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Black money debate: Government agrees to bring white paper

-The Economic Times Finance minister Pranab Mukherjee has said he had directed three institutions - NIPFP, NIFM and NCAER - to come out with a defendable assessment of the quantum of black money stashed away by Indians in foreign banks. Replying to the discussion on the adjournment motion moved in the House by BJP veteran LK Advani on "the situation arising out black money deposited illegally in foreign banks", Mukherjee declared...

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RD ministry goes plan panel way, to discuss annual funds with states by Subodh Ghildiyal

The Union rural development ministry has decided to ape Planning Commission's discussion with states for annual Finances to send a stronger message about Centre's authorship on welfare schemes, a move aimed at addressing the longstanding gripe of Congress that states were cornering all the credit. The ministry has asked states to prepare for "annual plan discussion for RD schemes" from 2012, a consultation to finalise their budget for each scheme...

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Lokpal consensus being stitched: Extent of control over CBI remains sticky point by

-The Economic Times   The extent of control that Lokpal should have over CBI remained a sticky point at the all party meeting here on Wednesday. NDA representatives at the meeting insisted on the investigative independence of the CBI and its complete disassociation from government. The all-party meeting was essentially aimed at hearing out the views of various political parties on the anti-graft body. BJP, Left and BSP insisted that the Bill...

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Centre to set up Rs. 1,000-crore fund to promote housing for poor by P Sunderarajan

It will provide credit risk guarantee to banks on the loans Prime Minister Manmohan Singh on Tuesday announced that the Centre was considering setting up a credit risk guarantee fund with a corpus of Rs. 1,000 crore, to start with, to encourage banks to lend to the poor for housing. Emphasising that developing housing for the poor was critical for sustainable urban development, he said: “To encourage banks to lend in significant...

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