-PTI Soaring inflation, high fuel cost, rising cost of education and health insurance premiums have eroded the real incomes of middle-class Indian families, with household savings rates dropping by a staggering 40 per cent in the last three years, says an Assocham survey. "Poor households are unable to maintain the consumption levels at current prices while middle income families find their purchasing power erode fast, thus having far less surplus money," Assocham...
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Sheila Dikshit's assets up 40% in five years
-IANS New Delhi: The value of assets owned by Delhi Chief Minister Sheila Dikshit grew over 40% in the last five years, up to Rs18 million, according to an affidavit submitted by her Thursday. The three-time chief minister filed her nomination from New Delhi constituency for the Dec 4 assembly election. According to the affidavit, the value of her moveable and immovable assets increased from Rs. 13 million in 2008 to Rs. 18.3...
More »West Bengal's savings scheme for poor gets RBI nod -Atmadip Ray
-The Economic Times KOLKATA: West Bengal chief minister Mamata Banerjee's plan to start a savings scheme with the aim of protecting the poor from losing their money to deposit schemes that promise high returns will be going ahead with the Reserve Bank of India having cleared the participation of state-run banks in the programme. The state government is to launch the plan on November 6. State-run West Bengal Infrastructure Development Finance Corporation...
More »Chhattisgarh's Gond tribals have never voted in past 50 years -Rashmi Drolia
-The Times of India RAIPUR: Call it the unapproachable interiors, fear from Maoist ambush or the inaccessibility that leads to the hilly terrains of the Maoist heartland, there is a section of people in the hills of Bailadila region in tribal Bijapur district of Chhattisgarh, who have not exercised their vote for as long as 50 years. They are these 20,000 people, who, neither have voter identity cards nor has any electoral...
More »West Bengal: Saradha scam worth Rs 2,460 crore, report says
-PTI NEW DELHI: The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors' monies still remaining unpaid, a latest investigation report has revealed. The report also states that the arrested Saradha chairman Sudipta Sen was in "total control" of all Deposits made by his group companies, which are under the scanner for having perpetrated...
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