MLM / Chain Money
Chit fund firm boss held in Odisha
Odisha's crime branch (CB) team on Sunday arrested the managing director of Vista Management Services Ltd. in connection with a multi-crore-rupee chit fund scam in the state.
The Economic Offences Wing (EOW) of the crime branch arrested Deb Kumar Panda, managing director of the chit fund company, for duping depositors of about Rs.50 crore, superintendent of police of EOW Rajendra Patnaik told reporters here. 
He said Panda was arrested from the Bhubaneswar railway station while leaving for Vizag for a flight to Singapore. 
The police also seized his passport, visa, air ticket, hotel booking receipt and some foreign currency from his possession. 
The crime branch arrested the accused on the basis of a complaint lodged by several depositors from western Odisha on April 23 this year. 
Panda, who began operating the chit fund company in 2008-2009 in the state, is alleged to have duped depositors of about Rs.50 crore by floating various schemes and promising lucrative returns. 


World's oldest comatose patient Aruna Shanbaug dead
World's oldest comatose patient, nurse Aruna Shanbaug who had been in a vegetative state ever since she was raped, died in Mumbai's KEM Hospital on Monday morning after remaining in coma for almost 42 years, Dean Avinash Supe said.
He said police permissions and other formalities are being completed before finalizing Shanbaug's last rites later on Monday.
Supe has made a public appeal to help trace any relatives or people close to Shanbaug who can get in touch with the hospital immediately.
A junior nurse, Shanbaug was brutally raped by contract sweeper boy Sohanlal B. Walmiki in the same hospital on the night of November 27, 1973 when she was changing.
While indulging in the act, he had choked her with a chain which cut off oxygen supply to her brain, resulting in injuries to the brain stem and cervical chord injury that left her in a vegetative state since then.


Public Interest Exclusive
Debashis Basu gets this year’s Shriram Sanlam Award for Excellence in Financial Journalism

Moneylife's Editor Debashis Basu received the Shriram Sanlam Award for his columns in Business Standard


Debashis Basu, Editor and Publisher of Moneylife as well as Founder-Trustee of Moneylife Foundation was on Friday felicited with the Shriram Sanlam Award for Excellence in Financial Journalism. He received this Award for his weekly columns in Business Standard. The Award is given by Shriram Group and South Africa's Sanlam Group.
Mr Basu was felicitated in the presence of Railway Minister Suresh Prabhu, Gideon Rachman, Chief Foreign Affairs Commentator of Financial Times and Ajay Piramal, Chairman of Shriram Capital Ltd in New Delhi. Several prominent personalities from the world of banking and finance including regulators and corporate India were present during the Award presentation.
Mr Basu received the Award for his column “A Swachh Financial Sector Abhiyan?” published in the Business Standard on 16 November 2014.  In the column, Mr Basu discussed about Financial Sector Legislative Reforms Commission (FSLRC), another initiative from the United Progressive Alliance (UPA) government that Prime Minister Narendra Modi was keen to adopt and implement.
Shriram Sanlam Awards for Excellence in Financial Journalism was instituted in 2012 by Shriram Capital in association with Chennai-based Institute for Financial Management and Research (IFMR). Each Category Winner receives a cash prize of Rs1 lakh along with a citation.
Commenting on the Awards, GS Sundararajan, Wholetime Director, Shriram Capital, "The winners of Shriram Sanlam Awards for Excellence in Financial Journalism 2014 represent the best of that fraternity.  Shriram Capital and Sanlam recognize that the potential of Financial Journalism and the positive impact it can create to the economy as a whole. These awards are aimed at encouraging a transformational approach to Financial Journalism in the medium term."
TCA Srinivasa Raghavan was conferred with the prestigious Lifetime Achievement Award and AV Rajwade was conferred with the special Hall Of Fame Award at the 3rd Edition of the Shriram Sanlam Awards for Excellence in Financial Journalism by Mr Prabhu.
"Today, the world desperately needs good, credible Financial Journalism with quality compelling content. Business and Financial journalists are an important source of knowledge on what is happening in the BSFI sector and have a great influence on the views of key players, decision makers, influencers as well as their readers. Economic and business stories now move at a digitally driven speed that does not allow as much time for comprehension, let alone reflection. Radical changes and dynamic developments emphasise the need to stand still, think and ponder. There is a pressing need to recognise those pearls of journalistic wisdom that stimulate the much-needed change in the thought process of the corporate world. After all, a business journalist is an instrument of change and an influencer of influential!" Shriram Capital says about the objective behind these Awards.
(Ian Kirk, Deputy CEO, Sanlam Group, TN Ninan and Ajay Piramal (Centre) with all the Winners of the Shriram Sanlam Awards for Excellence in Financial Journalism 2014)
Here are the Winners from different categories this year…

