-First Post With 10 state assembly elections this year and the general election in the next, the Congress-led United Progressive Alliance (UPA) faces possibly its sternest challenge since it returned to power in 2009. It goes without saying that the forthcoming electoral tests have been compounded by the perceptibly declining political standing of the ruling alliance caused by multiple scams and economic stagnation. In addition, defeats in a series of elections ranging...
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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...
More »President’s speech signals govt policy makeover, 'difficult decisions'-Liz Mathew
-Live Mint In Parliament address, Mukherjee says direct cash transfers will cut leakages and bring benefits to the poorest Acknowledging that growing aspirations, particularly among the youth, are going largely unmet, the government has signalled a policy makeover, including undertaking “difficult decisions”. The Congress-led United Progressive Alliance (UPA) also indicated that it was looking to the direct benefit transfer scheme based on the Aadhaar or unique identity system to restore the feel-good factor...
More »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...
More »IMF forecasts 4.5% growth for India; to lose second fastest-growing economy tag
-The Economic Times India looks all set to cede the moniker of the world's second fastest growing major economy for 2012, a fall from glory for a country that was spoken in the same breath as China for much of the previous decade and even nursed ambitions of upstaging its larger neighbour. The latest global economic growth forecasts from the International Monetary Fund (IMF) have India growing at 4.5% in 2012 (at...
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