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Government to Borrow 25 Paise for Every Rupee

-Outlook For every rupee in government kitty, as much as one-fourth will come from market borrowing in 2014-15, lower than the current fiscal ending March 31. The government's dependence on debt has come down from 27 paise in the previous Budget to 25 paise in the coming year, reflecting ease of pressure on revenue collections. As per the proposals presented today by Finance Minister P Chidambaram in the interim Budget, net borrowings of...

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Compulsion by stealth-R Ramakumar

-The Hindu     The UPA government's response to questions on Aadhaar's voluntariness continues to be marked by ‘intentional ambiguity.' Compulsion by stealth is used to camouflage the use of Aadhaar as a neo-liberal policy tool "This debate is ... about our specific disagreement on the meaning of that one word," i.e. "the Government now seek to persuade us that ‘voluntary' actually means ‘compulsory'." That was Nick Clegg in the United Kingdom's House of Commons...

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Ripple effect of rising fuel prices: Get used to high food prices, RBI can do little to counter them -Avinash Celestine

-The Economic Times Like his predecessor, RBI governor Raghuram Rajan too remains worried about inflation. And despite repeated attempts, the RBI has had mixed success in taming prices. Reserve Bank of India governor Raghuram Rajan has clearly decided to play spoilsport to the markets. By making it clear that he, like his predecessor, remains worried about inflation, he has also effectively signalled that with consumer prices at 9.5%, markets shouldn't expect those...

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CM sows what Buddha couldn’t reap -Pranesh Sarkar

-The Telegraph Kolkata: The Mamata Banerjee government today announced a scheme to allow big private investors to directly procure farm produce - a segment that Buddhadeb Bhattacharjee could not liberate from the stranglehold of the Forward Bloc. The scheme titled Brihat Krishak Bazar Yojana, which loosely translates into mega farmer market programme, seeks to "connect the local market to high-growth demand centres" and weed out middlemen. The project will allow private developers to...

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