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anouska khambatta

Economy of India - Wikipedia, the free encyclopedia - 1 views

en.wikipedia.org/...Economy_of_India

policy economic india economy

shared by anouska khambatta on 11 Nov 10 - Cached
  • The economy of India is the eleventh largest economy in the world
  • India was under social democratic-based policies from 1947 to 1991.
  • Since 1991, continuing economic liberalisation has moved the country toward a market-based economy.
  • ...9 more annotations...
  • A revival of economic reforms and better economic policy in first decade of the 21st century accelerated India's economic growth rate
  • By 2008, India had established itself as the world's second-fastest growing major economy.
  • However, the year 2009 saw a significant slowdown in India's GDP growth rate to 6.8%[19] as well as the return of a large projected fiscal deficit of 6.8% of GDP which would be among the highest in the world.
  • Goldman Sachs has outlined 10 things that it needs to do in order to achieve its potential and grow 40 times by 2050
  • Improve Governance Raise Educational Achievement Increase Quality and Quantity of Universities Control Inflation Introduce a Credible Fiscal Policy Liberalize Financial Markets Increase Trade with Neighbours Increase Agricultural Productivity Improve Infrastructure Improve Environmental Quality.
  • However the subsequent government policy of fabian socialism hampered the benefits of the economy leading to high fiscal deficits and a worsening current account.
  • ince 1990 India has a free-market economy and emerged as one of the fastest-growing economies in the developing world; during this period, the economy has grown constantly, but with a few major setbacks. This has been accompanied by increases in life expectancy, literacy rates and food security.
  • India is often seen by most economists as a rising economic superpower and is believed to play a major role in the global economy in the 21st century.
  • Policy tended towards protectionism
anouska khambatta

India Economic Policy | Economy Watch - 1 views

www.economywatch.com/...india.html

policy economic india

shared by anouska khambatta on 11 Nov 10 - No Cached
  • relaxing its money supply activities
  • would be able to bear fruit provided other advanced economies of world are able to recover from aftereffects of global financial meltdown.
  • adopted an economic policy at India of borrowing.
  • ...6 more annotations...
  • significant bearing on India’s economic policy
  • only led to increasing of financial deficit.
  • As per his observations, prime lending rates being charged by banks belonging to public sector were a bit higher than what is desirable in present circumstances.
  • economy would be moving towards a single goods and service tax by doing away with differences between rates of service taxes
  • INR 6,600 crores and for excise duties it would be INR 8,500 crores.
  • According to this India economic policy a significant amount of money would be lost as a result of these tax benefits – losses are expected to amount to INR 29,000 crores. Maximum amount of losses to tune of INR 14,000 crores
Yasmin Tandon

foreign aid definition of foreign aid in the Free Online Encyclopedia. - 0 views

encyclopedia2.thefreedictionary.com/foreign%20aid

Foreign Aid America economy definition

shared by Yasmin Tandon on 11 Nov 10 - No Cached
  • economic, military, technical, and financial assistance given on an international, and usually intergovernmental level.
  • included at least three different objectives
  • rehabilitating the economies of war-devastated countries
  • ...21 more annotations...
  • strengthening the military defenses of allies and friends of the United States
  • promoting economic growth in underdeveloped areas
  • Aid may be given as a grant, with no repayment obligation, or a loan, and often comes with conditions that require that the recipient nation purchase goods or services with the aid from the donor nation.
  • In Recent Years
  • Although military aid continues to be provided
  • which finances the export of U.S. capital goods and agricultural products
  • Agency for International Development Agency for International Development (AID), federal agency created (Sept., 1961) to consolidate U.S. nonmilitary foreign aid programs. Originally an agency in the State Department, it has been a component part of the U.S...... Click the link for more information.  
  • Export-Import Bank
  • A large proportion of U.S. aid goes to Israel,
  • Egypt, and developing countries
  • U.S. foreign aid amounted to $10 billion (less than 0.6% of the federal budget)
  • gross domestic product (GDP) for foreign aid dropped from 2.75% in 1949 to 0.1%
  • Millennium Challenge aid program,
  • intended to target aid
  • toward poorer nations with good governance and open economies; the program places fewer restrictions on how participating nations use the aid.
  • Many nations in Europe and some in the Middle East and E Asia also have significant aid programs
  • Japan was the world's largest foreign aid donor, followed by United States, France, and Germany. Great Britain
  • 2001, the United States passed Japan as the world's largest donor as a result of Japanese cutbacks in foreign aid
  • 15% of foreign aid is provided by international bodies
  • International Bank for Reconstruction and Development and its affiliates, the International Development Association, and the International Finance Corporation;
  • Food and Agriculture Organization Food and Agriculture Organization (FAO), specialized agency of the United Nations, established in 1945. The organization is governed by a conference composed of the entire membership (189 nations plus the European Union), which meets at least once biennially, and by..... Click the link for more information. .
anouska khambatta

