-The Hoot A huge media conglomerate was built up by a chit fund company which has now collapsed. Can the West Bengal government whose MP was part of the empire disclaim responsibility, asks SAADIA. About 1400 journalists have lost their jobs because a chit fund company's little-known Chief Managing Director ventured to become a media mogul in West Bengal some three years back. Almost every three months, the Saradha Group that had...
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Bengal in damage control, Saradha Group bust brings memories of '80s
-PTI KOLKATA: The West Bengal government has stepped in for damage control after chit fund company Saradha Group went bust reviving memories of the collapse of Sanchayita Investments in the early eighties when several investors and agents committed suicide. Sanchayita collected more than Rs 120 crore in 1980 before its offices were raided and it folded up with only a handful of people getting back a minuscule amount of money. Two main...
More »In teary spectacle on TV, the crisis of Bengal's 'chit fund media' -Subrata Nagchoudhury
-The Indian Express On Monday, the Bengali new year's day, viewers who tuned into Bengali music channel Tara Muzik witnessed a spectacle never seen before on Indian TV. Anchors of the channel and independent artistes called in to present Barsha Baran, a programme to celebrate the new year 1420, wept copiously on camera while announcing that the channel, facing an unprecedented "crisis of survival", was shutting down. Hundreds of viewers commiserated with...
More »Strangers turn saviours for this Lucknow baby
-The Times of India LUCKNOW: As a weaver at a small zardozi unit in Sheesh Mahal area, Aftab Husain barely managed to make Rs 100 per day. Already struggling to make ends meet, Husain got the shock of his life when doctors at King George Medical College, Lucknow, found that his newborn daughter was suffering from total anomalous pulmonary venous connection (TAPVC), a rare congenital heart ailment often referred to as...
More »It’s fresh air for these anganwadi children in Alur
-The Hindu The teacher felt that the children would be comfortable outside in the summer' Hassan: For the last few days, 20 children of the anganwadi at Khaji Mohalla in Alur town have been sitting under a tree and learning their lessons. Even their food, supplied by the Department of Women and Child Development, is being given to them there. The reason: the anganwadi is located inside a rented building that has an...
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