-The Business Standard It will make the coercive powers of the land acquisition law irrelevant, though including it in the central Bill would be unconstitutional The proposal to amend the central Land Acquisition Bill to provide for leasing of land rather than acquiring it is just not constitutionally feasible. Land is a state subject and the Centre cannot legislate on leasing at all. But as an idea it is great and should...

-The Hindu   Fault lies with States, unfair to blame Centre: CAG source The Comptroller and Auditor-General has found serious lapses in implementation of the UPA's flagship programme, the Mahatma Gandhi National Rural Employment Guarantee Scheme. In its second performance audit submitted to Parliament on Tuesday, the CAG said employment under the MGNREGS declined, funds were being diverted for other use and possible irregularities related to wage payments occurred. The audit covers implementation of the...

-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...

-The Telegraph Mumbai: The Securities and Exchange Board of India (Sebi) today asked Saradha Realty India to wind up its collective investment schemes and refund investors within three months. The company as well as its managing director Sudipto Sen have been prohibited from accessing the capital markets until all collective investment schemes are wound up and the refunds are complete. Legal proceedings and steps to wind up Saradha Realty would also be...

-The Times of India KOLKATA: The inferno triggered in a million homes by the Saradha meltdown has singed the ruling Trinamool Congress. The heat was palpable at an informal meeting of Trinamool MPs at Parliament's Central Hall on Tuesday when the knives were out against the tainted partymen who have harmed Didi's Ma-Mati-Manush image. With Sudipta Sen in custody, at least two heads in the Trinamool are set to roll, say party...