News for 'chit-funds'

Next big Ponzi will be an app

Next big Ponzi will be an app

Rediff.com26 Aug 2014

As smartphones penetrate through the country, apps are getting more and more localised, democratised.

Niyamgiri's 'saviour' Rahul holds first road show in Odisha

Niyamgiri's 'saviour' Rahul holds first road show in Odisha

Rediff.com9 Feb 2014

Congress Vice President Rahul Gandhi on Sunday hit back at Odisha Chief Minister Naveen Patnaik for calling the national party "corrupt", saying the ruling Biju Janata Dal is responsible for a series of scams in the state.

Brave journalist who stood against sand mafia kidnapped and burnt alive

Brave journalist who stood against sand mafia kidnapped and burnt alive

Rediff.com22 Jun 2015

Police have already arrested three persons in connection with Kothari's murder.

12 days and counting... Ruckus forces adjournment of Parliament

12 days and counting... Ruckus forces adjournment of Parliament

Rediff.com20 Mar 2018

The no-confidence motion against the government could not be introduced amid the din in the Lok Sabha.

Was quoted out of context: Assam health minister on cancer remark

Was quoted out of context: Assam health minister on cancer remark

Rediff.com23 Nov 2017

His remarks that some people suffer from diseases such as cancer because of sins committed in the past and that it is "divine justice" have sparked sharp reactions.

Why Dilli remains door for Mamatadi

Why Dilli remains door for Mamatadi

Rediff.com7 May 2014

'The numbers have been scaled down for the Trinamool Congress. Today, the upper number of victories seems to be 30, with 25 seats being the realistic option. The Trinamool Congress may still be the largest non-BJP, non-Congress party in the next Lok Sabha, but it may not make it to the Cabinet table, leave alone sit in the top chair,' says T V R Shenoy.

If image is proof, PM should be arrested as well, Mamata says

If image is proof, PM should be arrested as well, Mamata says

Rediff.com13 Dec 2014

Rejecting the demand for sacking Transport Minister Madan Mitra arrested in Saradha scam case, West Bengal Chief Minister Mamata Banerjee on Saturday stepped up her attack on Narendra Modi saying "if image is a proof of criminal conspiracy, then the Prime Minister should be arrested for Sahara scam."

Saradha scam worth Rs 2,460 cr; owner in control of deposits: Probe

Saradha scam worth Rs 2,460 cr; owner in control of deposits: Probe

Rediff.com20 Oct 2013

The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors' monies still remaining unpaid, a latest investigation report has revealed.

Review: Moodar Koodam is hilarious

Review: Moodar Koodam is hilarious

Rediff.com13 Sep 2013

Comedy and satire are beautifully interwoven in Moodar Koodam with excellent support from the cast

Phase 4 of West Bengal polls records 78.05 per cent votes

Phase 4 of West Bengal polls records 78.05 per cent votes

Rediff.com25 Apr 2016

The phase is crucial as it will decide the fate of several ministers -- Finance Minister Amit Mitra, Agriculture Minister Purnendu Basu, Law Minister Chandrima Bhattacharya, Tourism Minister Bratya Basu, Food and Supplies Minister Jyotipriyo Mullick and Agriculture Marketing Minister Aroop Roy.

Saradha ponzi scam: ED seizes Rs 140-cr property

Saradha ponzi scam: ED seizes Rs 140-cr property

Rediff.com8 Apr 2014

The central probe agency has also issued a notice asking general public 'to furnish information and particulars of properties, both movable and immovable as well as bank accounts, in the state of West Bengal and other places, if any, related to Saradha group known to them, with specific details' to it.

Govt extremely determined to push insurance, coal sector reforms

Govt extremely determined to push insurance, coal sector reforms

Rediff.com20 Dec 2014

Jaitley keen to uplift the insurance sector.

'Didi' retains power in West Bengal, set to form government again

'Didi' retains power in West Bengal, set to form government again

Rediff.com19 May 2016

The 61-year-old feisty leader, who had single-handedly wrecked the red bastion in West Bengal in 2011, was unfazed by the Left-Congress alliance ahead of the assembly polls.

