-The Times of India NEW DELHI: The Nehru-Gandhi family, not surprisingly, emerges as the government's favourite when it comes to expenditure on newspaper advertisements on former leaders. Over the past five years, more than a third of UPA-2's spending on newspaper advertisements for birth and death anniversaries of former leaders has been on Rajiv Gandhi, Indira Gandhi and Jawaharlal Nehru. Of the total Rs 142.3 crore spent on newspaper advertisement on...
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AAP convener Arvind Kejriwal reveals his wealth to get his party’s ticket; turns out to be crorepati
-Dainik Bhaskar New Delhi: Normally it is considered that prominent netas of political parties have a birth right at a seat in the parliament as they are given tickets from party bastion to ensure that they win the elections. For examples when Rahul Gandhi forayed into politics, he was given ticket in Amethi which is like a Congress fortress, un-breachable by any other political unit. Some don't even have to fight...
More »Ponzi puzzle stumps Amway
-The Telegraph The sudden arrest of Amway India's top brass on Monday has focused the spotlight on the crumbling fault lines and the grey areas in the demarcation between some of the world's best-known direct selling companies and the dodgy Ponzi schemes that promise huge returns to gullible investors and have lately grabbed all the sensational headlines in Bengal. William S. Pinckney, managing director of Amway India, and two directors of the...
More »India has a problem with inequality, and it won't be solved easily-Kunal Kumar Kundu
-The Business Standard Why government policy and jobless growth have let inequality worsen in recent times The Forbes list of billionaires features 55 Indians in 2013. The estimated net worth of only the top ten is $102.1 billion or approximately 5.5 per cent of India's gross domestic product. Paradoxically, every third poor person and every second malnourished child in the world is also an Indian. India also adds 7.5 million babies with...
More »Banks suppressing alerts on suspect dealings: RBI probe-Josy Joseph
-The Times of India NEW DELHI: An investigation by the Reserve Bank of India (RBI) into allegations of money laundering by private banks has found large-scale violations ranging from huge cash deposits without PAN to dummy numbers. The probe report, a copy of which is available with TOI, shows that three private players - HDFC Bank, ICICI Bank and Axis Bank - had also hugely suppressed alerts generated by their system on...
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