-The Business Standard A trail of unfulfilled promises follow her in rural and urban Bengal The furious letter-writing since 2010 about the chit fund industry in West Bengal suggests that everyone knew the industry was going to implode. Bengal has one of the highest rates in small savings, Trinamool Congress (TMC) leader Somen Mitra wrote to the prime minister in 2011. The state buys the highest number of new life insurance policies, and...
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Saradha chit fund mess: Quick-rich dreams lie crushed -Krishnendu Bandyopadhyay
-The Times of India DAKSHIN BARASAT (South 24-Parganas): Every other house in this part of Bengal has a rags-to-riches-to-rags story. Saradha Group showed them a dream that was unbelievable when it lasted. But then reality struck a hard, bitter blow. Sixty-year-old Dulal Chandra Gharami walked back home tense on Monday afternoon. He was summoned to the Trinamool Congress office at Beliadanga, where he was asked to cough up protection money. For last four...
More »Chits come home to roost
-The Telegraph Calcutta: From Mamata Banerjee's backyard in Harish Chatterjee Street to Contai in East Midnapore, a contagion of protests is spreading in several parts of Bengal. Funds collection agents of the Saradha Group are besieging the seats of power with appeals to step in and avert a run on the chit fund-fuelled company since the Trinamul government was seen as the undeclared gilt-edged guarantor during the good times. Trinamul lent credence to...
More »CM launches housing scheme for rural poor
-The Indian Express Lucknow: The Akhilesh Yadav government today launched the Dr Ram Manohar Lohia Gramin Awas Yojna by distributing Cheques of the first instalment of financial assistance promised to the rural poor for constructing pucca houses under the scheme. According to the scheme, the state government will provide Rs 1 lakh to rural poor who do not own a pucca house. The state government will give an additional Rs 15,000...
More »In Dhule, the struggle for identity manifests as violence
-The Hindu The influx of 2.5 lakh Muslims after the 2008 constituency delimitationled to insecurity among Hindus in Dhule, claims social activist Almost two months since six people were killed after communal violence in the north Maharashtra district of Dhule, the aggressive-yet-vulnerable countenance of the town has resurfaced. Citizens, both Hindu and Muslim, reveal that behind the volatility is the small town’s neglected struggle for an identity. A small fight at a local...
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