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Panel probing Walmart’s lobbying charge submits report

-The Hindustan Times A government-appointed committee that was looking into allegations of US retail major Walmart's lobbying activities to enter the Indian market has submitted its report to corporate affairs minister Sachin Pilot on Saturday. "The report has just been submitted, the minister would go through it," said a senior corporate affairs ministry. There were reports that the committee has given Walmart a clean chit but it could not be independently verified. The committee,...

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Tribals set to decide Vedanta project’s fate -Nitin Sethi

-The Times of India NEW DELHI: The villages of Dongriya Kondh tribals around Odisha's Niyamgiri hills are likely to simmer again as the Centre and the state government along with civil society groups are planning to converge on the site for the proposed Vedanta bauxite mine. The Supreme Court order has left it to the villagers to decide the fate of the Vedanta project, and the call revolves on whether the venture...

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Saradha effect: investors seek return of deposits from companies

-The Hindu Kolkata: The agitation against fraudulent deposit-taking companies continued to spread in the State with the police intervening in some places to prevent the situation spinning out of control. There were instances of agents heckling investors. Demanding that their money be returned, a group of investors protested outside one of the companies at Lake Town near the city on Saturday. At Salt Lake nearby, another company faced the ire of anguished...

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Rules against chit funds stuck in Delhi-Amit Gupta

-The Telegraph Ranchi: Sluggish economy and soaring personal aspirations are teaming up to create fertile ground for quick-rich chit fund schemes and non-banking finance companies such as the now-infamous Saradha to mushroom, but rules to give Jharkhand investors the much-needed safety net are hanging fire since over a year. Jharkhand Assembly had early last year forwarded rules framed by the state's institutional finance department for the President's consideration under The Chit Funds...

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Different schemes built on different structures -Vinod Kothari

-The Hindu Even as thousands come to terms with the loss of life savings in the West Bengal "chit funds," it is interesting to find politicians promising new stern laws against such funds. Absence of laws is the least of the reasons for such schemes flourishing in the State. We are not short of such laws - in fact, we have plenty of laws that prohibit such schemes and provide for...

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