-Reuters Mumbai: The Securities and Exchange Board of India (Sebi) has fined a unit of energy conglomerate Reliance Industries Ltd Rs. 11 crore over a 2007 insider trading case. The company, Reliance Petroinvestments Ltd, has 45 days to pay the fine, the Sebi said in its ruling published late on Thursday. The regulator said Reliance Petroinvestments made a profit of Rs. 3.83 crore through several trades between February and March 2007 that were...

-Frontline   But in Modi's Gujarat the difference between development and darkness is all too visible to those who care to see. NARENDRA MODI may have won three consecutive elections and ruled Gujarat for more than a decade after he was posted there almost as a night watchman, to borrow a cricketing expression. He may have mobilised a massive fan following that is shouting to catapult him into the Prime Minister's post,...

-Economic and Political Weekly The Saradha group's collapse has possibly bankrupted lakhs of small investors robbing them of their life svaings, and has rendered thousands of its agents jobless. The scam highlights the failure of the government and its regulatory agencies to reign in the mushrooming chit fund companies in West Bengal. It also brings under the scanner the Trinamool Congress' proximity with the tainted group. In the wake of the...

-The Hindustan Times As the country enters the election year, the UPA government has its task cut out in the form of legislative commitments which are looking increasingly difficult to fulfil. As many as 115 bills (excluding the finance bill) are pending before Parliament. Among these are the land acquisition and food security bills that for obvious reasons are high on the Congress-led coalition's social agenda in a poll year. Ninety-three of...

-The Telegraph YOGAPUR (Patna): Chief minister Nitish Kumar wants "light" in every household but there is darkness right under his nose. Barely 30km off Patna, Yogapur's inhabitants - mostly Mahadalits, Dalits and backward classes whom Nitish has tried his best to empower - have never seen power (electricity) in their village. The chief minister has vowed not to seek votes in the 2015 elections if his power dream tripped. But, it seems, there...