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Economy and Politics

The Union Budget for 2012-13 may be presented as usually scheduled on the last day of February next with both Government and Election Commission not foreseeing any problem due to Assembly polls in five states.

 
 
The Indian rupee rises following gains posted by the euro and other currencies against the American dollar overseas and a higher opening in the domestic stock market.
The government announces the reconstitution of the powerloom board to be headed by Textiles Minister Anand Sharma.
 
 
A paralysed government, buffeted by corruption scandals and political opposition, appears to have run out of the will to confront the challenges facing the economy.
The Indian economy is poised to grow at 7.6 per cent in the current fiscal against earlier projections of 8 per cent, RBI Governor D Subbarao said.
The Income Tax Department seized Rs 300 crore in black money, including cash and jewellery, during April-October, 2011-12, Parliament was informed on Tuesday.
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