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The perils of retail therapy in India

-Live Mint There is no dearth of advisors for a government considered to be in the grip of a policy paralysis and whose prime minister is dubbed an “underachiever”. In this season of India-bashing, US President Barack Obama spared some time from his election campaign and offered some pearly words of wisdom on the Indian economy. This came at a time when in his own backyard, thousands of people marched in...

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Government's rural employment scheme MGNREGA leaves a lot to be desired-Urmi Goswami

-The Economic Times The positive impact on agricultural wages and distress migration from rural areas not withstanding, the government's flagship rural employment scheme, the Mahatma Gandhi National Rural Employment Guarantee Act, leaves a lot to be desired for. This is evident from the rural development ministry's compendium of more than 100 major research papers on the programme, MGNREGA Sameeksha. The slim 120-odd page volume, which is to be released by the Prime Minister...

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FDI in multibrand retail will not further reform agenda-Manoj Pant

-The Economic Times The crisis of the euro, a current account deficit of over 4%, double-digit inflation, corruption in governance and a failing political system. It would not be unfair to say that these factors have combined in varying degrees at different times to lead to the conclusion that the globally-acclaimed India growth story seems to be heading for an unhappy ending. Many have labelled this - unfairly, I think - as...

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Indians get pessimistic amid global downturn-Abhijit Patnaik

-The Hindustan Times   The rain gods may have brought some cheer to everyone after a scorching summer, but a sense of gloom about the Indian economy appears to be building. A study by US-based Pew Research Centre has found that while just a year ago, 51% people were satisfied with the way things were in the country (and 47% dissatisfied), today, the proportions have reversed — 59% are dissatisfied and only...

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Media, it’s time to heal thyself-Charles Sampford & Ramesh Thakur

-The Hindu Journalists need to adopt a set of integrity measures in order to police the boundaries between the market and political power   Gina Rinehart, Australia’s richest person and the world’s wealthiest woman, is seeking three board seats following her purchase of 18.7 per cent of Fairfax which owns most papers in Australia not controlled by Rupert Murdoch’s News Ltd. There has already been considerable upheaval in two of the Fairfax papers...

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