-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...
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Law mooted to curb misuse of SC/ST funds-Divya Trivedi
-The Hindu To bridge the gap in development between the Scheduled Castes and Scheduled Tribes and non-SCs and STs, a coalition of more than 150 organisations is demanding a national law to prevent, once and for all, the diversion, non-release, non-implementation and lapsing of the Special Component Plans for SCs/STs. In response to the coalition's longstanding demands, the National Advisory Council's guidance and the letter Sonia Gandhi wrote to the Prime Minister...
More »JK unable to fully utilize NBA funds for rural sanitation
-Greater Kashmir Jammu: Notwithstanding the pitiable condition of rural sanitation across J&K, the state government has not been able to utilize generous central funding under Total Sanitation CAMPAign (TSC), which has now been renamed as Nirmal Bharat Abhiyan (NBA), in the past three years. In the year 2010-11, out of total available funds of Rs 2373.18 lakhs, the concerned state government agencies could expend only Rs 1715.26 lakhs. The situation noticed a...
More »Mamata's nephew a party to Ponzi schemes: CPM
-The Hindustan Times Demanding a CBI inquiry into Saradha Group financial scam, CPI(M) has accused chief minister Mamata Banerjee's nephew of being involved in Ponzi schemes. "Mamata Banerjee's nephew Abhishek Banerjee, who is the leader of Trinamool Youth Congress, runs a company which is involved in real estate and micro-finance and has made a huge amount of money in the last two to three years. Its turnover has skyrocketed to 300 crores...
More »Saradha Group donated heavily to Trinamool govt, bought Mamata's art -Madhuparna Das and Subrata Nagchoudhury
-The Indian Express Kolkata: When the Saradha Group's Bengali daily Sakalbela began publication, Mamata Banerjee sent her best wishes. It was more than a customary greeting. It was an impassioned message that seemed to have come from the chief minister's heart. "We will have to pass the dark night to begin our journey in the light of dawn," she said. "An alert conscience, right direction, truth and fearless news is what people...
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