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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...

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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...

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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...

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Bihar Assembly passes State Lokayukta Bill by Shoumojit Banerjee

-The Hindu   Move to give more teeth in combating corruption In a move envisaged to give more teeth in combating corruption, the Bihar Assembly on Wednesday passed the Bihar Lokayukta Bill, 2011 by voice vote. State Parliamentary Affairs Minister Mr. Vijendra Prasad Yadav tabled the Bill which was subsequently taken up for voting by the Speaker Mr. Uday Narayan Chaudhary, following deliberations by legislators from the ruling and Opposition parties. “We have drawn up...

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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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