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4.5 lakh NGOs likely to come under ambit of Lokpal by Himanshi Dhawan

All non-government organizations (NGOs), which receive donations from the public or receive foreign funds in excess of Rs 10 lakh, could come under the ambit of the Lokpal, according to the recommendations of the parliamentary panel on citizens' ombudsman's draft report. Significantly, this provision will allow NGOs run by activists like Anna Hazare, Arvind Kejriwal and Kiran Bedi and other Team Anna members to come under the anti-corruption watchdog.  If accepted...

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FDI in retail, trigger for another day of tumult

-The Hindu   Trinamool jumps on Opposition bandwagon, while Akali Dal backs move Cabinet clearance for Foreign Direct Investment in multi-brand retail led to tumult and uproar in Parliament, with both Houses adjourning without transacting any business for the third successive day on Friday. Going by the Opposition's hostile reaction, there is a question mark over smooth conduct of proceedings when Parliament meets on Monday. Communist Party of India Parliamentary Party leader Gurudas Dasgupta has...

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Cabinet clears Companies Bill; to be taken up this session

-The Indian Express   The Cabinet today approved the Companies Bill 2011 which, once approved by Parliament, will replace half-a-century-old Act. "The Cabinet has cleared Companies Bill, 2011. It is likely to be tabled (for consideration and passage) in the ongoing Winter Session," a Corporate Affairs Ministry official said after the Cabinet meeting. The Bill, which has already been vetted by the Parliamentary Standing Committee of Finance and also by different ministries, seeks to...

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92 Rajya Sabha MPs have pecuniary interest: RTI

-The Economic Times   Jairam Ramesh may have stirred up a hornet's nest when he, as environment minister, complained of MPs indulging in conflict of interest by lobbying for environmental projects, but a look at the Register of Interest of Rajya Sabha members proves how MPs have managed to find a place in many House panels despite having business interests in the sectors concerned. According to the register of interest, made public...

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Nod for 26% FDI in pension funds by Remya Nair

The govt has thus rejected the recommendation of the Parliamentary Standing Committee on Finance that the 26% FDI cap be a part of the Bill The cabinet on Wednesday cleared amendments to the Pension Fund Regulatory and Development Authority Bill, 2011, capping the overseas investment limit in the sector at 26%, but retaining the flexibility to raise this limit by stating that it would not form a part of the legislation. The...

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