-The Economic Times Successful implementation of the Food Security Bill will leave more savings in the hands of rural and urban below poverty line (BPL) households, enabling them to spend on health, education and nutritious food, a study said on Monday. The implementation of the Food Security Bill could also generate additional savings of around Rs 4,400 this year for every beneficiary household in some states, the report said. The savings would arise...
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In story of Saradha's crores, Bengal's forgotten hundreds -Madhuparna Das
-The Indian Express West Bengal is not new to chit fund scams. What is unique to the Saradha Group scandal is how it targeted the poorest and the most marginalised, leaving them on the verge of devastation. From 17-year-old agents who raised money from depositors to 50-year-old widows who invested money, the Saradha Group didn't discriminate in roping them in. Since the house of cards started collapsing, two agents and two...
More »PM says unauthorized deposit collection has to be curbed
-The Times of India Prime Minister Manmohan Singh said on Saturday that unauthorized collection of deposits promising high returns has to be curbed as the Centre unleashed a multi-agency probe on chit funds and money pooling firms in West Bengal and the eastern region. Rattled by the collapse of the Saradha group in West Bengal, the Centre has asked various agencies such as the Enforcement Directorate (ED), Income Tax department, the ministry...
More »Saradha chit fund scam: West Bengal, Northeast hot-bed of investment frauds; NRIs major target
-PTI Amid a raging controversy over alleged cheating of gullible investors by Saradha group, the regulators have found that West Bengal and North-Eastern states have become a hot-bed of such frauds and NRIs from these regions account for a large chunk of defrauded people. While the Centre has announced an SFIO ( Serious Fraud Investigation Office) probe into the affairs of Kolkata-based Saradha group and other such entities across the country,...
More »Celebrating women who won against all odds
-The Hindustan Times Real Heroes, a CNN-IBN initiative in partnership with Hindustan Times, celebrates the extraordinary service of India's ordinary citizens every year. This year, the awards will felicitate 13 women who fought hard and conquered all obstacles to make a difference. Today we share four such stories. * Bhanwari Devi It's a name that's synonymous with the women's movement in India. And yet justice continues to elude Bhanwari Devi. Brutally raped in 1992 for reporting...
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