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Jairam dancing to the tune of corporate lobby: Brinda Karat

-The Hindu Left parties to press for referring land acquisition bill to panel VISAKHAPATNAM: Continuing her tirade against attempts by the UPA Government to adopt the Land Acquisition, Rehabilitation and Resettlement Bill, 2011, in Parliament without addressing the concerns expressed by many, CPI (M) Polit Bureau member Brinda Karat on Sunday accused Union Minister for Rural Development Jairam Ramesh of dancing to the tune of the corporate lobby. At a seminar on ‘Tribal...

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WB govt plans crackdown to tackle chit fund scam -Sumanta Ray Chaudhuri

-The Hindustan Times A day after the police seized Saradha Group chairman Sudipta Sen's property and froze his bank accounts for duping thousands of people with his chit-fund money-trap, a PIL was filed in Calcutta High Court petitioning the court to order a CBI enquiry into the Saradha Group. Income Tax officials and Left MPs have also decided to nail all those involved with the dubious firm. While the Income-Tax department is planning...

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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...

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Bengal’s Bonzi shell cracks up -Sambit Saha

-The Telegraph The "Bonzi" edifice, Bengal's version of the fraudulent Ponzi scheme that conned US investors a century ago, is shaking at its foundations. The panic set off by Saradha defaulting on payments has spread to similar schemes run by other firms and triggered protests and attacks on company offices in several parts of the state. These schemes' mostly small-time rural investors have begun to panic about the safety of their hard-earned...

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Landmark verdict -V Venkatesan

-Frontline   The Supreme Court's ruling against Novartis' patent claim for the cancer drug Glivec paves the way for generic drug companies to keep crucial, life-saving drugs affordable to the common people. By V. VENKATESAN IN their 112-page judgment delivered on April 1, Justice Aftab Alam and Justice Ranjana Prakash Desai of the Supreme Court began with a simple proposition: in order to understand what the law really is, it is essential to...

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