-The Times of India KOLKATA: Bengal is sitting on a powder keg. And the fuse could well have been lit on Friday as a 33-year-old agent of Saradha Group, a Chit fund company that has gone bust, committed suicide being unable to pay his depositors while over 3,000 agents laid siege to chief minister Mamata Banerjee's residence in protest against the lockdown. The turn of events has triggered fears of a repeat...
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Chits come home to roost
-The Telegraph Calcutta: From Mamata Banerjee's backyard in Harish Chatterjee Street to Contai in East Midnapore, a contagion of protests is spreading in several parts of Bengal. Funds collection agents of the Saradha Group are besieging the seats of power with appeals to step in and avert a run on the Chit fund-fuelled company since the Trinamul government was seen as the undeclared gilt-edged guarantor during the good times. Trinamul lent credence to...
More »In teary spectacle on TV, the crisis of Bengal's 'Chit fund media' -Subrata Nagchoudhury
-The Indian Express On Monday, the Bengali new year's day, viewers who tuned into Bengali music channel Tara Muzik witnessed a spectacle never seen before on Indian TV. Anchors of the channel and independent artistes called in to present Barsha Baran, a programme to celebrate the new year 1420, wept copiously on camera while announcing that the channel, facing an unprecedented "crisis of survival", was shutting down. Hundreds of viewers commiserated with...
More »25% RTE quota: Government stares at inflated bill- Prashant K Nanda
-Live Mint Reimbursing schools that reserve 25% seats for underprivileged children may end up costing the govt about Rs.16,000 cr The central government is faced with the prospect of a large bill to pay for the implementation of one of the key elements of the right to education (RTE) legislation-reimbursing private schools that reserved 25% of their seats for underprivileged children-even as the 31 March deadline for most of the law's other...
More »Delhi lacks basic services: CAG report-Devjyot Ghoshal and Ruchika Chitravanshi
-The Business Standard CAG state audit report NCT has also unearthed a glaring lack of planning cutting across projects, sectors It may be India's capital city, but behind the New Delhi's storied corridors of power and flush coffers, the metropolis is a difficult mess for the ordinary citizen. The Comptroller and Auditor General's (CAG) state audit report for the National Capital Territory (NCT) of Delhi government has unearthed a series of significant shortcoming...
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