The chief tenets and composition of the Indian Economic Policy - 0 views

business.mapsofindia.com/...policy.html

policy economic india economy

shared by anouska khambatta on 11 Nov 10 - No Cached
  • the government of India initiates various actions including preparing budget, setting interest rates
  • ational ownership, labor market, and several other economic areas where government intervention is required
  • internal factors like political beliefs and policies of the parties etc. that play pivotal roles in determining the economic policy of India
  • ...8 more annotations...
  • influenced by various international institutions like the World Bank and the International Monetary Fund
  • Five-Year Plans came into existence,
  • Milton Friedman later criticized their policy which concentrates on capital and technology-intensive heavy industry as well as subsidizing manual, low-skill cottage industry at the same time. According to Friedman, it would waste capital and labor and would slow down the growth of small manufacturers.
  • easing restrictions on capacity expansion, reduced corporate taxes and removed price controls
  • These led to enhancement in growth rate, which in turn led to high fiscal deficits and aggravating current account.
  • compelled India to face a major balance-of-payments crisis.
  • Foreign direct investments in a number of sectors started pouring in.
  • domestic and foreign investment import and export trade controls tax structure public and financial activities
Ben Walters

Video-game sales overtaking music - MSN Money - 0 views

articles.moneycentral.msn.com/...oGameSalesOvertakingMusic.aspx

Economy Games Money Sales Music Growth

shared by Ben Walters on 15 Nov 10 - Cached
  • 6/26/2007
  • video-game sector will remain one of the above-average growth segments of the global entertainment industries through 2011, with global games spending set to exceed music spending this year
  • Key growth engines will include online and wireless games, new-generation consoles and the burgeoning in-game advertising business.
  • ...13 more annotations...
  • 2011, the worldwide gaming market will be worth $48.9 billion at a compound annual growth rate of 9.1%
  • ith gains slowing every year because of the maturation of the current generation of consoles,
  • exceed the 6.4% advance that PwC foresees for the overall entertainment economy during the period.
  • Its data include consumer spending on games, but exclude spending on hardware and accessories.
  • For the U.S. gaming business, PwC projects 6.7% compound annual gains for the five-year period, to $12.5 billion. Asia-Pacific should remain the region with the highest overall spending on gaming during the period and reach $18.8 billion in 2011, PwC forecasts.
  • Despite its leading size, its 10% average annual gains will only be exceeded by the combined region of Europe, the Middle East and Africa (EMEA), which is pegged for a 10.2% compound annual gain and is set to remain at No. 2 in terms of worldwide gaming.
  • In the U.S., online and wireless games should see the biggest gains through 2011
  • online will expand from an estimated $1.1 billion market last year to $2.7 billion in 2011
  • Consumer spending on console and hand-held games will go from $6.5 billion in 2006 to $7.9 billion in 2011
  • However, the U.S. PC games market will continue its decline, with PwC eyeing a contraction from an estimated $969 million in 2006 to $840 million in 2011.
  • growing from an estimated $80 million last year to $950 million in 2011
  • this estimate could prove conservative as "advertisers like to reach the younger males" that many games tend to attract.
  • He also said that the overall gaming audience continues to expand and become somewhat more female and older than in the past thanks to casual games and the arrival as games as an "important part of culture."
anouska khambatta

