-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...
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Accidents up as DTC fleet driven dangerously -Rumu Banerjee
-The Times of India NEW DELHI: With 9,787 regular and 4,447 contract drivers on its payroll, Delhi Transport Corporation has one of the largest resource pools in the city. Unfortunately, these drivers are calling attention to the corporation for all the wrong reasons. Since 2011, the number of accidents involving DTC buses has steadily gone up with a corresponding increase in fatalities. Complaints of rash driving have been pouring in, prompting frequent...
More »Distress outside Sen panel office -Sabyasachi Bandopadhyay
-The Indian Express FOR Suranjan and Tumpa Choudhury, a couple from Madhyamgram in North 24-Parganas district, darkness has descended for the second time in their lives. In 2007, Suranja lost his job after the factory, where he worked shut down abruptly. He was then 36. A friend of him advised him to invest in Saradha Group and become an agent of the company. He had no other option than to accept...
More »JK unable to fully utilize NBA funds for rural sanitation
-Greater Kashmir Jammu: Notwithstanding the pitiable condition of rural sanitation across J&K, the state government has not been able to utilize generous central funding under Total Sanitation Campaign (TSC), which has now been renamed as Nirmal Bharat Abhiyan (NBA), in the past three years. In the year 2010-11, out of total available funds of Rs 2373.18 lakhs, the concerned state government agencies could expend only Rs 1715.26 lakhs. The situation noticed a...
More »Under regulator’s nose-Indrani Dutta
-The Hindu Chief Minister Mamata Banerjee may be sleeping easy as she has "settled all the issues at hand" on the Saradha scam. Saradha Group promoter Sudipto Sen has been booked and a Rs. 500-crore kitty has been created to make refunds to the depositors. However, no one is clear just how the refunds would be made and whether existing laws permit it. Mr. Sen's bubble may have burst. But the travails...
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