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SEBI digs deeper, chit scam gets bigger -P Vaidyanathan Iyer

-The Indian Express Kolkata: Saradha Realty Ltd, which has gone bust now, may be just the beginning of the unfolding of a deeply entrenched Ponzi scheme network involving dozens of other companies in West Bengal, some of which also wield considerable media power given their ownership of television channels and newspapers. According to information available with the union corporate affairs and finance ministries, six companies, against whom market regulator Securities and Exchange...

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Trinamool runs aground: It is foundering on Bengal’s cheat funds and could well sink with them -Abheek Barman

-The Times of India The collapse of Saradha Group, promoted by Sudipta Sen, is the greatest threat yet to Mamata Banerjee's Trinamool Congress regime in Bengal. It could also imperil the finances of millions of people in Bengal, Assam, Jharkhand, Bihar, Orissa and eastern Uttar Pradesh. Trinamool's blatant association with the bigwigs of Saradha, which raised vast amounts of money from poor people before collapsing, is a potentially fatal political body blow....

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Punish convicts for the crime as well as its brutality, Supreme Court says -Dhananjay Mahapatra

-The Times of India The increased brutality in committing crimes, including gang rapes in the recent past, has not been lost on the Supreme Court, which has promised to the society that the accused if convicted would get adequately punished not only for the crime but also for their depravity. It said all trial courts, while awarding punishment to a convict, must follow the cardinal principle of sentencing policy which mandated "the...

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Designate nodal officer to handle RTI applications: HC to MoF

-PTI Finance Ministry should appoint a nodal officer to distribute RTI applications to the concerned central public information officer for processing, the Delhi High Court has directed while upholding the order of Central Information Commission in this regard. The Finance Ministry has five departments-- Economic Affairs, Revenue, Expenditure, Financial Services and Disinvestment. Each one of them have different sets of Central Public Information Officers for processing RTI applications but there is none to...

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HC summons Honey Singh for singing vulgar songs

-The Hindustan Times Chandigarh: Expressing disappointment on the vulgar songs being sung by Punjabi rapper(singer) Honey Singh, also known as Yo Yo Honey Singh, the Punjab and Haryana high court has summoned him to the court personally on May 14 for explanation. The directions came from the division bench comprising acting chief justice Jasbir Singh and justice Rakesh Kumar Jain on a public interest litigation filed by a non-governmental organisation, HELP...

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