-The Hindustan Times The sorry plight of thousands of small savers duped by a deposit-collecting firm in West Bengal is, perhaps, symptomatic of a wider malaise that runs deep in the Indian economy. What if a company asked you to invest Rs. 200,000 and promised to give you Rs. 8,000 a month for five years and a swanky sedan at the end of the fifth year? What if a company asked...
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Saradha group boss held in Kashmir, BJP wants CBI to probe chit funds
-PTI Srinagar: The Jammu & Kashmir Police on Tuesday detained Saradha group chairman & managing director Sudipto Sen and a director of the company from Sonamarg, where they had fled after their Calcutta-based chit fund business collapsed last week leaving thousands of depositors and agents stranded. "We have detained Sudipto Sen and Debjani Mukherjee, chairman-cum-managing director and a director of the Saradha group respectively, and Arvind from Sonamarg," the inspector general of...
More »Shinde pushes for NCTC again-Sandeep Joshi
-The Hindu "We are trying to strengthen the humint component " Amid indications of no major headway in last week's blast outside the State Bharatiya Janata Party (BJP) office in Bangalore, Union Home Minister Sushilkumar Shinde on Monday again pushed for the controversial National Counter Terrorism Centre (NCTC) that would strengthen intelligence set up of the States. "We are trying to strengthen the ‘humint' (human intelligence) component in our intelligence agencies. That will...
More »2G scam: JPC clears Manmohan Singh, Chidambaram; pins Rs 40,000 crore loss on NDA
-The Times of India Prime Minister Manmohan Singh has been given a clean chit by the Joint Parliamentary Committee on telecom which rubbished CAG's Rs 1.76 lakh crore loss calculations in the 2G scam but slammed the Vajpayee government for Rs 40,080 crore loss due to a policy shift in 1999. The committee - headed by Congress MP P C Chacko - in its draft report pinned the 2G blame on former...
More »No more clean chits
-The Hindu The dark cloud of 1984 still hangs low over senior Congress leader Jagdish Tytler, but despite a judicial inquiry's findings against him in 2005, no credible prosecution of the former minister has been launched to date for his alleged role in instigating the anti-Sikh massacres that took the lives of nearly 3,000 innocent persons in the aftermath of the assassination of Indira Gandhi. The Central Bureau of Investigation...
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