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Walking the fiscal tightrope by Laura Papi & James P Walsh

With India growing faster than almost every other large economy, the government is right to address its long-run challenges. The push for investment in infrastructure is bearing fruit and the expansion of social programmes such as the National Rural Employment Guarantee Act (NREGA) and the Right to Education Act (RTE) is spreading the benefits of growth across the population. But just as improved infrastructure doesn’t eliminate all traffic jams, rapid growth...

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Investing in 'green economy' can boost growth, reduce poverty – UN report

Investing around $1.3 trillion – or two per cent of global gross domestic product (GDP) – into ten key sectors can kick-start a transition towards a low-carbon, resource-efficient 'green economy' that can also help reduce poverty, says a new United Nations report launched today. The UN Environment Programme (UNEP) presented the report, “Towards a Green Economy: Pathways to Sustainable Development and Poverty Eradication,” to environment ministers from over 100 countries at...

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Infrastructure push vital to achieve growth target by Sujay Mehdudia

Continued poor performance of some key infrastructure sectors cause for concern As India is on the path of achieving 8.5 per cent economic growth, aiming to exceed the 9 per cent growth mark next fiscal, the biggest worrying factor that could derail this horse power of growth and play spoilsport in the “growth story” of the UPA II government is the poor state of infrastructure and its tardy pace of development...

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India's numbers

The world's second largest national headcount operation, the Census of India, is significant for several reasons. The largest peace-time administrative activity of the Indian state is also the third since economic liberalisation was initiated. Three decades is enough time for a nation to assess the economic impact and implications of a change in macroeconomic policies, and hence Census 2011 should provide statistical insights into what the move away from state-led...

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UN pushes for social schemes to protect poor at mere fraction of national wealth

The United Nations began laying the groundwork today for a global “social protection floor” that would guarantee food security, health services for all and old-age pensions, with a senior official stressing that all that is lacking is the political will for an initiative needing minimum investment. “Social security is a human right. We’ve forgotten that for a very long time, but roughly only 20 per cent of the global population has...

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