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A new hope

-The Business Standard   New climate report means big changes to future agreements Two distinct features set the third report of the United Nations Intergovernmental Panel on Climate Change (IPCC) apart from its two earlier instalments. First, even as the report points out that governments have not done enough to curb, let alone reverse, the rise in the emissions of greenhouse gases (GHGs), it does not seek to instil a sense of despair....

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The weakest link in development lending-Joe Athialy

-The Business Standard     Institutions such as World Bank and Asian Development Bank (ADB) are considered the panacea of all ills that developing countries like India face. Although the amount of money these institutions lend is small, their influence on the economy is high. They continue to be the benchmark for social and environmental policies, good governance, climate change, corruption and so on. A look at some of the reports of these...

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Real cure for Inflation headache: Fix rural infrastructure, process more food

-The Economic Times   Inflation - retail as well as wholesale - has increased in March over relatively benign levels in February. At 5.7%, the growth of inflation based on the wholesale price index ( WPI) was at a three-month high, compared to a ninemonth low of 4.7% seen in February. The Reserve Bank of India (RBI) now sets policy rates by looking at inflation based on the consumer price index (CPI)....

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Will Modi ‘waste’ his mandate?-Sunil Jain

-The Financial Express   Even in the BJP's Chhattisgarh, the costs of running the PDS outweigh the benefits-Aadhaar is the obvious answer   The first nail in Aadhaar's coffin, it has to be said, was driven in by none other than Nandan Nilekani. The day the father of the UIDAI's Aadhaar decided not to be a technocrat anymore, and chose to become a Congressman, he gave Aadhaar a distinct political flavour. It was now...

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The strange case for India's macroeconomic exceptionalism-Shankar Sharma & Devina Mehra

-The Business Standard   The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...

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