TMC scores landslide victory in West Bengal civic polls

TMC scores landslide victory in West Bengal civic polls

Rediff.com28 Apr 2015

In a major boost to the party ahead of next year's Assembly polls, the Trinamool Congress on Tuesday scored a landslide victory in the Kolkata Municipal Corporation bagging 114 of the 144 wards, and also won 69 of the 91 civic bodies in districts across West Bengal.

Currency seizure: RBI official in CBI net, 10 cases so far

Currency seizure: RBI official in CBI net, 10 cases so far

Rediff.com14 Dec 2016

The Central Bureau of Investigation has arrested an Reserve Bank of India official and a JDS leader K C Veerendra, who is also a casino owner, in connection with separate cases relating to alleged illegal conversion of currency post-demonetisation.

Budget issues for Kolkata's football big guns

Budget issues for Kolkata's football big guns

Rediff.com15 Jun 2013

The two giants of Indian football, Mohun Bagan and East Bengal, are facing turbulent times. On the pitch, East Bengal finished a respectable third in the 2012-13 I-League season, while Mohun Bagan finished a disappointing tenth.

Going for a business loan? 5 things you must know

Going for a business loan? 5 things you must know

Rediff.com11 Nov 2014

Here are some features you should be looking out for if you want to opt for a business loan...

Sebi struggles to shield savers from more Saharas

Sebi struggles to shield savers from more Saharas

Rediff.com9 Apr 2015

Sahara chief Subrata Roy may not come out clean in the biggest ever investment fraud that he allegedly did few years ago.

TMC to go it alone in polls; Mamata first to announce candidates

TMC to go it alone in polls; Mamata first to announce candidates

Rediff.com4 Mar 2016

Trinamool Congress will go it alone in next month's Assembly election in West Bengal, party supremo Mamata Banerjee on Friday said and declared the list of TMC candidates which included sports personalities, actors and journalists.

Is Mamata aide Mukul Roy looking for BJP's protection?

Is Mamata aide Mukul Roy looking for BJP's protection?

Rediff.com18 Feb 2015

Speculation is rife that beleaguered Mukul Roy, a close aide of West Bengal Chief Minister Mamata Banerjee and under the CBI scanner in the Saradha chit fund scam, may switch over to the BJP. Neither Roy or the BJP have commented on the rumours. But Roy's recent remarks seems to expose him. Sheela Bhatt and Indrani Roy report.

Trinamool Congress set to sweep Bengal rural polls

Trinamool Congress set to sweep Bengal rural polls

Rediff.com29 Jul 2013

The Trinamool Congress on Monday appeared set to sweep the crucial panchayat poll in West Bengal with a huge margin in most of the districts, taking a comfortable lead in gram panchayat in 12 of 17 districts.

Mamata Banerjee sworn in as West Bengal CM for second time

Mamata Banerjee sworn in as West Bengal CM for second time

Rediff.com27 May 2016

Mamata Banerjee was on Friday sworn in as the chief minister of West Bengal for the second consecutive time, heading a 42-member ministry.

Jaya, Patnaik key to Modi's Rajya Sabha plan

Jaya, Patnaik key to Modi's Rajya Sabha plan

Rediff.com4 Jun 2014

A weak presence in the Rajya Sabha has forced the NDA to try and rope in 'weak links' in the Opposition ranks to pass key legislation in the Upper House.

Advantage Mamata before Bengal polls

Advantage Mamata before Bengal polls

Rediff.com23 Feb 2016

Banerjee has fulfilled two key electoral promises: Ridding Lalgarh of Naxals and bringing peace to Darjeeling

How a farm labourer became a millionare

How a farm labourer became a millionare

Rediff.com21 Sep 2015

From earning Rs 5 a day as a farm labourer to starting an IT services company that is worth Rs 15 million, Jyoti Reddy's story of success is nothing short of an inspiring movie plot.

All you want to know about shadow banking

All you want to know about shadow banking

Rediff.com1 Sep 2014

In advanced economies where the financial system is more matured, the form of shadow banking is more of risk transformation through securitisation.

