-The Times of India NEW DELHI: For a man who prides himself as being the "original reformer", PM Manmohan Singh did not mention the word "reforms" even once in his speech on the ninth anniversary of UPA. And, it was only once that he talked of inflation. It was hardly surprising given that reforms do not seem to be on his radar in view of the tough political environment and inflation is...
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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 »Deposit schemes: Blame game starts as Bengal grapples with fallout
-The Hindu Business Line Kolkata: Everyone knew that the bomb was ticking. But, there was not much action to curb the mushrooming ponzi schemes that were collecting thousands of crores from hapless investors across West Bengal since 2007-08. Some promised to grow money by 34 times in 25 years by investing in teak bonds. Others offered to double money in 15 months by investing in the Potato trade. As a result, investments...
More »Group of ministers to tighten anti-rape law -Vishwa Mohan & Himanshi Dhawan
-The Times of India The government is redrafting the anti-rape law following serious concerns raised by Cabinet members that the proposed legislation was loosely-worded and open to misuse, and did not account for new social realities of a growing women workforce and inadequacies of law enforcing agencies. The criminal law amendment bill was urgently referred to a group of ministers after objections were raised at Tuesday morning's Cabinet meeting over the formulation...
More »New generation of Dalits struggles with old state of intolerance-Debabrata Mohanty
-The Indian Express They are denied entry to temples, given restricted access to water, made to work for a pittance. Now that Orissa's Dalits are asserting themselves against traditions, many are facing ostracism or violent attacks. Debabrata Mohanty reports Until a month before Naveen Patnaik became Orissa's chief minister in March 2000, Dalit labourer Ganapati Naik, now 42, had been living a happy if impoverished life with his bride and parents in...
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