Kolkata: In a breather for the Mamata Banerjee government, the division bench of the Calcutta High Court on Tuesday said that it is not mandatory to deploy central paramilitary forces for the upcoming Panchayat polls.
The West Bengal government had appealed the higher bench after a single bench upheld the State Election Commission's plea for three-phase polling and deployment of central forces.
The State government wanted two-phase polling and security by local police. The High Court has now asked the State government to deploy forces in consultation with the Election Commission.
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01:11 PM, May 14, 2013
New Delhi: The Left parties on Thursday sought a court-monitored CBI probe into the West Bengal chit fund scam and accused the Trinamool Congress-led government of not intervening to check activities of companies with suspicious financial dealings in the state. Senior leaders of Communist Party of India-Marxist, the Communist Party of India, the Revolutionary Socialist Party and Forward Bloc met President Pranab Mukherjee and Prime Minister Manmohan Singh separately and...
03:25 AM, May 10, 2013
Kolkata: Accusing the Left of failing to protect investors in ponzi schemes during its prolonged rule in West Bengal, the Trinamool Congress on Thursday hit back after Left leaders met the Prime Minister and Finance Minister seeking a CBI probe into the chit fund scam. "Who are asking for a CBI probe today? It is those who were unable to pass an effective bill to rein in chit fund companies...
06:47 PM, May 09, 2013
New Delhi: As the Opposition stepped up pressure on Pawan Kumar Bansal seeking his resignation over the railway board bribery controversy, the Samajwadi Party (SP) also joined it in the demand saying the Railway Minister "cannot be protected for long". "When non-Congress officials are caught, they are quickly investigated. But Congress ministers accused of corruption are protected. This is a serious matter and Pawan Bansal cannot be protected for long....
03:34 PM, May 06, 2013
Kolkata: The West Bengal government has sealed the offices of MPS group, a business house that has an estimated liability of Rs 17,000 crore and is under the scanner of the Securities and Exchange Board of India (SEBI). The crackdown comes after the collapse of Saradha group's chit fund business in April, which affected thousands of depositors. Panicking depositors and agents protested outside the MPS group's office at Lake Town...
09:58 AM, May 05, 2013
Panihati: West Bengal Chief Minister Mamata Banerjee on Saturday mocked her predecessor Buddhadeb Bhattacharjee's comment that the former Left Front regime had kept chit funds at bay and promised to publish 'posters' against canards by the Marxist party. "Kept them at bay? But rubbed shoulders with them! Whose photo is this?" Banerjee asked dramatically at a Trinamool Congress rally in Panihati in North 24 Parganas, showing a photo purported to...
12:40 AM, May 05, 2013
New Delhi: Left parties on Tuesday termed as "meaningless" the demand for Prime Minister Manmohan Singh's resignation over the coal allocation issue but asked him to face Parliament as he "owes an answer" to the country. CPI(M) also dubbed the disruption of Parliament as "match fixing" between BJP and Congress. "Demanding resignation of the government is meaningless and it does not happen," CPI(M) leader Sitaram Yechury told reporters outside Parliament....
02:59 PM, Apr 30, 2013
Kolkata: West Bengal Chief Minister Mamata Banerjee is getting ready to face the Opposition fire in the state Assembly. A special 2-day session has been called by Governor MK Narayanan from Monday to discuss the chit fund scam in the state. It has not just wiped away crores of investor money but also dragged the Trinamool Congress and Congress ministers into the mess. The scam is also getting bigger with...
10:44 AM, Apr 29, 2013
Jaipur: Shane Watson was a man in turmoil when he left the tour of India last month after being disciplined by the team management but the Australian all-rounder says he forgot his troubles as soon as he had his new-born child in his arms. Watson was one of the six Australian players who were suspended for a match after failing to complete a presentation sought by coach Mickey Arthur during...
12:55 PM, Apr 28, 2013
Trinamool Congress Rajya Sabha MP Kunal Ghosh, one of the two accused of blackmailing Saradha group promoter Sudipta Sen, has offered to resign if he is told to do so. ...
