-PTI Balasore, (Odisha): Though the Crime Branch of Odisha Police have launched state-wide raids on chit fund companies, other non-banking financial institutions and have arrested about 100 people, it was not sure about return of money to investors. "It is a complex issue. No specific commitment can be made on this matter as it involves many legal complications," additional director general of police (Crime Branch), B K Sharma told reporters here. Mr. Sharma...
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Family attempts ‘honour killing’ in Bihar
-The Hindu Patna: In a shocking case of attempted ‘honour killing', a family in Bihar brutally assaulted and tried to kill a 16-year-old girl for her adamant refusal to marry a man they had chosen for her. Sugati Kumari, the victim's family member, tried to strangulate her with a rope. They disfigured her face with a blade, poured acid on her face and left her for dead on a road in Muzaffarpur...
More »Time to let the caged bird sing-Raju Ramachandran
-The Hindu In making a case for the investigative agency's autonomy, the Supreme Court is only stepping in where the executive has failed The proceedings in the Coalgate case earlier this week saw the Supreme Court asking the Central Bureau of Investigation (CBI) many uncomfortable questions. The Court also asked the government to tell it what steps it was going to take to enact a law to ensure the CBI's autonomy. The...
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-The Hindu Business Line The Comptroller and Auditor General's suggestion that the CBI be given constitutional status similar to that of his own office is not without merit. Every now and then, the issue of freeing the Central Bureau of Investigation (CBI) from the Government's clutches takes on a fresh urgency. The latter's response has been to wait till the fuss died down and eventually do nothing. There are no special reasons...
More »Mamata proposes govt-sponsored deposit-taking scheme-Probal Basak
-The Business Standard The scheme can be named as 'Social Security Scheme' or 'We The People Scheme'; would not offer high returns like chit funds Kolkata: West Bengal Chief Minister Mamata Banerjee today proposed to launch a government-sponsored deposit-taking scheme to provide a secured saving option to the rural people of the state as an alternative. "To provide proper facility in the wake of growing financial insecurity, we are thinking of a social...
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