the-reserve-bank-of-india

Saradha Chit Fund Scam: Why Mamata Reacts, not RBI?

The chit fund company has, no doubt, defrauded thousands of investors, including the poor and to portray herself as pro-poor, Mamata reacted rather abruptly creating a ₹500-crore fund to help these investors. More than helping the poor, the CM's move brings into question how such frauds should be dealt with in future, both by the government and the regulator, here the RBI. Apr 25, 2013
sanjay-dutt

Justice Katju Asks Maharashtra Governor to Pardon Sanjay Dutt [FULL TEXT]

Press Council of India chief Justice Markandey Katju in a letter to Governor of Maharashtra has appealed to pardon the actor Sanjay Dutt, who was sentenced for five years of jail on Thursday by Supreme Court for illegal possession of a pistol and a rifle during the 1993 Mumbai serial blasts. Mar 22, 2013