-The Indian Express CBI director Ranjit Sinha admitted to the Supreme Court on Friday that the agency's status report on the coal blocks allocation case had been shown to Law Minister Ashwani Kumar "as desired by him". The report was also shared with a senior official each from the Prime Minister's Office and the coal ministry, the CBI director said. The government has been in Turmoil - facing demands for an explanation...
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Tapi tribals launch stir to protest illegal mining -Melvyn Reggie Thomas
-The Times of India SURAT: Tribals of five villages in Tapi district's Valod taluka are on a fast-unto-death at Kosambia village on the bank of Purna river since April 17. They are demanding a check on illegal mining of stones from the banks of Valmik and Ambika rivers and illegal operation of stone quarrying at Kosambia village and strict implementation of The Panchayat (Extension to Scheduled Areas) Act. The agitators said...
More »WB chit fund scam: Governor calls special Assembly session next week
-CNN-IBN Kolkata: West Bengal Governor MK Narayanan has called a special session of the state Assembly next week beginning April 29 to discuss the chit fund scam. Speaker Biman Banerjee, in fact, has called an all-party meeting at 3 pm on Friday to discuss the special session. But the TMC wants the West Bengal Protection of Depositors' Interest in Financial Institution Bill to be reTurned by the Centre so that it could...
More »Fixing the foundations
-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...
More »Blame game and a cover-up-Saadia
-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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