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Neoliberal Plan by Venkitesh Ramakrishnan

The Planning Commission's Approach Paper to the Twelfth Plan sticks with the neoliberal agenda despite claims of inclusive growth. INCLUSIVE was one word that came up time and again in the early announcements of the Planning Commission on the Twelfth Five-Year Plan. “Faster, Sustainable and More Inclusive Growth” was the slogan coined for the Plan and there was the promise of widespread consultations as never before as part of the processes...

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Cost of mining: dry lakes, barren fields across a state once green by Shalini Nair

While imposing a ban on mining in Karnataka’s Bellary district in July this year, the Supreme Court had reasoned that the massive environmental damage caused by excessive mining impinges on the constitutional right to life. In neighbouring Goa, the latest state rocked by a mining scandal, the destruction could be on an even larger scale if one compares mining figures and relates these to the areas of the large district and...

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Telling the wrong story by Dipankar Gupta

Is the Congress afraid of winning in Gujarat?  Nothing else explains why it lets Narendra Modi tom-tom development when it should have been the Congress banging the drums. The economic achievements of governments before Modi's read like an award citation, but too much secularism has since led the Congress astray. Instead of showcasing its past performance to regain Gujarat, it is obsessed with nailing Modi as a communalist-in-chief. Naturally, it is...

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UID valid residence proof for opening bank acount: Nandan Nilekani

-The Times of India   Unique identification authority said the Aadhaar cards issued by it are a valid residence proof for opening a Bank Account. "Aadhaar is a valid 'Know Your Customer' (KYC) document for opening a Bank Account," Unique Identification Development Authority of India (UIDAI) chairman Nandan Nilekani said. "Aadhaar letter has two parts - identity and address. If the address which a person shows to the bank, is the same address...

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States holding up plan to recapitalize regional rural banks by Remya Nair & Anup Roy

The Union government’s plan to recapitalize 40 of the 82 regional rural banks (RRBs) is at risk as some of the state governments are either delaying or refusing to pay their share of money. Due to this, the government has only been able to recapitalize around 12 RRBs, with the stakeholders collectively infusing Rs. 300 crore. The cabinet had approved the Rs. 2,200 crore recapitalization plan of 40 RRBs in February,...

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