-Live Mint Almost two decades after the Panchayati Raj Act was notified, a key aim of the legislation remains unfulfilled Papapatti/Madurai district: S. Muruganadam, 38, is the Dalit president of the Papapatti village panchayat in Madurai district and a post-graduate in political science. His term ends in 2016 and he has made up his mind not to run for re-election. "I think a panchayat president's post is an important post because only...

-The Hindu     Minister relaxed tax benefit-related residency norms for foreign investors Finance Minister P. Chidambaram on Tuesday allayed apprehensions over the imposition of wealth tax on agricultural land within urban area limits to provide a big relief to farmers, especially in Haryana and Punjab. Mr. Chidambaram relaxed the tax benefit-related residency norms for foreign investors routing funds through countries such as Mauritius and lowered the withholding tax rate to five per cent from...

-Live Mint Almost two decades after the Panchayati Raj Act was notified, a key aim of the legislation remains unfulfilled Papapatti/Madurai district: S. Muruganadam, 38, is the Dalit president of the Papapatti village panchayat in Madurai district and a post-graduate in political science. His term ends in 2016 and he has made up his mind not to run for re-election. "I think a panchayat president's post is an important post because only he...

-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...