Implementation of New Economic Policy to Indian economy in 1991 | MBA Knowledge Base - 0 views

www.mbaknol.com/...licy-to-indian-economy-in-1991

policy economic india list

shared by anouska khambatta on 12 Nov 10 - No Cached
  • Globalization means flow capital (finance in the form of foreign direct investment (FDI) and foreign portfolio investment (FPI), technology, human resource, goods and service among countries. FDI is investment in real assets like automobile, consumer goods production, service sectors like insurance, telecommunication, air transport etc. Liberalisation means freeing the economic activities and business from unnecessary bureaucratic and other controls imposed by the governments. Privatisation or Disinvestment: Selling the government owned public sector enterprises to private industrialists and opening the government operating sectors for private investment.
  • The Major areas of  New Economic Policy 1991 are Fiscal policy reforms Monetary policy reform Pricing policy reform External policy reform Industrial policy reform Foreign investment policy reform Trade policy reform Public sector policy reform
Yasmin Tandon

Foreign Aid for Development Assistance - Global Issues - 0 views

www.globalissues.org/...ign-aid-development-assistance

Foreign Aid America economy

shared by Yasmin Tandon on 11 Nov 10 - Cached
  • both the quantity and quality of aid have been poor and donor nations have not been held to account.
  • 1970,
  • world’s rich countries agreed to give 0.7% of their gross national income as official international development aid, annually
  • ...15 more annotations...
  • Furthermore, aid has often come with a price of its own for the developing nations:Aid is often wasted on conditions that the recipient must use overpriced goods and services from donor countriesMost aid does not actually go to the poorest who would need it the mostAid amounts are dwarfed by rich country protectionism that denies market access for poor country products, while rich nations use aid as a lever to open poor country markets to their productsLarge projects or massive grand strategies often fail to help the vulnerable; money can often be embezzled away.
  • This web page has the following sub-sections:
  • “Trade, not aid”
  • excuse for rich countries to cut back aid that has been agreed and promised at the United Nations.
  • This target was codified in a United Nations General Assembly Resolution, and a key paragraph says:
  • The donor governments promised to spend 0.7% of GNP on ODA (Official Development Assistance) at the UN General Assembly in 1970—some 40 years ago
  • developed countries will rapidly and progressively take what measures they can … to reduce the extent of tying of assistance and to mitigate any harmful effects
  • make loans tied
  • Developed countries will provide, to the greatest extent possible, an increased flow of aid on a long-term and continuing basis.
  • almost all rich nations have constantly failed to reach their agreed obligations of the 0.7% target. Instead of 0.7%, the amount of aid has been around 0.2 to 0.4%, some $100 billion short.
  • the quality of the aid has been poor.
  • USA’s aid, in terms of percentage of their GNP has almost always been lower than any other industrialized nation in the world, though paradoxically since 2000, their dollar amount has been the highest.Between 1992 and 2000, Japan had been the largest donor of aid, in terms of raw dollars. From 2001 the United States claimed that position, a year that also saw Japan’s amount of aid drop by nearly 4 billion dollars.
  • Aid beginning to increase but still way below obligations
  • In 2009, the OCED and many others feared official aid would decline due to the global financial crisis. They urged donor nations to make aid “countercyclical”; not to reduce it when it is needed most, but those who didn’t cause the crisis.
  • And indeed, for 2009, aid did increase as official stats from the OECD shows. It rose 0.7% from just under $123 bn in 2008 to just over $123 bn in 2009 (at constant 2008 prices).
Yasmin Tandon

Rethinking American Foreign Aid - US Foreign Aid - 0 views

usforeignpolicy.about.com/...helpcomm.htm

Foreign Aid America economy

shared by Yasmin Tandon on 11 Nov 10 - No Cached
    • Yasmin Tandon
      Yasmin Tandon on 11 Nov 10
       
      Blue- Background Yellow- Yes Green- No Pink- Need to read further to get more detail
  • zSB(3,3)Sponsored Links World Affairs DailyGlobal Headline News & Commentary from International Media Sourceswww.worldaffairsjournal.org Winter Programme on UNGeneva Winter Programme on the UN and International Developmentgraduateinstitute.ch/winter The Progressive Realista metablog about American foreign policywww.progressiverealist.org zob();if(zsForeign Policy Ads Budget Foreign Aid Foreign Policy Congress Federal Budget US Government Budget zSB(3,2);if(zsSponsored Links Life Experience DegreesNo attendance - No coursework Accelerated - Worldwide Shipmentwww.universityofdublin.org 16th Int'l Education Expo660 Exhibitors from 25 Countries Why not Check Now & Meet Yours?www.cieet.com January 10, 2008 America's foreign aid programs are controversial
  • Polls indicate most Americans want the United States to be a generous donor of foreign aid.
  • ...6 more annotations...
  • Explore US Foreign Policy
  • overestimate how much help we send overseas.
  • Others are concerned that our foreign aid falls far short of the global commitments made in the Millennium Development Goals.
  • And yet others say Western foreign assistance is focused more on "giving a man a fish" than on "teaching a man to fish."
  • The full report (215 pages, PDF) is available here.
  • The State Department budget plus all the foreign aid totals less than $40 billion (which is less than 1.5% of the federal budget). But Defense Department spending for this year, plus maintenance of America's nuclear arsenal, plus the cost of the Iraq and Afghanistan wars
Yasmin Tandon

