-The Hindu Chief Minister Mamata Banerjee may be sleeping easy as she has "settled all the issues at hand" on the Saradha scam. Saradha Group promoter Sudipto Sen has been booked and a Rs. 500-crore kitty has been created to make refunds to the depositors. However, no one is clear just how the refunds would be made and whether existing laws permit it. Mr. Sen's bubble may have burst. But the travails...

-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...

-The Telegraph The "Bonzi" edifice, Bengal's version of the fraudulent Ponzi scheme that conned US investors a century ago, is shaking at its foundations. The panic set off by Saradha defaulting on payments has spread to similar schemes run by other firms and triggered protests and attacks on company offices in several parts of the state. These schemes' mostly small-time rural investors have begun to panic about the safety of their hard-earned...

-The Indian Express Quoting from a speech of former British prime minister Tony Blair who compared the media to a “feral beast”, the Delhi High Court on Tuesday recommended the Centre to put in place a “statutory regulatory body” for controlling the electronic media. A bench led by Justice Pradeep Nandarajog rejected the idea of “self-regulation” by the broadcasters, underlining that the absence of state intervention on its own was no guarantee...

-The Hindustan Times Amid raging controversy over regulation of electronic media in India, the Delhi High Court on Tuesday recommended to the government to establish a statutory body to regulate the broadcast media, saying state intervention was necessary. "Absence of state intervention on its own is no guarantee of a rich media environment. On the contrary: to promote a media environment characterized by pluralism and diversity, State intervention is necessary," a bench...