Thursday 22 August 2013

GOOD NEWS FOR PRAYAG

GOOD NEWS FOR PRAYAG 





Responding to a question in Rajya Sabha on August 5, MoS for corporate affairs Sachin Pilot said probe has been ordered against these companies and their balance sheets are being scrutinized. Pilot said the state government has already been informed about these firms. The SFIO has dropped a few groups like MPS, Vibgyor, Prayag and Rahul from the new list.
The freezing of bank accounts of some of these ponzi companies has already impacted media and entertainment industry and also the construction industry heavily. Worse, the unaccounted money used to have much more fluidity than the hard-earned money of tax payers. As a result, the abrupt freezing of the fund source has had a major impact on sectors where it used to flow

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