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

Bhutan, The Nation of 'Gross National Happiness' Votes For Second Time

The tiny Himalayan kingdom of Bhutan began voting Tuesday for the lower house "National Council" only for the second time, five years after the country became a Democratic Monarchy in a historic move that saw the king voluntarily stepping down from his absolute power. The voting will follow the more important election for the National Assembly in June in which a political party will be elected as the new government. Apr 25, 2013

Poisoned Letter for Barack Obama A Hoax? What is Ricin?

A letter addressed to President Barack Obama, which was suspected to contain deadly poison, reportedly tested negative, according to U.S. Capitol Police. FBI had earlier said that preliminary tests on the letter contain poisonous ricin. Apr 18, 2013