-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...

-Live Mint Mani Shankar Aiyar, India's first panchyati raj minister, talks about the challenges the institutions face On Wednesday, India marked 20 years of panchayati raj, an exercise in devolving power to people at the grassroots. Rajya Sabha memberMani Shankar Aiyar was India's first panchyati raj minister, appointed to the newly created ministry in 2004. He headed a committee that examined the reasons why attempts at sharing power with self-governance units haven't...

-The Telegraph A jump in the Centre's annual social welfare spending from Rs 7,500 crore in 1991 to Rs 3 lakh crore now has failed to make much difference on the ground because panchayati raj institutions are being kept away from implementation of the schemes, a committee has found. The committee headed by senior Congress leader Mani Shankar Aiyar, in its report released on the eve of National Panchayat Day, pitched for...

-Live Mint It's obvious that Indian experience with local governance is not what it should have been, but a change is underway Later this week, the country will celebrate the 20th anniversary of the constitutional amendments that made it mandatory for the creation of panchayats-the village-level bodies that deliver self-governance. Most may not be aware that this could well have been the eve of its 25th anniversary, but for the three-vote defeat...

-The Indian Express As coming-of-age rituals go, the Tritiya Sammelan Prastuti Committee (TSPC) couldn't have planned it better. Acting on intelligence by its cadre, it moved in on a group of Maoists in Chatra district's Lawalong Tola on the intervening night of March 27-28, killing 10. Among the dead was Lalesh Yadav, secretary of the Bihar-Jharkhand-North Chhattisgarh Special Area Committee, and his closest subordinates, thus leaving a vacuum at the heart...