E-PaperDeposit Taking Firms News
Supreme Court directs CBI to probe Saradha, other deposit-taking firms
Judges cite inability of state police to trace where money has been stashed, possible involvement of politicians and others wielding 'influence'
4 min read10 May 2014West Bengal commission yet to act on 500,000 complaints against 73 deposit takers
Five-member commission was asked to receive complaints from depositors and probe operations of all deposit-taking firms
5 min read28 Feb 2014West Bengal to start its own small savings scheme
State’s move comes out of its ‘deep concern’ for the security of people’s savings, says Mamata Banerjee
2 min read8 May 2013How Bengal’s deposit-taking firms unravelled
As small companies mushroomed, fresh deposits for established firms dried up, leading to their collapse
5 min read7 May 2013The other bottom of the pyramid
The victims of frauds of the Saradha kind have financial needs, but are ignored by most finance firms
4 min read3 May 2013Top deposit-taking firm in Bengal feels the heat
Rose Valley stops fresh deposits for two months, claims to have set aside `250 crore to foreclose some deposits
3 min read30 Apr 2013The rise and fall of deposit-taking firms
The collapse of the Saradha Group in West Bengal, once one of eastern India’s biggest deposit-taking companies, could mark the first of a wave of such failures, leaving behind a trail of destruction and heartbreak as people see their savings disappear
13 min read26 Apr 2013Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared