-The Hindu We'll have to make ‘some compromises,' to pass the Bills: govt. sources The UPA government had hoped to push its social welfare agenda through in Parliament by legislating on food security and land acquisition. Instead, just five days into the second half of the ongoing budget session, it is engaged in damage control, trying to put out three fires simultaneously - the coal blocks' allocation issue, the 2G JPC imbroglio...
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Normal monsoon may give UPA some help
-The Times of India Rains could bring some relief to the UPA in the pre-election year with the meteorological department on Friday projecting a countrywide normal monsoon for 2013. The forecast should allay government's fears of food inflation jumping again over the 10% mark after being only partially tamed in the last quarter of the financial year. The weather office said that rainfall would be within the normal range - 98% of...
More »Music to govt ears: Sen sings ‘CPM’
-The Telegraph Kolkata: Arrested Saradha Group chief Sudipta Sen, the architect of the default crisis in Bengal, has said he had approached several CPM leaders over his business, police said. Sen, who was brought to Calcutta late last night and kept in police custody before his court production this afternoon, has told the police he had met a CPM state committee member in 2008 over a possible investment in a news channel...
More »SEBI digs deeper, chit scam gets bigger -P Vaidyanathan Iyer
-The Indian Express Kolkata: Saradha Realty Ltd, which has gone bust now, may be just the beginning of the unfolding of a deeply entrenched Ponzi scheme network involving dozens of other companies in West Bengal, some of which also wield considerable media power given their ownership of television channels and newspapers. According to information available with the union corporate affairs and finance ministries, six companies, against whom market regulator Securities and Exchange...
More »Saradha crisis: Mamata hikes VAT on tobacco for relief fund- Romita Datta
-PTI Mamata Banerjee stages reversal of former apathy towards fate of those affected by Saradha Group demise Kolkata: West Bengal chief minister Mamata Banerjee staged a reversal of her former apathy towards the fate of those whose savings had disappeared amid the collapse of the deposit-taking Saradha Group. Having said on Monday that "what has gone, has gone", Banerjee on Wednesday announced a 10 percentage point hike in value-added tax (VAT) on tobacco...
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