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The fall of Saradha group revives old ghosts of ponzi schemes going bust -Atmadip Ray

-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...

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Independent judiciary and interest groups -Shruti Rajagopalan

-The Hindu Business Line After the 1980s, special interest groups have preferred to knock on the doors of the judiciary. In India today, matters of public interest seem to get their due only when the Supreme Court has added its two cents. Interest groups, representing both general and special interests, petition the judiciary actively. In an era where virtually all institutions in India have been vulnerable to political capture, the judiciary seems like...

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Saradha chit fund mess: Quick-rich dreams lie crushed -Krishnendu Bandyopadhyay

-The Times of India DAKSHIN BARASAT (South 24-Parganas): Every other house in this part of Bengal has a rags-to-riches-to-rags story. Saradha Group showed them a dream that was unbelievable when it lasted. But then reality struck a hard, bitter blow. Sixty-year-old Dulal Chandra Gharami walked back home tense on Monday afternoon. He was summoned to the Trinamool Congress office at Beliadanga, where he was asked to cough up protection money. For last four...

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Consumers face fresh power tariff hikes -Utpal Bhaskar and Aman Malik

-Live Mint Government rejects coal price pooling, moves closer to allowing projects assured fuel linkages by CIL to import coal The government rejected a proposal to pool coal prices and instead moved a step closer to allowing power projects that had been awarded through competitive bidding and assured fuel linkages by state-owned miner Coal India Ltd (CIL) to import the fuel and pass on the incremental costs as higher electricity tariffs. Price pooling...

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Sexual harassment at Supreme Court: Apex court to consider draft rules

-PTI The Supreme Court today agreed to constitute a committee headed by an eminent jurist to finalise the draft rules for dealing with sexual harassment complaints of women, including lady lawyers, working at the apex court. A bench, headed by Chief Justice Altamas Kabir, said the name of the chairman of the Committee, which will also go into various other issues raised in the report prepared on its order, would be decided...

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