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For the people, by the people-Neha Khator

-The Hindu   Neha Khator narrates the story of an NGO that transformed a backward village into a bustling city, with funds, of course, but also by fostering a sense of duty in its residents. Vimla Kanwar, a 70-year-old widow, had a problem. After her husband, a handloom yarn spinner, died of cancer, the officials at the Khadi Gram Udyog took away his charkha. Concerned about finding a means of survival at her...

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Uniting the Nation: Asghar Ali Engineer’s Struggle for Preservation of Plural Ethos-Ram Puniyani

-Countercurrents.org   The events of last over two decades have shown us, more than before that the efforts of dividing the nation by communal forces have been a major obstacle to social peace and process of development. In India while the communal violence began with the Jabalpur riot of 1961, it is from last couple of decades especially from 1980s that the divisive politics has tried to drive a wedge between different...

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Services sector contributes Rs 2.98 lakh crore to Delhi's GDP

-PTI NEW DELHI: The services sector contributed a whopping Rs 2.98 lakh crore to Delhi's gross domestic product (GDP) of Rs 3.65 lakh crore in 2012-13, keeping its position as the main driver of the city's economy. The services sector, which includes real estate, Hotels, restaurants, banking, insurance, wholesale and retail trade, accounted for 81.54 per cent of Delhi's total GDP in 2012-13 compared to an 81.62 per cent contribution in 2011-12,...

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Different schemes built on different structures -Vinod Kothari

-The Hindu Even as thousands come to terms with the loss of life savings in the West Bengal "chit funds," it is interesting to find politicians promising new stern laws against such funds. Absence of laws is the least of the reasons for such schemes flourishing in the State. We are not short of such laws - in fact, we have plenty of laws that prohibit such schemes and provide for...

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SEBI digs deeper, chit scam gets bigger -P Vaidyanathan Iyer

-The Indian Express Kolkata: Saradha Realty Ltd, which has gone bust now, may be just the beginning of the unfolding of a deeply entrenched Ponzi scheme network involving dozens of other companies in West Bengal, some of which also wield considerable media power given their ownership of television channels and newspapers. According to information available with the union corporate affairs and finance ministries, six companies, against whom market regulator Securities and Exchange...

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