India plans to borrow as much as $9.5 billion using land and shares as collateral in an effort to narrow a budget
deficit
India’s plan to boost food subsidies by 50 percent is threatening
efforts to cut the budget deficit, extending the biggest jump in bond risk among the largest developing nations.
So, what does the PM have to say on this?
Manmohan Singh slammed India Inc. for making unwanted and
hasty “negative remarks” on government policies, reforms agenda and
economic situation.
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