-The Telegraph Ranchi: Sluggish economy and soaring personal aspirations are teaming up to create fertile ground for quick-rich chit fund schemes and non-banking finance companies such as the now-infamous Saradha to mushroom, but rules to give Jharkhand investors the much-needed safety net are hanging fire since over a year. Jharkhand Assembly had early last year forwarded rules framed by the state's institutional finance department for the President's consideration under The Chit Funds...
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Cops on a roll on Saradha agent’s gifts -Monalisa Chaudhuri and Debashis Chattopadhyay
-The Telegraph Kolkata: Proceeds from the Saradha Group kept Bengal police on the move - at least in Baruipur, according to information stumbled upon by investigators into the default scandal. The police have learnt that Arindam Das, an agent who apparently made the highest collections from Baruipur in South 24-Parganas, had gifted two Tata Sumos (WB26R6763 and WB20U6409) to the local police station. "The two SUVs used in Baruipur police station were gifts...
More »Dalit empowerment still a distant dream- Elizabeth Roche and Arundhati Ramanathan
-Live Mint Almost two decades after the Panchayati Raj Act was notified, a key aim of the legislation remains unfulfilled Papapatti/Madurai district: S. Muruganadam, 38, is the Dalit president of the Papapatti village panchayat in Madurai district and a post-graduate in political science. His term ends in 2016 and he has made up his mind not to run for re-election. "I think a panchayat president's post is an important post because only he...
More »Mamata Banerjee seeks to blame Centre for chit fund scam
-PTI Kolkata: West Bengal Chief Minister Mamata Banerjee, who has sought to blame the Centre for the chit fund scam, has claimed that the central government reduced the rate of interest in small savings to drive depositors towards ponzi schemes. "It is because the Centre has reduced the interest rates in small savings in the post office, poor people and those who have retired keep their money in these chit funds with...
More »'228 farmers committed suicide in Maharashtra in April-January FY13'
-PTI NEW DELHI: The government on Friday said 228 farmers committed suicide in Vidarbha region of Maharashtra because of agrarian distress during the April-January period of 2012-13 fiscal. "The number of farmers in the six identified suicide prone districts of Vidarbha region who committed suicide due to agrarian distress is 228 during the last 10 months till January 31, 2013," Minister of State for Agriculture Tariq Anwar said in a written reply...
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