-The Business Standard A trail of unfulfilled promises follow her in rural and urban Bengal The furious letter-writing since 2010 about the chit fund industry in West Bengal suggests that everyone knew the industry was going to implode. Bengal has one of the highest rates in small savings, Trinamool Congress (TMC) leader Somen Mitra wrote to the prime minister in 2011. The state buys the highest number of new life insurance policies, and...

-The Times of India Prime Minister Manmohan Singh said on Saturday that unauthorized collection of deposits promising high returns has to be curbed as the Centre unleashed a multi-agency probe on chit funds and money pooling firms in West Bengal and the eastern region. Rattled by the collapse of the Saradha group in West Bengal, the Centre has asked various agencies such as the Enforcement Directorate (ED), Income Tax department, the ministry...

-The Indian Express New Delhi: Stung by the Saradha episode, the government has decided to drastically amend legislation governing the market regulator's power to police chit fund companies. The finance ministry will push for the legislation to be cleared in the current session of Parliament and, if that fails, to issue an ordinance immediately afterward. Government managers believe the explosion of Ponzi schemes in West Bengal and in Uttar Pradesh is enough...

-The Indian Express Stating that all security forces personnel accused of crimes against civilians will not necessarily be tried only by their courts, the Supreme Court on Thursday ruled that criminal courts can also have jurisdiction in such cases. Setting aside the orders of a lower court and high court in Jammu and Kashmir, a bench led by Justice C K Prasad Thursday ordered that the trial of two BSF personnel, accused...

-The Hindu In the Bhullar case, the Supreme Court has created a category of ‘terrorists' among those sentenced to death without providing a constitutional basis for it Writing on extra-judicial killings in the Economic and Political Weekly in March 1996, K.G. Kannabiran narrated a very interesting anecdote from his experience on the Civil Rights Committee appointed by Jayaprakash Narayan to investigate fake encounters orchestrated during the Emergency against naxalites. While interacting with...