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RBI survey sees lower GDP growth, higher corporate profits

The quarterly Survey of Professional Forecasters conducted by the Reserve Bank of India (RBI) revised India's gross domestic product growth downwards to 6 per cent for 2009-10 from 6.5 per cent in the previous round of the survey. However, the survey has estimated that corporate profits are set to rise in the current fiscal. According to the RBI, the highest probability of 37.5 per cent is assigned to growth range...

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The anarchical society by Deepak Lal

Ever since Gunnar Myrdal’s Asian Drama, which castigated India as a “soft state”, western observers, as well as many members of the Nehruvian wing of Macaulay’s children, have failed to understand the anarchical society which has existed in India for millennia. A recent review (Journal of Economic Literature, September 2009) by Lant Pritchett (a former World Bank official in Delhi) of Financial Times’ former India correspondent Edward Luce’s book In...

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Survey of 422 slums in city planned by Deepa H Ramakrishnan

The Chennai Corporation will soon commission a study on the household and livelihood profile of 422 slums across the city. While it is to effectively implement the schemes funded under the Jawaharlal Nehru National Urban Renewal Mission, the data would also help the civic body assess other welfare measures for those living in slums. The Corporation will float tenders inviting agencies to conduct the survey for gathering the details, including...

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Food dilemma: High prices or shortages

For a man who will inherit vast tracts of fertile farmland in Punjab, India's grain bowl, Jaswinder Singh made what seemed to him a logical career move -- he took a job with a telecoms company in New Delhi. "I can't go back to the village after an M.B.A. Delhi has more money, better quality of life. The job is more satisfying, and you don't depend on the weather or...

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Maternal tragedies by TK Rajalakshmi

A Human Rights Watch report emphasises the need for a system of recording and investigating all maternal deaths.  THE maternal mortality ratio (MMR) is calculated by the number of maternal deaths for every 100,000 births. Consider this: In 2005, India’s MMR was 16 times that of Russia, 10 times that of China and four times higher than that in Brazil. Why should there be such high maternal mortality rates in...

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