-Live Mint It's obvious that Indian experience with local governance is not what it should have been, but a change is underway Later this week, the country will celebrate the 20th anniversary of the constitutional amendments that made it mandatory for the creation of panchayats-the village-level bodies that deliver self-governance. Most may not be aware that this could well have been the eve of its 25th anniversary, but for the three-vote defeat...
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Bengal in damage control, Saradha Group bust brings memories of '80s
-PTI KOLKATA: The West Bengal government has stepped in for damage control after chit fund company Saradha Group went bust reviving memories of the collapse of Sanchayita Investments in the early eighties when several investors and agents committed suicide. Sanchayita collected more than Rs 120 crore in 1980 before its offices were raided and it folded up with only a handful of people getting back a minuscule amount of money. Two main...
More »'Jobless growth' during UPA-1, admits Centre -Rajeev Deshpande
-The Times of India Some 20 months after hotly contesting data on UPA-1's "jobless growth", the government has admitted to lack of substantial increase in employment between 2004-05 and 2009-2010, with the self-employed workforce shrinking from 56.4% to 50.7% of the total workforce. In absolute numbers, the self-employed decreased from 258.4 million to 232.7 million in this period while regular salaried workers rose from 69.7 million to 75.1 million. The ranks of...
More »WB govt plans crackdown to tackle chit fund scam -Sumanta Ray Chaudhuri
-The Hindustan Times A day after the police seized Saradha Group chairman Sudipta Sen's property and froze his bank accounts for duping thousands of people with his chit-fund money-trap, a PIL was filed in Calcutta high court petitioning the court to order a CBI enquiry into the Saradha Group. Income Tax officials and Left MPs have also decided to nail all those involved with the dubious firm. While the Income-Tax department is planning...
More »2G scam: JPC clears Manmohan Singh, Chidambaram; pins Rs 40,000 crore loss on NDA
-The Times of India Prime Minister Manmohan Singh has been given a clean chit by the Joint Parliamentary Committee on telecom which rubbished CAG's Rs 1.76 lakh crore loss calculations in the 2G scam but slammed the Vajpayee government for Rs 40,080 crore loss due to a policy shift in 1999. The committee - headed by Congress MP P C Chacko - in its draft report pinned the 2G blame on former...
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