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Agriculture back in focus as growth estimate gets downgraded by banks like Morgan Stanley, Standard Chartered-Gayatri Nayak

-The Economic Times When the country was growing at more than 8 per cent for about a decade, services and manufacturing were the darlings of policy-makers, investors and talking heads. Agriculture, a segment that employs nearly half the hundred crore population of the country, was hardly mentioned even in passing. This year, thanks to a poor monsoon, suddenly the farmers are the centre of India's growth story, or the lack of...

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Economic prosperity fuelling food inflation: Raghuram Rajan

-PTI Economic prosperity is fuelling food inflation in the country, Chief Economic Adviser Raghuram Rajan today said while making a case for increasing productivity to fight price rise. In his first media interaction after assuming charge, Rajan justified the diesel price hike saying there is a need to link domestic fuel prices with international rates to curb fiscal deficit. "One of the concerns of the last few years has been food inflation, which...

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Singh’s Homespun Plea for Liberalizing India -Chandrahas Choudhury

-Bloomberg It wasn't the Gettsyburg Address -- unless it's poker faces we're comparing. Future historians aren't going to be parsing Prime Minister Manmohan Singh's speech for hidden meanings, and rhetoricians won't be delighting in the majesty of its style and the compression of its effects. It inflamed no passions, as did Mitt Romney's words about the "47 percent," and asserted no big idea or thesis, unless there was one contained in the...

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One-third of world population 'now online'

-Al Jazeera New report from UN's telecommunications agency breaks down international internet usage statistics. About one-third of the world's population now has access to the internet, but more needs to be done in order to achieve internet penetration targets as set out in the Millennium Development Goals, the International Telecommunications Union has said in a new report. Currently, 20.5 per cent of households in developing countries have access to the internet, which the...

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IRDA's draft proposal for insurance cover to BPL families

-PTI Regulator IRDA has come with a draft proposal to expand the reach of insurance cover to Below Poverty Line (BPL) families in the next five years. "The target group shall be the BPL population... Each insurer shall prescribe the target in proportion to their market share. IRDA shall prescribe annual target so as to cover entire BPL population in the next five years," Insurance Regulatory and Development Authority (IRDA) said in...

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