-The Hindu The spectacular failure of the Saradha Group domiciled in West Bengal but also operating in a few adjoining States reinforces certain important messages from past scams. The first lesson to investors and regulators alike is that it is still possible for unscrupulous promoters to design and operate Ponzi schemes built around promises of extraordinary returns that are clearly unsustainable. Such schemes depend upon a steady stream of fresh deposits...

-The Indian Express A little over 11 years ago, when the Congress defeated the Asom Gana Parishad and Tarun Gogoi took over as chief minister of Assam, people had their doubts. Would this man who had spent most of his political career since 1971 as a Lok Sabha member be able to run this state? The state, with its unique tangle of ethnicity and politics, has, after all, always been a...

-The Times of India R V Raju, a retired IPS officer and former director general of National Investigation Agency, has been appointed on an advisory board of the Central Vigilance Commission (CVC) to monitor and assist CBI in cases of commercial fraud and banking irregularities. Raju was appointed on the CVC board along with R Ramachandran, a former CMD of Andhra Bank. With the induction of two new members, the CVC has...

The World Bank and the United Nations have hailed it as one of the best health insurance schemes around the globe. Finance Minister Pranab Mukherjee's Budget called this UPA flagship, the Rashtriya Swasthya Bima Yojana (RSBY), an 'effective instrument' for providing basic health cover to the poor. Yet, UPA-ruled states have virtually disowned the scheme - just 11% of the scheme's Rs 2.31 crore active beneficiaries are in UPA-run territories, an...

Mohali is slated to become one of the first districts in the country where preparations for issuing Unique Identification Numbers (UID) are scheduled to commence from February 15. District administration officials said that once the process of compiling data is commenced from the middle of this month, it would take at least four months for the disbursal of the 12-digit UID to residents of the district to start and would be...