-The Times of India NEW DELHI: Lifting the cloak of secrecy from sources of funding of political parties and their expenditure the central information commission (CIC) has ruled that they are public authorities who now need to respond to RTI queries within six weeks. Political parties on Monday lost the battle to stay out of RTI purview and keep their donors secret after the commission in a 54-page order said six national...
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The fall of Saradha group revives old ghosts of ponzi schemes going bust -Atmadip Ray
-The Economic Times For many, it is a sense of deja vu. Fifteen years ago, the government and India's financial regulators came under fire after hundreds of crores were cleaned up by a few individuals and entities from gullible investors, who were promised fabulous returns from plantation schemes. In the uproar that followed, the government and the regulators sought to palm off the responsibility of regulation of such schemes on each...
More »Chit-fund scam: Saradha agents lay siege to Mamata house -Saibal Sen & Caesar Mandal
-The Times of India KOLKATA: Bengal is sitting on a powder keg. And the fuse could well have been lit on Friday as a 33-year-old agent of Saradha Group, a chit fund company that has gone bust, committed suicide being unable to pay his depositors while over 3,000 agents laid siege to chief minister Mamata Banerjee's residence in protest against the lockdown. The turn of events has triggered fears of a repeat...
More »Candidates’ criminal record, assets in a single form this time -Nagesh Prabhu
-The Hindu Election Commission team coming on April 8 to review poll preparedness Bangalore: Now you can find crucial details about a candidate contesting the Assembly elections - his criminal record and assets/liabilities - in one consolidated format. Information on both these aspects will be part of a single document and will be up on the Election Commission website within 24 hours of it being filed. Hitherto, these details were in scattered in...
More »CAG discovers Rs 1,336 crore gap in EPFO books-Vikas Dhoot
-The Economic Times The country's chief auditor has uncovered a Rs 1,336-crore negative balance in the books of the Empoyees' Provident Fund Organisation (EPFO), the custodian of Rs 8.15 crore formal sector workers' lifetime savings. A report, prepared by the Comptroller and Auditor General (CAG) and reviewed by ET, says this discrepancy in the EPFO's books for 2011-12 could grow further. For beneficiaries, this could mean lower returns on provident fund savings...
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