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GDP estimates show worst may be over

-The Hindu Agriculture and allied sectors show improvement The Central Statistical Office (CSO) released on Friday estimates of 2013-14 Gross Domestic Product (GDP) growth, pegging it at 4.9 per cent. In 2012-13, the economy grew at 4.5 per cent, the lowest in a decade. Since the growth during the April-September 2013 was 4.6 per cent, a full-year CSO estimate of 4.9 per cent implies that the economy is expected to grow at...

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A detailed map for financial inclusion-CRL Narasimhan

-The Hindu The report of the Reserve Bank of India (RBI)-appointed Committee on Comprehensive Financial Services for Small Business and Low Income Households has been placed on the central bank's website for comments. Considering the voluminous nature of the report and even more pertinently its complex and, detailed treatment of the subject, the deadline for receiving comments, now set at January 24, would, in all probability, need to be extended. The report packs...

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‘Convenient accounting’ of subsidies to hit new Govt-Puja Mehra

-The Hindu     Move to push this year's expenditure to next fiscal is intended to keep the fiscal deficit within target The Finance Minister of the next government post-elections will have to pay the price for the United Progressive Alliance's (UPA) subsidy and social spend. The Finance Ministry plans to book in next financial year, 2014-15, the expenditure that will be incurred on subsidies during the remaining months of the current fiscal (January-March). ...

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Low growth may turn jobseekers back to farm sector: Crisil report -Remya Nair and Kirthi V Rao

-Live Mint Non-farm employment will increase by only 38 mn in financial years 2012-19, compared with 52 mn in FY 2005-12 New Delhi: The slowing economy will result in fewer jobs being added to industry and services in the next seven years and more workers moving back to farming, Crisil Research said in a report on Tuesday, indicating job creation will remain a key concern for the next government. Non-farm employment will increase...

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Gujarat among industrial growth laggards in FY12-Somesh Jha

-The Business Standard The state was the sixth-worst during the year, according to the Annual Survey of Industries data A set of government data released recently seems to puncture the Narendra Modi-led Gujarat government's claim that the state's industrial performance has been robust. According to the data fron the Annual Survey of Industries (ASI), the industrial growth rate for the state's organised sector slumped below one per cent in 2011-12. And, in fact,...

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