-The Telegraph Kolkata: Proceeds from the Saradha Group kept Bengal police on the move - at least in Baruipur, according to information stumbled upon by investigators into the default scandal. The police have learnt that Arindam Das, an agent who apparently made the highest collections from Baruipur in South 24-Parganas, had gifted two Tata Sumos (WB26R6763 and WB20U6409) to the local police station. "The two SUVs used in Baruipur police station were gifts...
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The Political Economy of Shadow Finance in West Bengal-Subhanil Chowdhury
-Economic and Political Weekly The Saradha group's collapse has possibly bankrupted lakhs of small investors robbing them of their life svaings, and has rendered thousands of its agents jobless. The scam highLIGhts the failure of the government and its regulatory agencies to reign in the mushrooming chit fund companies in West Bengal. It also brings under the scanner the Trinamool Congress' proximity with the tainted group. In the wake of the...
More »Govt's anti-black money dept left toothless -Pradeep Thakur
-The Times of India A year after the UPA presented a white paper on black money in Parliament, spelling out strategy to curb generation of illicit money and preventing its offshore fLIGht, one of the most potent weapons created to tackle the menace and bring offenders to book - theincome tax department's Directorate of Criminal Investigation (DCI) - stands dismantled and powerless. The last search-and-survey operation, better known as I-T raids,...
More »JK unable to fully utilize NBA funds for rural sanitation
-Greater Kashmir Jammu: Notwithstanding the pitiable condition of rural sanitation across J&K, the state government has not been able to utilize generous central funding under Total Sanitation Campaign (TSC), which has now been renamed as Nirmal Bharat Abhiyan (NBA), in the past three years. In the year 2010-11, out of total available funds of Rs 2373.18 lakhs, the concerned state government agencies could expend only Rs 1715.26 lakhs. The situation noticed a...
More »Darkness right under Nitish’s nose: Village that has never seen power-Anand Raj
-The Telegraph YOGAPUR (Patna): Chief minister Nitish Kumar wants "LIGht" in every household but there is darkness right under his nose. Barely 30km off Patna, Yogapur's inhabitants - mostly Mahadalits, Dalits and backward classes whom Nitish has tried his best to empower - have never seen power (electricity) in their village. The chief minister has vowed not to seek votes in the 2015 elections if his power dream tripped. But, it seems, there...
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