-The Telegraph West Bengal: An agent of the Saradha Group fell ill in Siliguri today after a three-hour demonstration while investors hit the streets with placards asking the chief minister to give them back their Money or provide them with poison. Dinabandhu Pal, who had collected Rs 16 lakh for the Saradha Group, was admitted to Siliguri subdivisional hospital after he complained of palpitation in front of Siliguri police station. His wife...
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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...
More »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 »What the govt balance sheet shows-The words and deeds
-The Telegraph Kolkata: Chief minister Mamata Banerjee today flagged a four-member panel headed by a retired judge, a task force and an ordinance in her first comprehensive comments on the Saradha Group collapse that has triggered fears of a default contagion in Bengal. It was not clear if it was a stray remark or addressed at those seeking immediate relief for depositors but the chief minister also said that "ja gechhey ta...
More »Rural job scheme did little to raise farm wages: CACP-Sanjeeb Mukherjee
-The Business Standard Overall GDP growth, farm growth has more impact on increasing real farm wages than MGNREGS Even as the United Progressive Alliance government is touting the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) as its biggest step for the uplift of the rural poor, a discussion paper floated by the Commission for Agricultural Costs and Prices (CACP) suggests compared to this scheme, growth in overall gross domestic product, agriculture...
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