Category Archives: india

Apr 26 2013

Why Rose Valley Can Be Bengal’s Next Big Investment Fraud?

The chit fund scam of Saradha group of industries has raised thousands of Bengal’s investors who have invested their money on similar budding companies of Bengal from slumber. They have started queuing in front of the offices of such promising companies for liquidating their chit fund investments before maturity. However, the investors have been denied cash payment. Instead, they were given written assurance that their hard earned money is in safe hands and will be given back to them in due course of time, thereby causing the investors to lose their faith on such companies.

Sudipta Sen, CMD of Saradha Group

Rose Valley is one of the top five companies of Bengal that is under the strict scan of SEBI or the Securities and Exchange Board of India for similar cause as that of Saradha group. As a matter of fact, Rose Valley’s stakes in West Bengal is about four times more than that of Saradha group and if the assumptions of the market regulating board of India, SEBI turns out to be true, then Bengal’s economy as a whole will be hard hit. It will result in robbing off the savings of millions of hard working and innocent investors of Bengal.

SEBI has confirmed the fact that Rose Valley controls two investment companies under its banner and these two investment firms have collected as much as INR 4000 crores from investors all around Bengal. Though SEBI had issued preventive order against Rose Valley in 2011, but this organization has contested such restrictions on court and used different kinds of delaying tricks to stop SEBI from further investigation and in the meantime it has continued with its campaign of raising more investment from depositors. According to the investigators of SEBI, the real estate and construction division of Rose Valley could raise as much as 1270 crores from the market, whereas its entertainment and hotels division raised about 2900 crores.

In the month of March 2013, SEBI had even penalized Rose Valley with a penalty of 1 crore and filed an FIR against its officials due to their illegal practices. It had been probing about the fraud chit fund schemes going on in West Bengal for quite some time. As the market regulating body was aware of such fraud practices going on in the state, it has been persistently caveating the general public as well as the state government about the fraud schemes of the multi-functional business houses of Bengal through different media like newspaper advertisements and requesting the investors to take informed decision with their hard earned money.

The Chief Minister was also notified by SEBI about the fraudulent chit fund scheme going on in the state about two months back. However, she has not informed the media about the organization that was practicing it.

Rose Valley is under the scanner of the regulatory board right now and if the hypotheses of the authorities of the SEBI turn out to be true, then millions of Bengal’s investors are going to suffer. The investors have already started showing their discontentment by ransacking Rose Valley’s office in Kolkata yesterday. The who’s who of the organization has requested the investors to keep faith in them through an advertisement in the newspaper. However, report of the market regulating body is compelling the investors to lose their cool.

Dec 29 2012

RIP is no more Rest in Peace, Its now Raped in Public

“Kapde Nehi Soch Badlo” that’s what’s the young marchers protesting against the Delhi gang rape case tried to convey to the cold shouldered who’s who of the nation peacefully. But unfortunately they were received by water canons and a bit of thrashing. Their demand before the governing bodies was to make amendments whereby in the future course of time culprits committing such heinous crime should be given capital punishments. Sadly, the politicians of the “so called democratic nation” replied back that they are extremely sorry and ensured that the offenders in this case will receive the “maximum punishments”.

crying_girl

A twenty three year old innocent girl was gang raped and brutally assaulted in the capital of the nation and after struggling for her life for some days she could bear no more. Ironically, the initial reaction of the authorities to such a ghastly incident was: the attires of the girls are the main reason behind such crime, girls should not go out in the night in the first place, glasses of the public transport should be transparent and alike. But the authorities are not ready to take the responsibility of ensuring safety and security to the citizens.

The Constitution of India guarantees ‘Right to life’ to all citizens. So the question is: Isn’t this clause equally applicable for the women as well? Aren’t they allowed to enjoy equal rights as that of others? Why are they asked to compromise with the kind of attire they wear or the time they should hang out? Aren’t the governing bodies competent enough to ensure the safety and security of all citizens of the nation? If yes, so from where does the question of inappropriate dressing sense or lifestyle of ‘only the girl’ arises? Are we demanding too much from the authorities of this nation?

The fact is that ‘respect for the womenfolk’ is largely missing and which is the primary cause behind the degrading social scenario of the nation as well as the increasing crime rate. Women are never being treated as equal or competent enough to contend with the opposite gender. In our ‘so called democratic nation’ they are being treated as one class of people who have no right to voice their opinion but oblige under every circumstance. These constructs not only dominate the thoughts of the common people but also the authorities of the nation as is evident from their remarks.

Amazing line said by “parineeti chopra” in her press conference – “The problem is “Man” hence men should not be allowed to go out of home after 9 PM and not us !!!!!”

