-The Indian Express New Delhi/ Kolkata: Chit fund 'kingpin' names politicians from Bengal, Assam in letter to CBI. Sudipta Sen, promoter of Saradha Group, has claimed that Trinamool Congress's Rajya Sabha members Kunal Ghosh and Srinjay Bose assured him that his business interests will be protected "as they have a very close connection" with Chief Minister Mamata Banerjee. In an 18-page letter to the CBI, Sen has alleged that a number of politicians...
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Consumers face fresh power tariff hikes -Utpal Bhaskar and Aman Malik
-Live Mint Government rejects coal price pooling, moves closer to allowing projects assured Fuel linkages by CIL to import coal The government rejected a proposal to pool coal prices and instead moved a step closer to allowing power projects that had been awarded through competitive bidding and assured Fuel linkages by state-owned miner Coal India Ltd (CIL) to import the Fuel and pass on the incremental costs as higher electricity tariffs. Price pooling...
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 »Centre for incentivising use of clean energy, says Montek
-The Hindu Says potential and implications of shale gas policy need to be examined The government was all for creating a viable and competitive domestic production base and incentivise use of clean energy in the country, Deputy Chairman of the Planning Commission Montek Singh Ahluwalia said at the fourth Clean Energy Ministerial here on Wednesday. Efforts were on to encourage domestic production and usage. "We are interested in incentivising the use of...
More »Land 'grabs' expand to Europe as big business blocks entry to farming-John Vidal
-The Guardian Land rights not just issue for developing world as report shows public subsidies help a few firms 'grab' vast tracts of EU land Vast tracts of land in Europe are being "grabbed" by large companies, speculators, wealthy foreign buyers and pension funds in a similar way to in developing countries, according to a major new report. Chinese corporations, Middle Eastern sovereign wealth and hedge funds, as well as Russian oligarchs and...
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