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Ponzi scam: Over 150 petitions found on rail track

-PTI Burdwan (WB): About 150 sheets, allegedly copies of petitions filed by depositors related to the Saradha chit fund scam, were found on the side of rail tracks between Kalna and Guptipara stations of Eastern Railway's Howrah-Burdwan section on Sunday. GRP sources said about 150 papers, claimed to be petitions of depositors from Murshidabad and Jharkhand, were spotted ying on the sides of the rail track at Purbo Satgachia station by local...

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Thieves cost Indians Rs. 35,000 cr in a decade-Sneha Agrawal and Mohit Sharma

-The Hindustan Times   Indians lost valuables worth Rs. 35,257 crore to thieves, robbers and cheats in the past 10 years, reveal statistics of the National Crime Records Bureau for 2002-2011. That is equivalent to the Delhi government's annual budget or what it last year took to run the national rural employment guarantee scheme which benefited 4.8 crore households. The national average for recovery was just about 20% ( Rs. 7,953 crore) of the...

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In the Name of the Greater Good-Gopalkrishna Gandhi

-The Telegraph A village awaits doomsday By Jaideep Hardikar, Penguin, Rs 299 Why is the year, 2011, important? It is important for some states like West Bengal and Tamil Nadu, for it marked a change of government. But it is important, nationally, for the reason that 2011 was a census year. The data for Census 2011 has come, recently, into the public domain - which shows that our farmer population is shrinking....

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Depositors from outside add to complaint pile

-The Indian Express Kolkata: AMONG the 6.25 lakh complaints received by Justice Sen Commission, which has been set up by the West Bengal government to inquire into the Saradha Group and other chit fund scams and also to look into ways to return money to investors, many have been submitted by people from other states where the firms were operating. "Since the West Bengal government is the only state government that has...

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Sugar at ration shops may dry up in 15 states next month-Indivjal Dhasmana

-The Business Standard   States yet to invite tenders after partial decontrol of sugar was implemented Partial decontrol of sugar might augur well in the long run but not before giving teething troubles. Sugar supplies in ration shops of around 15 states might end from June 1, as these states have not started inviting tenders for supply, as is required under a new mechanism. Officials said only Andhra Pradesh, Kerala, Tamil Nadu, Goa, Madhya Pradesh,...

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