-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...

-The Telegraph A parliamentary panel has recommended that the Union government dissolve the ministry of development of north eastern region (DoNER) and put it under the Prime Minister's Office. The reason for the ministry's dissolution has been attributed to the plummeting efficiency levels and achievement rate in its planned schemes. "The committee, therefore, strongly recommends that the government should consider the handicaps of the DoNER ministry in a very serious manner. It should...

-The Hindustan Times   Even as the logjam in Parliament over ‘coalgate' and the JPC shows no sign of resolution, government managers moved ahead with two key social-sector bills - food security and land acquisition. The government has listed the food bill for discussion and passing on May 3 and the land bill for May 8. While the steps are seen more as the UPA's attempt to showcase its commitment towards its pending...

-The Indian Express Chit fund scams shine the light on the need to overhaul the financial regulatory architecture Cases of semi-regulated or unregulated entities making unrealistic promises to consumers are roiling the financial landscape. It is high time the government sees the pattern and undertakes fundamental change. The search for a solution must factor in two realities. The first is the failure of the formal regulated financial system. The breakdown of present...

-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...