-The Hindu The long-pending Land Acquisition, Rehabilitation and Resettlement Bill was passed by the Lok Sabha on Thursday night after Union Rural Development Minister Jairam Ramesh assured the House that the measure allowed enough room for State governments to implement it as per their requirements. The Bill is only setting a bottom line for fair compensation, rehabilitation and resettlement in the case of land acquisition and State governments were free to further...

-The Hindu There was a last-minute hiccup in the passage of the Land Acquisition, Rehabilitation and Resettlement Bill in the Lok Sabha on Thursday when the Trinamool Congress demanded that the clause mandating private projects to take the consent of 80 per cent of landowners be changed to 100 per cent, as is prevalent in West Bengal. The State, Union Rural Development Minister Jairam Ramesh said, could change this provision, but...

-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...

-CNN-IBN Kolkata: The West Bengal chit fund is getting bigger each day. It has now turns out that ponzi schemes in the state financed not just media houses but Tollywood films as well. In the past four years, at least one in three films has been produced by groups that run ponzi schemes. Rose Valley, a deposit-taking company which is now under the MCA scanner, has produced 18 films including three National...

-The Indian Express West Bengal is not new to chit fund scams. What is unique to the Saradha Group scandal is how it targeted the poorest and the most marginalised, leaving them on the verge of devastation. From 17-year-old agents who raised money from depositors to 50-year-old widows who invested money, the Saradha Group didn't discriminate in roping them in. Since the house of cards started collapsing, two agents and two...