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Why India faces a public funding crisis -Rathin Roy & Puja Mehra * The Centre has no money for a stimulus package. Only the states can find a way to get India out of the slowdown * States, taken collectively, are the only hope. Despite loan waivers, they are in a better position to boost public spending. But that would require coordinated work between the Centre?and the states NEW DELHI: On 1 February, finance minister Nirmala Sitharaman will present an important Union Budget. The...

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Why 'Make in India' has failed -M Suresh Babu

-The Hindu It is too ambitious, spectacularly ill-timed, and has brought in too many sectors into its fold On September 25, 2014, the Indian government announced the ‘Make in India’ initiative to encourage manufacturing in India and galvanize the economy with dedicated investments in manufacturing and services. Immediately after the launch, investment commitments worth crores were announced. In 2015, India emerged as the top destination for foreign direct investment, surpassing the U.S....

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Budget 2020: Boost for rural economy, connecting villages to digital India expected -Zia Haq and Rajeev Jayaswal

-Hindustan Times India’s gross domestic product (GDP) grew 4.5% in the second quarter of the current financial year, the lowest since March 2013. Union Budget 2020-21 is expected to focus on the transformation of rural India with a nearly 15% jump in fund allocation to boost the village economy and raise incomes, particularly of small and marginal farmers, three people aware of the development said on Tuesday. “Transformation of the rural economy is...

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Move to cash transfers will lead to savings, put agriculture on sustainable growth path -Ashok Gulati

-The Indian Express All such investments will go a long way to augment farmers’ incomes in a sustainable manner. Else, I am afraid, much of the talk in the Union Budget for agri-reforms will remain mere rhetoric. Although the Union Budget is basically an accounting exercise of revenues and expenditures for the coming year, economy-watchers anxiously wait for the finance minister to announce major economic reforms. In that sense, the budget of...

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63 Indian billionaires wealth higher than the Union Budget for 2018-19: Oxfam

-PTI * Oxfam said the combined total wealth of 63 Indian billionaires is higher than the total Union Budget of India for the fiscal year 2018-19 * The report flagged that global inequality is shockingly entrenched and vast and the number of billionaires has doubled in the last decade Davos: India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70...

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