2G, Telangana, price rise issues stall Parliament for 2nd day

2G, Telangana, price rise issues stall Parliament for 2nd day

Rediff.com10 Dec 2013

Proceedings in Parliament were washed out for the second consecutive working on Tuesday as Opposition members created pandemonium on a host of issues including JPC report on 2G, Telangana, price rise and death of children in relief camps for Muzaffarnagar (Uttar Pradesh) riot victims.

Cong 'undermining' Ambdekar's legacy; I feel proud to work at his feet: Modi

Cong 'undermining' Ambdekar's legacy; I feel proud to work at his feet: Modi

Rediff.com14 Apr 2016

Stepping up his offensive against the Congress, he asked the party to "repent" for what it has not done in the last 60 years.

NDA to divide opposition in Rajya Sabha for passage of insurance bill

NDA to divide opposition in Rajya Sabha for passage of insurance bill

Rediff.com1 Aug 2014

The National Democratic Alliance government's parliamentary managers have a busy weekend ahead, says Rediff.com contributor Anita Katyal.

Is Rahul fit to be LoP?

Is Rahul fit to be LoP?

Rediff.com28 May 2014

'If the Congress is to challenge the NDA government, Rahul Gandhi will have to shed his indifference to Parliament, become more visible and vocal and, essentially, lead from the front,' says Rediff.com contributor Anita Katyal.

Revealed! 628 Indians hold Rs 4,479-cr dirty money in a Swiss bank

Revealed! 628 Indians hold Rs 4,479-cr dirty money in a Swiss bank

Rediff.com12 Dec 2014

Out of these, no balance has been found in case of 289 accounts

Is your broker misleading you?

Is your broker misleading you?

Rediff.com9 Mar 2015

How both brokers and NSEL misled the investors.

Govt to push insurance sector reforms despite opposition

Govt to push insurance sector reforms despite opposition

Rediff.com21 Dec 2014

Govt is keen to push reforms in the insurance sector.

India lost Rs 12 lakh cr due to BJP's opposition to GST: Moily

India lost Rs 12 lakh cr due to BJP's opposition to GST: Moily

Rediff.com29 Mar 2017

Criticising various provisions in the proposed GST regime, Moily said it will be a "technological nightmare" and the anti-profiteering provisions in it are "far too draconian."

Interview: Trinamool MP who is 'leading rebellion' against Mamata

Interview: Trinamool MP who is 'leading rebellion' against Mamata

Rediff.com28 Oct 2013

I am not ruling out possibility of joining Cong again, says Trinamool Congress MP Somen Mitra.

Fighting black money: Modi has failed to keep his promise

Fighting black money: Modi has failed to keep his promise

Rediff.com11 Apr 2016

In his massive election rallies, Prime Minister Narendra Modi often caught voters fancy promising that each individual would get Rs 15-20 lakh in his bank account if he came to power.

Why the once legendary football clubs of Kolkata are fading

Why the once legendary football clubs of Kolkata are fading

Rediff.com3 Nov 2014

Bogged down by inefficient administration and unable to attract financing, the once legendary football clubs of Kolkata are fading into irrelevance.

Analysis: What's behind the Naveen wave in Odisha?

Analysis: What's behind the Naveen wave in Odisha?

Rediff.com23 May 2014

The 67-year-old hasn't only received a clear-cut mandate for an unprecedented fourth term but also done it on his own. From distributing tickets to planning party campaigns to chalking out strategies for the present and the future, the chief minister had played a stellar role throughout, and emerged successful in his endeavour. Bikash Mohapatra reports

'Whenever Mamata opens her mouth, only lies can be heard'

'Whenever Mamata opens her mouth, only lies can be heard'

Rediff.com12 Jan 2016

'Now that there is an election in the offing, she is repeating the same old promises. Does she think the people of Bengal are fools to fall for her lies?'

'Mudra Bank will change the way India is functioning'

'Mudra Bank will change the way India is functioning'

Rediff.com20 Mar 2015

IIM-B, professor R Vaidyanathan talks to Shobha Warrier about black money, Mudra Bank and Jaitley's Budget.