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Ripple effect of rising fuel prices: Get used to high food prices, RBI can do little to counter them -Avinash Celestine

-The Economic Times Like his predecessor, RBI governor Raghuram Rajan too remains worried about inflation. And despite repeated attempts, the RBI has had mixed success in taming prices. Reserve Bank of India governor Raghuram Rajan has clearly decided to play spoilsport to the markets. By making it clear that he, like his predecessor, remains worried about inflation, he has also effectively signalled that with consumer prices at 9.5%, markets shouldn't expect those...

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Banking Facilities Inaccessible, Tribal Woman Suffers

-Outlook Gadchiroli: A poor tribal woman has been running from pillar to post for the last 15 days to open a bank account. In absence of a bank account, Sarika Sanjay Madavi, who has a two-month-old child, is unable to avail benefit of a financial assistance scheme of the Maharashtra Government. The 25-year-old resides with her husband and mother- in-law in village Chatgaon under Dhanora taluka of this Eastern Maharashtra district, which is...

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Pulling manufacturing out of the rut-Arun Maira

-The Hindu It is the only sector that can create jobs and prevent the economic crisis from deepening In the last two decades, the Indian economy has witnessed a transformational change to emerge as one of the fastest growing economies in the world. Economic reforms unveiled in 1991 have brought about a structural shift enabling the private sector to assume a much larger role in the economy. GDP growth has largely been...

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Schemes for minorities being cornered by non-Muslims: Report -Deeptiman Tiwary

-The Times of India NEW DELHI: Even as minority politics takes centrestage in the wake of recent riots in Uttar Pradesh, a report by the Council for Social Development shows how the UPA government has failed to implement the recommendations of the Sachar Committee, with its response to Muslim deprivation at best being "cautious and minimalist". The report said most of the benefits intended for minorities were being cornered by either...

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Low-end wart in FDI in research -GS Mudur

-The Telegraph New Delhi: Foreign corporations have created over 247,000 jobs through research and development (R&D) investments in India over the past decade, but most of the activities appear relatively unimportant with little long-term gains , researchers have said. The study, described as the first comprehensive assessment of foreign direct investment (FDI) in R&D, has challenged suggestions by Indian science policy makers and foreign corporations a decade ago that turning India into...

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