chit fund companies in West Bengal. It also brings under the scanner the Trinamool Congress' proximity with the tainted group. In the wake of the...

-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...

-The Hindu Imphal: Rashida Manjoo, U.N. Special Rapporteur on violence against women, its causes and consequences, broke down and wept for a few minutes uncontrollably on Sunday during a consultative meeting here. It was attended by about 200 human rights defenders, families of victims and civil society organisations. The frail mother of Manorama Thangjam, who was Arrested, raped and shot dead allegedly by some personnel of 17 Assam Rifles on July...