-The Indian Express By May 2, Sahara India Real Estate Corporation Ltd (SIRECL) has to prove the "genuineness" of all its investors to the Supreme Court. It has a difficult task on its hands: the name ‘Kalawati' figures 5,984 times on that list, same names appear against different locations, and geography takes a giant leap with ‘Jaipur Nagpur Maharashtra' and ‘187 Aurangabad Lucknow UP' mentioned as addresses. SIRECL had given the list...

-The Hindu   Ranjit Sinha says CBI is part of government, not autonomous The widening sinkhole that the coal scam has become claimed its first victim on Wednesday as Additional Solicitor-General Harin Raval resigned for having misled the Supreme Court, while CBI Director Ranjit Sinha?brought the executive and the judiciary to the verge of open confrontation by stating that his agency was not an "autonomous organisation" but part of the government.? The CBI, which...

-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 Times of India NAGPUR: President Pranab Mukherjee on Monday slammed multinational companies saying they only looked for oversees locations with an intention to dodge taxes, raising eyebrows at a time when the country is desperately wooing foreign capital to plug a widening current account deficit. Addressing a function at the National Academy of Direct Taxes (NADT), Mukherjee said more than three-fourths of business transactions nowadays took place through the units of...

-The Indian Express     FOR Suranjan and Tumpa Choudhury, a couple from Madhyamgram in North 24-Parganas district, darkness has descended for the second time in their lives. In 2007, Suranja lost his job after the factory, where he worked shut down abruptly. He was then 36. A friend of him advised him to invest in Saradha Group and become an agent of the company. He had no other option than to accept...