-Live Mint Almost two decades after the Panchayati Raj Act was notified, a key aim of the legislation remains unfulfilled Papapatti/Madurai district: S. Muruganadam, 38, is the Dalit president of the Papapatti village panchayat in Madurai district and a post-graduate in political science. His term ends in 2016 and he has made up his mind not to run for re-election. "I think a panchayat president's post is an important post because only he...
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Saradha Group donated heavily to Trinamool govt, bought Mamata's art -Madhuparna Das and Subrata Nagchoudhury
-The Indian Express Kolkata: When the Saradha Group's Bengali daily Sakalbela began publication, Mamata Banerjee sent her best wishes. It was more than a customary greeting. It was an impassioned message that seemed to have come from the chief minister's heart. "We will have to pass the dark night to begin our journey in the light of dawn," she said. "An alert conscience, right direction, truth and fearless news is what people...
More »The fall of Saradha group revives old ghosts of ponzi schemes going bust -Atmadip Ray
-The Economic Times For many, it is a sense of deja vu. Fifteen years ago, the government and India's financial regulators came under fire after hundreds of crores were cleaned up by a few individuals and entities from gullible investors, who were promised fabulous returns from plantation schemes. In the uproar that followed, the government and the regulators sought to palm off the responsibility of regulation of such schemes on each...
More »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 »Govt plans to open all-women Post Offices in rural areas
-PTI New Delhi: The government is planning to open all-women Post Offices in rural areas where working women are available in good numbers. "We want to open such Post Offices in other parts of the country as well. The Department (of Posts) decides where women are available and doing jobs. If you go in to rural areas, you would not be able to find a (big) number. We will start with...
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