-The Hindu Neha Khator narrates the story of an NGO that transformed a backward village into a bustling city, with funds, of course, but also by fostering a sense of duty in its residents. Vimla Kanwar, a 70-year-old widow, had a problem. After her husband, a handloom yarn spinner, died of cancer, the officials at the Khadi Gram Udyog took away his charkha. Concerned about finding a means of survival at her...
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Mandatory CSR in India: A Bad Proposal-Aneel Karnani
-Stanford Social Innovation Review Looked at from the perspective of the political right, and the left, and the center, the proposed law making CSR mandatory is a really bad idea. Companies all over the world are under increasing pressure to demonstrate that they are responsible citizens, with about 70 percent of large companies in Europe and the Americas reporting on their corporate social responsibility (CSR) initiatives. Despite this, the very concept...
More »Karnataka sees maximum cases of voter inducement-J Balaji
-The Hindu The Election Commission has filed 2,655 FIRs in various police stations of Karnataka under Section 171B of the Indian Penal Code relating to bribery in view of Rs. 24.52 crore cash, gift articles including saris and watches, and liquor seized during the run up to the just concluded Legislative Assembly poll in the State. Informed sources said this was one of the highest numbers of FIRs registered by the poll...
More »Purti group allegedly evaded tax worth Rs. 7cr: I-T dept
-PTI The Income Tax department has detected alleged tax evasion to the tune of Rs. 7 crore in the business transactions of Purti group of companies related to former BJP president Nitin Gadkari. Probing the alleged dubious transactions of the Purti Power and Sugar Limited (PPSL) since last year, the department has completed assessments pertaining to the last two financial years and has found evasion to the tune of more than Rs....
More »In story of Saradha's crores, Bengal's forgotten hundreds -Madhuparna Das
-The Indian Express West Bengal is not new to chit fund scams. What is unique to the Saradha Group scandal is how it targeted the poorest and the most marginalised, leaving them on the verge of devastation. From 17-year-old agents who raised money from depositors to 50-year-old widows who invested money, the Saradha Group didn't discriminate in roping them in. Since the house of cards started collapsing, two agents and two...
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