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Running on fumes -Paranjoy Guha Thakurta

-The Asian Age The sharp and sudden collapse of international prices of crude oil brings significant short-term gains for the Indian economy. However, in the medium and long run, the fall in oil prices has ramifications that are far from positive for this country. The windfall gains that have accrued will provide temporary relief for finance minister Arun Jaitley and will enable him to meet the fiscal deficit target in the...

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Decoding the oil price fall -Raghuvir Srinivasan

-The Hindu Year 2015 will be crucial as shale oil firms begin to feel the pinch of low prices Are falling oil prices good or bad for the Global Economy? And how do they work for India? Till recently these questions were no-brainers. Cheaper oil is obviously good for the Global Economy; for an energy-intensive economy such as India's, which also depends on imported oil for meeting four-fifths of its needs, a...

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India bright spot in Global Economy; caste bias a concern: World Bank

-PTI GANDHINAGAR (Gujarat): World Bank on Sunday said India can grow at 6.4 per cent in 2015 and accelerate further next year, but cautioned that an enduring "bias" on the basis of caste and other factors can impede prosperity. The government, however, is well aware of this issue and the World Bank sees India as "a bright spot in an otherwise mediocre global economic outlook," the multilateral lending agency's president Jim Yong...

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Improving an unworkable law -Sanjoy Chakravorty

-The Hindu For the land-acquirer, the land act ordinance tries to lessen the indirect price of acquisition and transaction by diluting requirements for social impact assessments and referenda. For the land-loser, it not only retains all forms of compensation and rehabilitation, but also grows the number of those eligible for lucrative pay-offs The government of India continues to search for the right way to do land acquisition. Last week, the Union Finance...

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Universal healthcare: the affordable dream -Amartya Sen

-The Guardian Universal healthcare is often presented as an idealistic goal that remains out of reach for all but the richest nations. That's not the case, writes Amartya Sen. Look at what has been achieved in Rwanda, Thailand and Bangladesh Twenty-five hundred years ago, the young Gautama Buddha left his princely home, in the foothills of the Himalayas, in a state of agitation and agony. What was he so distressed about?...

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