1. Economic Policy - No Winner Announced
2. Financial Markets -Winner : Debashis Basu , Runner Up -: Devangshu Datta
3. Financial Institutions - Winner: Raghu Mohan, Runner Up: Atmadip Ray & M Rajshekhar
4. Sectoral Issues - Winner:  Aarati Krishnan , Runner Up : Goutam Das & N Madhavan
Mr Basu while expressing gratitude to the Shriram group for sponsoring the Award and the jury members for selecting him, said, "My heartfelt gratitude to the anonymous soul who nominated me, or anyone else who may have been behind me getting this award. Winning an award was never in my mind. My first article appeared in May 1984, exactly 31 years ago. After three decades, people do get jaded and bored. This award will inspire me all over again to plug away in the years to come."




Sreekanth Yelicherla

2 years ago


Dharmesh Sampat

2 years ago

Dear Debashis Sir,

Heartiest Congratulations to you for the award.

We are very lucky to read your columns and get real insight into policy matters related to Financial sectors in the columns of Business Standard and also understand Personal Finance in stories of Moneylife.

There are very few people who would be visionary like you and bring the truth to the masses.

In today's era of compromised media, you are a major pillar & guide to the masses.

Your articles in Business Standard on Policy matters are benchmark for me to gauge the work of Establishment.

There are rarely any journalists who have such deep insight into the policy matters & bring out before the public. We are privileged to have you to have always enlighten us on a complex subject of Financial policy.

I also want to express my gratitude for giving us a platform of Moneylife; Moneylife Foundation.
With regards to Moneylife stories & Moneylife Foundation, I would express my heart out in one term 'EMPOWERING THE AAM SAVER/INVESTOR'.

Yes, your columns in Moneylife and events of MLF make the ordinary saver 'EMPOWERED'. I strongly feel 'Empowered'. Else, an average saver/investor is left in lurch to feel helpless.

But your mission has empowered every such AAM INVESTOR & SAVER.

Every event in Moneylife foundation brings something new for the janta to learn and implement.

Be it your magazine, MSSN, Stock letters- Every bit of it has empowered the aam saver.

May you reach new heights !

The Aam Investor/saver shall always be indebted to you !


MG Warrier

2 years ago

Hearty congratulations to Debashis Basu. As a regular reader of Basu's column in Business Standard and Moneylife which he edits and contributes articles to, I am an admirer of the person who does not hesitate to express his views.


Debashis Basu

In Reply to MG Warrier 2 years ago

Thank you all for your very kind words. :)


2 years ago

Hope someone has the courage and wisdom to implement your well meaning ideas as well . . . Hearty Congrats Mr.Basu!!


2 years ago

Congratulations Mr.Basu. You and your team at Moneylife are a few of those honest but endangered species of your ilk.

You give hope for those who want to be honest.

I wish many more such awards for you as they encourage honesty and hence good for the society.


2 years ago

Hearty Congrats to shri Debashish Basu for his long overdue honour. He deserved that long back. However, better late than never. I wish him many more milestones to achieve in this colourful journey.
Best of luck to Moneylife.


Debashis Basu

In Reply to MOHAN SIROYA 2 years ago

Thank you sir :)

Harish Kohli

In Reply to Debashis Basu 2 years ago

My heartiest congratulations for the award. Sooner or later dedication is rewarded. Should have been sooner than later.

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