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Saradha effect: investors seek return of deposits from companies

-The Hindu Kolkata: The agitation against fraudulent deposit-taking companies continued to spread in the State with the police intervening in some places to prevent the situation spinning out of control. There were instances of agents heckling investors. Demanding that their money be returned, a group of investors protested outside one of the companies at Lake Town near the city on Saturday. At Salt Lake nearby, another company faced the ire of anguished...

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Purti group allegedly evaded tax worth Rs. 7cr: I-T dept

-PTI The Income Tax department has detected alleged tax evasion to the tune of Rs. 7 crore in the business transactions of Purti group of companies related to former BJP president Nitin Gadkari. Probing the alleged dubious transactions of the Purti Power and Sugar Limited (PPSL) since last year, the department has completed assessments pertaining to the last two financial years and has found evasion to the tune of more than Rs....

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Building euphoria-Himanshu Upadhyaya

-Frontline   But in Modi's Gujarat the difference between development and darkness is all too visible to those who care to see. NARENDRA MODI may have won three consecutive elections and ruled Gujarat for more than a decade after he was posted there almost as a night watchman, to borrow a cricketing expression. He may have mobilised a massive fan following that is shouting to catapult him into the Prime Minister's post,...

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Karnataka polls: Do richer candidates do better?- Karthik Shashidhar

-Live Mint   Data from the 2008 Karnataka polls and the 2009 Lok Sabha elections reveal a small positive correlation Ever since the Association for Democratic Reforms (ADR) published its report on assets of candidates for the forthcoming assembly elections in Karnataka, there has been significant outrage in the mainstream Media about the significant increase in declared assets of candidates who had also contested in 2008. Given this background, we thought it might...

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Roar on rivals, silence on own ranks

-The Telegraph Kolkata: Mamata Banerjee today waved at a rally photographs and newspaper advertisements that she claimed established "links" between CPM leaders and the Saradha Group and other deposit-mobilising companies, but steered clear of commenting on Trinamul's alleged connections with such entities. Addressing her first public meeting since the Saradha crisis unfolded, the chief minister did not mention if she was planning action against Trinamul leaders whose names have cropped up in...

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