-The Telegraph Mumbai: The Securities and Exchange Board of India (Sebi) today asked Saradha Realty India to wind up its collective investment schemes and refund investors within three months. The company as well as its managing director Sudipto Sen have been prohibited from accessing the capital markets until all collective investment schemes are wound up and the refunds are complete. Legal proceedings and steps to wind up Saradha Realty would also be...

-The Economic Times For many, it is a sense of deja vu. Fifteen years ago, the government and India's financial regulators came under fire after hundreds of crores were cleaned up by a few individuals and entities from gullible investors, who were promised fabulous returns from plantation schemes. In the uproar that followed, the government and the regulators sought to palm off the responsibility of regulation of such schemes on each...

-The Hindu Bangalore: Byatarayanapura Assembly constituency that was carved out from Yelahanka ahead of the previous Assembly elections has become a hot destination for real estate developers. Its proximity to the international airport and the six-lane highway that passes through this constituency providing smooth connectivity to the central parts of the city have put real estate development on a fast track here. But this has unleashed its ugly impact as real estate...

-The Hindu     ‘Crorepati'-politicians wear their wealth like a badge of honour Bangalore: With the new breed of "crorepati"-politicians wearing their wealth like a badge of honour, the old slogans of "Garibi Hatao" (remove poverty) have become passé. The rise in the prominence of moneybags from real estate, the private education sector, and industry in the city's political landscape has not only deflected social issues but it has also changed the benchmark for a...

-The Times of India Some 20 months after hotly contesting data on UPA-1's "jobless growth", the government has admitted to lack of substantial increase in employment between 2004-05 and 2009-2010, with the self-employed workforce shrinking from 56.4% to 50.7% of the total workforce. In absolute numbers, the self-employed decreased from 258.4 million to 232.7 million in this period while regular salaried workers rose from 69.7 million to 75.1 million. The ranks of...