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Aadhaar as money bill means less scrutiny, more haste -Zia Haq

-Hindustan Times New Delhi: It’s quite possible that in this Parliament session, India will make the transition from being a wasteful welfare state to a reformed economy that allocates scarce resources efficiently. The Modi government on Thursday introduced the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill, 2016. When signed into law, the bill will make Aadhaar -- the unique biometric identification number -- central to all social...

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No Gamechangers For Farmers -Ashok Gulati

-The Indian Express Budget makes the right moves on agriculture, but they may not be bold enough. In the last two weeks, Prime Minister Narendra Modi addressed three rallies of farmers, one each in MP, Karnataka and UP. Although it was late in the game, as farmers have been reeling under acute distress for two years, yet better late than never. Addressing the rallies, the PM thundered he would like to...

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No kid in school, no Ration -ASRP Mukesh

-The Telegraph Ranchi: If it takes a village to raise a child, it also takes a village to send her to school. A newly elected mukhiya of a panchayat in Bokaro district, has come up with a unique method to force villagers to send children to school regularly by withholding Ration supplies and other welfare benefits from the family if the student doesn't clock 80 per cent attendance. Mukhiya Ajay Kumar Singh (40)...

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Subsidies: Plug subsidy leaks to help fiscal consolidation

-Business Standard Conventional subsidy bill of Rs 2.44 lakh crore, or 1.7 per cent of GDP, in 2015-16 If lower tax rate is equivalent to subsidising, the National Democratic Alliance government is clearly targeting the 'well-off' segment of the population. Unlike the previous years, the Economic Survey 2015-16 has dealt with the issue of subsidy by giving only a box on petroleum subsidies, while devoting a chapter with nine-and-a-half pages to 'Bounties...

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Arvind Subramanian, Chief Economic Advisor, interviewed by Business Standard

-Business Standard Indian economy is closely integrated with the global economy, which is facing a slowdown, and so the headwinds are difficult to avoid, Chief Economic Advisor Arvind Subramanian told journalists in an interaction after presenting the Economic Survey 2015-16. In this uncertain environment, monetary and fiscal policies should aim to purchase insurance, so to speak, against the global slowdown, he said. Edited excerpts: * In the backdrop of a global slowdown,...

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