-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...
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Court takes on ‘deposit’ firms -Pankaj Sarma
-The Telegraph Guwahati: Gauhati High Court has taken up a suo motu PIL against the Calcutta-based Saradha Group and similar deposit collecting companies for allegedly duping scores of investors in Assam of their hard-earned money. Official sources said the high court recently took up the PIL (15/2013) after taking cognisance of Krishak Mukti Sangram Samiti (KMSS) general secretary and RTI activist Akhil Gogoi's letter to Chief Justice Adarsh Kumar Goel. Akhil had alleged...
More »Dr Purnima Menon, research fellow at the IFPRI's Poverty, Health and Nutrition Division interviewed by Shobha Warrier
-Rediff.com Recently, a study on India's State Hunger Index comparing hunger across all India states was released by Purnima Menon, Anil Deolalikar and Anjor Bhaskar. Dr Purnima Menon is a research fellow at the International Food Policy Research Institute's Poverty, Health and Nutrition Division, and is based at IFPRI's Asia office in New Delhi. She conducts applied nutrition research in the South Asia region, with a focus on programs and policies to improve...
More »Deposit schemes: Blame game starts as Bengal grapples with fallout
-The Hindu Business Line Kolkata: Everyone knew that the bomb was ticking. But, there was not much action to curb the mushrooming ponzi schemes that were collecting thousands of crores from hapless investors across West Bengal since 2007-08. Some promised to grow money by 34 times in 25 years by investing in teak bonds. Others offered to double money in 15 months by investing in the potato trade. As a result, Investments...
More »Illusory rights -Venkitesh Ramakrishnan and Ajoy Ashirwad Mahaprashasta
-Frontline PESA, which is seen as an enabling law for tribal self-governance, is violated brazenly by both the Union government and State governments in the name of development. SINCE October 2012, the Ministry of Rural Development of the United Progressive Alliance (UPA) government has apparently been engaged in an exercise to evolve a "National Land Reforms Policy". Over these months, the Ministry wrote to various State governments, highlighting the importance of...
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