-The Telegraph Calcutta: Mamata Banerjee was staring at her darkest night in power after the chief minister shunted out police commissioner R.K. Pachnanda for ignoring the ruling party’s diktats and earned a damning rebuke from the governor. A crackdown that netted several Trinamul supporters and brought the police within striking distance of bigger fish during investigations into the murder of sub-inspector Tapas Chowdhury was said to be the immediate trigger for the...

-The Telegraph It is the time for West Bengal to create landmarks. First, the denial of a rape; second, the arrest of an academic for circulating a cartoon; third, a public circus with the winners of the Indian Premier League; fourth, the mimicry of the prime minister on television; fifth, the announcement of sop after sop even though the state is bankrupt; sixth, the announcement in the hills of being “rough...

-The Times of India MUMBAI: Market regulator Sebi on Wednesday cracked down on the retail-to-financial services Sahara group and ordered the attachment of all assets of two Sahara group firms, besides freezing their bank accounts and those of their promoters and directors including that of group head Subrata Roy. Sebi's crackdown on the two Sahara group firms—Sahara Housing Investment Corp and Sahara India Real Estate Corp — comes exactly a week after...

-The Economic Times Cash transfer in various forms has been used in many countries to target support to the poor and achieve social objectives. In India, its introduction has generated more passion than rational debate. The scheme is not a magic bullet, but if properly implemented and targeted, cash transfer is a very sensible instrument of social assistance. In India, the rationale for introducing the scheme seems to be to check...

-The Times of India MUMBAI: India Inc has had to wait for nearly three years for the government to roll out the rules relating to the functioning of electoral trusts. The rules have been recently notified and come into effect from January 31, 2013. The 2009 Budget had introduced provisions relating to electoral trusts in the Income-tax Act. It provided for tax exemption to electoral trusts which distribute contributions to political parties,...