06:27 PM, Apr 27, 2013
Were elements of the ruling party in West Bengal complicit in the chit fund scheme which swindled thousands of crores from hapless, poor people? Left economist Prasenjit Bose joined IBNLive readers for an interaction on the issue. Q. Who is responsible for this? Asked by: sridhar gutam A. hi sridhar, I think the main culpability lies with the party in power, i.e. the Trinamul Congress. this telegraph report is quite...
06:08 PM, Apr 25, 2013
Thiruvananthapuram: Gujarat Chief Minister Narendra Modi on Wednesday visited Sree Narayana Mutt at nearby Sivagiri in Kerala for an event amid a controversy and protests by the Left activists. Modi's five-hour visit to the state came against the backdrop of the Left attacking the authorities of the Mutt, which is dedicated to the ideals of 20th century saint-reformer Sree Naryana Guru who preached the message of unity of humanity, for...
02:29 AM, Apr 25, 2013
Kolkata: The Trinamool Congress (TMC) and the Left traded charges against each other over the chit fund scam in West Bengal on Wednesday. While the Left accused TMC of involvement, the latter said the chit fund companies were allowed to flourish even during the former's rule. "The Saradha group started in 2006. The chit fund companies mushroomed in Left regime. It's not only the question of Sudipto Sen. Clarifications have...
10:21 PM, Apr 24, 2013
Amid growing public outrage over an allegedly fraudulent investment scheme run by Saradha group, market regulator has begun a fresh probe into the fund-raising activities of the Kolkata-based entity. The capital market regulator is looking into whether its Collective Investment Scheme (CIS) regulations were violated while raising funds from the public, a senior official said. ...
11:45 PM, Apr 23, 2013
Amid growing public outrage over an allegedly fraudulent investment scheme run by Saradha group, market regulator has begun a fresh probe into the fund-raising activities of the Kolkata-based entity. The capital market regulator is looking into whether its Collective Investment Scheme (CIS) regulations were violated while raising funds from the public, a senior official said. ...
11:30 PM, Apr 23, 2013
New Delhi: Amid growing public outrage over an allegedly fraudulent investment scheme run by Saradha group, market regulator has begun a fresh probe into the fund-raising activities of the Kolkata-based entity. The capital market regulator is looking into whether its Collective Investment Scheme (CIS) regulations were violated while raising funds from the public, a senior official said. Sources said that Sebi began the latest round of investigation after certain complaints...
01:42 PM, Apr 23, 2013
Kolkata: There was another suicide bid by a Saradha Group agent hit by the chit fund scam in West Bengal. Twenty-eight-year old Tapasi Singha tried to commit suicide by consuming sleeping pills. She had a liability of Rs 5,30,000. Tapasi and her husband Sri Nandan Singha were agents of Saradha realty. She has been admitted in Jangipur Sub Divisional Hospital. As lakhs of investors in West Bengal lose their savings...
12:47 PM, Apr 23, 2013
Kolkata: As lakhs of investors in West Bengal lose their savings in a chit fund scam following the collapse of the Saradha Group, Chief Minister Mamata Banerjee has been shifting the blame on the Left. This even as heat builds on Trinamool Congress MP Kunal Ghosh who headed Saradha group's media unit. But he claims it was a while back when he was working as a journalist. Advocate Basabi Roy...
10:46 AM, Apr 23, 2013
Kolkata: With her government drawing flak after the Saradha Group downed shutters, West Bengal Chief Minister Mamata Banerjee on Monday blamed the erstwhile Left Front regime for the mushrooming of chit funds, alleging it had not even acted on presidential advice for a strong legislation to contain the menace. Breaking her silence on the issue days after the firm went bust, affecting lakhs of agents and distributors who had parked...
05:38 AM, Apr 23, 2013
As lakhs of investors in West Bengal lose their savings in a chit fund scam following the collapse of the Saradha Group, the state government on Monday formed a special investigation team (SIT) and instituted a high-level inquiry into chit fund companies operating in the state. ...
11:55 PM, Apr 22, 2013
