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It’s official: Indian Economy slowed to a 10-year low of 5% in 2012-13

-The Times of India The Indian Economy grew at its slowest pace in a decade in 2012-13, posing another fresh challenge for the UPA coalition to revive growth and boost sentiment ahead of the general elections next year. Data released by the Central Statistical Organization (CSO) on Friday showed that the Economy grew 5% in 2012-13, compared to 6.2% expansion in the previous year. It was in line with the advanced...

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Why the food security Bill will not boost foodgrain consumption for the poor -Arvind Panagariya

-The Times of India So much has already been written on the food security Bill that there would seem to be no justification for another column on it. Yet, a recent look at some consumption data has convinced me otherwise. How the food security Bill impacts people's lives ultimately depends on the effect it will have on the consumption basket of the beneficiaries. If you believe in serious analysis over flag waving,...

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Planning Commission approves outlay of Rs 16,626 crore for Delhi for FY14

-PTI NEW DELHI: The Planning Commission today approved a plan size of Rs 16,626 crore for Delhi for 2013-14, up 4.8 per cent from the previous fiscal. It was at Rs 15,862 crore for 2012-13. The plan size was decided here at a meeting between Planning Commission Deputy Chairman Montek Singh Ahluwalia and Delhi Chief Minister Delhi Sheila Dikshit. "We have reviewed all aspects of the Delhi Economy. Citizen services in Delhi over...

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Jairam calls Mamata bluff

-The Telegraph Howrah/ Calcutta: Union minister Jairam Ramesh today hit back at Mamata Banerjee for daring the Centre to impose Article 356 in Bengal and termed her government a "circus". "I don't think the Centre is so irresponsible. (It) goes by the Constitution. I don't think Article 356 is applied because a chief minister dares the Centre to do so," the rural development minister, who had earlier met governor M.K. Narayanan, said...

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New bank licences: The contenders -Dinesh Unnikrishnan

-Live Mint A SWOT analysis of 24 companies that are drawing up plans for their entry into banking Mumbai: The deadline for applying for a banking licence expires on 1 July. At least two dozen companies, both in the private and public sectors, are busy drawing up plans for their entry into banking, being opened up again a decade after the Reserve Bank of India (RBI) allowed the entry of two...

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