-IANS India also gets high scores for electoral process and pluralism (9.58) and civil liberties (9.41) Washington: Even as it acknowledges India as the world's most populous democracy, the economist magazine's Index of Democracy 2012 ranks India 38th among 165 nations with an overall score of 7.52. India also gets high scores for electoral process and pluralism (9.58) and civil liberties (9.41). The top three positions go to Norway (9.93) Sweden (9.73) and...
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In story of Saradha's crores, Bengal's forgotten hundreds -Madhuparna Das
-The Indian Express West Bengal is not new to chit fund scams. What is unique to the Saradha Group scandal is how it targeted the poorest and the most marginalised, leaving them on the verge of devastation. From 17-year-old agents who raised money from depositors to 50-year-old widows who invested money, the Saradha Group didn't discriminate in roping them in. Since the house of cards started collapsing, two agents and two...
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 »The crisis in our community-Nilanjana S Roy
-The Hindu "Stopping rape" isn't possible unless we change the way we tackle and think about ordinary violence Some images stay branded on your mind. The brutality visited on three young girls, before their bodies were found in a well; the pain of a five-year-old whose rapist used candles and an oil bottle to violate her further; the anger of the Dalit rape survivor in Uttar Pradesh who was told by a...
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