-Down to Earth For RTI activists of Bihar the cost of exposing corruption is life Twenty-year-old Rahul Kumar, a right to information (RTI) activist, knew the land mafia was behind his parents' murder. His mother and father were involved in a land dispute in Muzaffarpur's Sirisia Jagdish village. Barely a week after filing an RTI application to seek information about the murderers, Kumar was kidnapped. A day later, on March 10, 2012,...
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Amul hikes milk price by Rs 2/litre in Delhi-NCR from tomorrow
-PTI NEW DELHI: Milk will be costlier in Delhi- NCR market with leading supplier Amul deciding to increase the rates by Rs 2 per litre effective from Tuesday. "We have decided to raise the milk price in Delhi-NCR region by Rs 2 per litre. The prices have been hiked after 13 months as input cost have increased," R S Sodhi, the Managing Director of Gujarat Cooperative Milk Marketing Federation (GCMMF), which...
More »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...
More »Can legal measures root out chit fund frauds? - Yes -Ramesh K. Vaidyanathan and Anumeha Iyer
-The Hindu Business Line Chit funds, one of India's oldest indigenous financial institutions, are regulated by the Chit Funds Act, 1982, a central statute, and various State-specific regulations. Further, the Securities and Exchange Board of India (SEBI) regulates the operation of ‘collective investment schemes' (Collective Investment Schemes) through the SEBI 1999 Regulations (CIS Regulations). However, Section 11 AA of the Securities and Exchange Board of India Act, 1992 specifically excludes a...
More »Despite minor girl’s testimony, police sit on child sex racket case-Amruta Byatnal
-The Hindu Dhule (Maharashtra): A teenage girl's degrading journey from a small village in Nashik to a brothel here ended in February, but no concrete steps have been taken to ensure that such stories do not repeat. Activists alleged that while the brothel-owners and some of their accomplices were arrested, the police chose to ignore a sex racket involving minor girls that is flourishing in the State. Speaking exclusively to The Hindu...
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