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Will budget offer a remedy for the creaking infrastructure? -Sujay Mehdudia

-The Hindu India’s infrastructure is bursting at the seams, unable to cope with the pressure from the growing economy. Developing the sector will help to create jobs and result in higher economic growth The Gross Domestic Product (GDP) is likely to grow 5.5 per cent and the economic slowdown shows no sign of halting. India’s infrastructure is bursting at the seams, unable to cope with the pressure from the growing economy. Spurring...

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12th Five Year Plan Focuses on Inclusive Growth: Montek

-Outlook Lucknow: Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the 12th Five Year Plan lays emphasis not merely on economic development but on inclusive growth to bring more poor and marginal people under its ambit. "The one point that I find reading the newspapers talking about the economic development is that there is a tendency to think that economic growth is a very narrow objective," Ahluwalia said while addressing the...

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EPFO to include 'AAA' rated corporate bonds in portfolio-Raj Kumar Ray

-The Indian Express The Employees' Provident Fund Organisation is set to widen its investment horizon by including 'AAA' rated corporate bonds of any private company in its portfolio following a clean chit from Crisil, a move that can open up a window for blue-chip corporates to raise about Rs 35,000 crore through long-term debt papers annually. Crisil, which was appointed by EPFO to advice on investment portfolio, has said that none of...

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Prosecutor was helping key accused in 2G case, CBI says

-The Times of India   In a stunning twist to the 2G case, an audio tape of a CBI senior public prosecutor purportedly advising a key accused on how to counter prosecution's charge has emerged, breathing fresh life into the mega-swindle and bringing fresh trouble for the government. The tape sent to the CBI anonymously has the agency's senior public prosecutor A K Singh speaking to Sanjay Chandra, MD of Unitech and...

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People, The Real Estate-Pragya Singh

-Outlook A new land acquisition bill readies for budget session. How will it fare? Bill Of Blights     Defines “public purpose” too broadly, allows govt to acquire land for PPPs     Less landowner consent required for PPPs than private-only projects     The bill’s compensation norms likely to face strict challenges in the courts     States have been given R&R powers but could lead to arbitrary outcomes     Doesn’t consider govt projects where compensation, R&R are neglected *** The...

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