-The Indian Express Kolkata: As the investigation into the Saradha chit fund scam threatens to reach the doorstep of the Trinamool Congress, the markets watchdog is learnt to have warned of a larger, more frightening scenario: similar Ponzi schemes run by at least five other companies in West Bengal, involving over Rs 4,000 crore of small investors' money. In its latest communication sent to the state government, the Securities and Exchange Board...
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Saradha crisis: Mamata hikes VAT on tobacco for relief fund- Romita Datta
-PTI Mamata Banerjee stages reversal of former apathy towards fate of those affected by Saradha Group demise Kolkata: West Bengal chief minister Mamata Banerjee staged a reversal of her former apathy towards the fate of those whose savings had disappeared amid the collapse of the deposit-taking Saradha Group. Having said on Monday that "what has gone, has gone", Banerjee on Wednesday announced a 10 percentage point hike in value-added tax (VAT) on tobacco...
More »Mamata Banerjee under attack for asking people to smoke more
-IANS KOLKATA: West Bengal chief minister Mamata Banerjee on Thursday came in for sharp criticism from within her party and the opposition after she suggested people to "smoke more" to provide compensation to victims of a chit fund scam. "Smoking is bad.. let there be tax on it. But am I responsible for what Sudipta Sen did? Why should I pay more tax on every cigarette I smoke? I haven't fleeced the...
More »Trinamool MPs assured business protection: Saradha CMD Sudipta Sen- Priyadarshi Siddhanta
-The Indian Express New Delhi/ Kolkata: Chit fund 'kingpin' names politicians from Bengal, Assam in letter to CBI. Sudipta Sen, promoter of Saradha Group, has claimed that Trinamool Congress's Rajya Sabha members Kunal Ghosh and Srinjay Bose assured him that his business interests will be protected "as they have a very close connection" with Chief Minister Mamata Banerjee. In an 18-page letter to the CBI, Sen has alleged that a number of politicians...
More »Government abused powers in coal block allotments, House panel says
-The Times of India Parliament's standing committee on Coal and Steel has indicted the government for "totally abusing its powers" in allotting coal mines between 1993 and 2010 through the "most non-transparent procedure" to "few fortunate ones for their own benefit". "The government cannot give largesse on its arbitrary discretion or its sweet will," the committee, under the chairmanship of Trinamool Congress MP Kalyan Banerjee, said in its latest report tabled in...
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