First and foremost, the citizens of the nation need to change their attitude towards the womenfolk and learn to respect them. A girl child is still regarded as a burden in most Indian household. From the very childhood they are being taught to oblige to the irrational and biased decisions of the opposite sex. And in case you try to voice your opinion, you will be punished for your behavior and tagged as being a ‘modern’ girl who should learn to behave in the appropriate manner.

However, the men who actually commit such heinous crime are hardly held responsible for their act. In most cases it can be seen that the men who commits such crime were drunk. But have the authorities put any restriction on the sale of alcohol or taken any other measure to stop such incidents? The answer is no. On the contrary, the girls are asked to be cautious, to restrict the hours of their movement or take similar measures. Who knows in the future course of time, they might be even asked to cover themselves up while moving around to avoid such incidents. However, the authorities who have been entrusted with the duty of protecting us are not yet prepared to perform their duty ‘responsibly’.

May 24 2012

Finally Football Players In India Have A Reason To Smile

In a country like India, barring cricket, all other sports are much underrated. Be it hockey, football, tennis, and so on. Blame it on the lack of investment in these sports, or the lack of interest among people, but these sports do not get the kind of attention that cricket does.

The credit of introducing football in India goes to the British soldiers, who brought the game to the country in the mid nineteenth century. The result was that football became hugely popular among the people and numerous football clubs like Mohun Bagan, Sovabazar Club, etc. were set up in Calcutta.

After the success of Mohun Bagan Club, many other football clubs came into being over the rest of the country. Soon, the national football team was also formed. It was quite successful until the 1970s, winning worldwide tournaments and bringing much fame to the country.

However, the post 1970s period saw a major downturn for Indian football. After a glorious phase of remaining among the top Asian football teams, the state of football deteriorated due to several reasons.

The availability of proper infrastructure and the performance of football players is dependent on each other. Ample support to players in terms of proper grounds, sponsorship and funds helps them improve their skills in the game, which in turn would mean more recognition to the team or the country. What lacks in this regard is that the Government shows least interest when it comes to the development of lesser popular sports. Instead of setting aside a piece of land for ‘practicing football’, the Government should build proper stadiums and hire expert and technically skilled trainers.

Another important thing that is necessary for the successful development of football in India is the right attitude in the minds of the people. Football players, who take up this sport professionally, pass on the blame of their incompetence to the lack of support from others. Often it is their family and peers who think football as a profession will not help them in making money, and they should look for other options. There are very few players in the real sense of the term, and who have the necessary passion for the game.

However, of late, things have begun to improve for the game. FIFA has undertaken to develop the game and drive it towards a better tomorrow. Approval of new football fields projects, funding for infrastructure and encouraging players to take the sport seriously are some steps taken by the FIFA in this respect. Wannabe and current football players in India now definitely have something to be happy about! And we can hope for the best in future!

Feb 28 2012

Snapdeal vs Dealsandyou: What is the future of e-commerce retailing in India?

In the past few years, e-commerce retailing has grown in India at a rapid pace. The convenience of shopping and the increase in the purchasing power of the consumers have enabled the unprecedented growth of e-commerce retailing in the country.

Snapdeal.com is an online shopping website, which offers daily deals and discounts in various sections such as dining, beauty, lifestyle, health, entertainment, travel, etc. Customers can purchase their favorite products like apparels, mobile phones, watches, perfumes, accessories, etc. from their favorite stores and as per the convenience of location.

Dealsandyou.com is also an online shopping website which offers the best deals to visitors depending on their location. The deals are offered on a daily basis, with a time gap of 24-48 hours given to visitors to invite their acquaintances. A wide range of products are sold at discounted rates, with the discounts up to 90% on various products. Be it fashion, lifestyle, health, fitness, beauty, dining, entertainment, or travel, Dealsandyou has everything for everyone and at every location.

Both Snapdeal and Dealsandyou services are provided through emails or SMSes, where customers are informed about the exciting new deals as on that day. The customers just have to login to the website, select the item of purchase and click on the ‘buy’ button. A confirmation message id sent over the phone as well as the email, after which the customer can print the voucher and redeem it at the vendor’s store.

Because of the simplicity of the procedure, such e-commerce retail shops are gaining rapid popularity among customers who look for daily deals to enjoy the shopping experience and want to get the best out of it. The only matter of concern in such e-commerce retailing websites is the security of personal data of customers. However, these websites promise ample security measures to prevent misuse or hacking of data.

But as per industry experts, the future of e-commerce retailing in India is quite bright. People are increasingly getting engaged in their work schedules, which leaves little time for them to visit shops and bargain for the products purchased. Also, they prefer a shopping experience which is value for money, and the discounted prices of products on websites like Snapdeal and Dealsandyou do just that for customers.

This indicates that the trend of shopping in India is going to change soon, and the future of e-commerce retailing in India looks quite secure.