-PTI Anna Hazare's anti-corruption movement that saw Indians rally in support has been named among the top 10 news stories in the world this year by Time magazine, which listed the Arab Spring and killing of Osama bin Laden as the top attention-grabbing headlines. Time magazine compiled 54 wide-ranging lists of the top 10 happenings in 2011 in the field of politics, entertainment, business, sports and pop culture. Among the 'Top 10 World-News...
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Black money: BJP MPs to give declarations tomorrow of not having illegal money in foreign banks
-PTI BJP MPs will submit tomorrow declarations to the presiding officers of their respective Houses of Parliament, stating that they do not have any illegal money stashed in any foreign bank or tax haven abroad. BJP leader L K Advani had announced on the completion on his nation-wide yatra against black money and corruption that all party MPs will submit declarations that they do not have any illegal funds in Swiss banks...
More »India income inequality doubles in 20 years, says OECD
-BBC Inequality in earnings has doubled in India over the past two decades, a new report says, making it one of the worst performers among emerging economies. The Organisation for Economic Cooperation and Development (OECD) says the top 10% of wage-earners make 12 times more than the bottom 10%, compared to six times 20 years ago. The OECD says India has the highest number of poor in the world. Some 42% of its 1.21...
More »Supreme Court: the balancing act by Nikhil Kanekal
Despite criticism of the appointment process, and pendency , the Supreme Court appears to enjoy public confidence like no other institution As the Supreme Court of India approaches its final week of hearings for the year, a look back shows it has dominated the national consciousness by ruling on myriad issues. The court was conceived by the framers of the constitution to deal mainly with fundamental questions of law. But India’s top...
More »FDI policy suspended for now for peace in Parliament
-IANS The deadlock in Parliament over the government's decision to allow foreign direct investment (FDI) in retail ended on Wednesday after an all-party meeting passed a resolution to suspend the move till a consensus was reached. Both houses of Parliament functioned normally and took the crucial Question Hour for the first time since the winter session began on November 22. Finance minister Pranab Mukherjee who chaired the meeting made a brief statement in...
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