United States of America: Foreign Aid - 0 views

www.vexen.co.uk/...foreign_aid.html

Foreign Aid America economy

shared by Yasmin Tandon on 11 Nov 10 - No Cached
  • When the going gets tough, Americans keep giving
  • early $241 billi
  • 2002 set a new high
  • ...26 more annotations...
  • over 2001's total in current dollars
  • $240.92 billion in gifts equaled 2.3 percent of US gross domestic product.
  • amount represents a 0.5 percent decline since 2001
  • "the resilience and pervasiveness of giving in our culture,
  • Most donations come from individuals (76 percent of the total), and some nonprofit sectors were hit harder last year than others
  • The USA is only the world's biggest giver because it is rich.
  • most stingy and self-interested giver in the developed world:
  • USA is the
  • America is the world's most generous nation.
  • one of the most conventional pieces of 'knowledgeable ignorance
  • between
  • $6 and $15 billion in foreign aid in the period between 1995 and 1999
  • Japan gives more than the US,
  • between $9 and $15 billion in the same period
  • absolute figures are less significant than the proportion of gross domestic product (GDP, or national wealth) that a country devotes to foreign aid
  • US ranks twenty-second of the 22 most developed nations.
  • President Jimmy Carter
  • We are the stingiest nation of all'
  • Denmark is top of the table, giving 1.01% of GDP, while the US manages just 0.1%
  • long established the target of 0.7% GDP for development assistance
  • Denmark, 1.01%; Norway, 0.91%; the Netherlands, 0.79%; Sweden, 0.7%
  • US is highly selective in who receives its aid
  • 50% of its aid budget is spent on middle-income countries in the Middle East, with Israel being the recipient of the largest single share.
  • 80% of that aid itself actually goes to American companies in those foreign countries.
  • 3. Conclusion
  • The rest of the world
Sophie Masse

French Students Should Celebrate Pension Reform - Francois Melese - Mises Daily - 0 views

mises.org/4794

french students retirement age

shared by Sophie Masse on 16 Nov 10 - No Cached
  • fear job losses
  • if older workers are forced to postpone retirement.
  • France faces limited options. It could postpone retirement; reduce benefits; raise taxes; increase workers (liberalize immigration); or increase productivity and grow the economy.
  • ...10 more annotations...
  • this would delay a young person's entry into the labor force
  • If an older worker is forced to work an extra couple of years
  • youth unemployment already absurdly high
  • over 20 percent
  • young people need to realize they will live longer
  • reduce benefits.
  • greater job opportunities
  • signals the world that France is committed to more stable and responsible fiscal
  • launch new companies
  • business formation and job creation
Harshil Asnani

Obesity on the rise in India, says Lancet - 0 views

www.indianexpress.com/...710062

obesity india rise

shared by Harshil Asnani on 15 Nov 10 - No Cached
  • said emerging economies such as India, Brazil, China, Russia should take immediate steps to reverse the rising trend of various non-communicable diseases such as obesity.
  • India (obesity rates for women rose from 10.6 per cent to 12.6 per cent between 1998-99 and 2005-06).
Ben Walters

The Entertainment Software Association - Industry Facts - 0 views

www.theesa.com/facts

Entertainment Gaming Facts America Economy Video Games Industry

shared by Ben Walters on 14 Nov 10 - Cached
  • The best-selling video game of 2007, "Halo 3," took in more revenue ($170 million) on its first day of sales than the opening weekend receipts of "Spider Man 3," ($151 million), the highest-grossing movie opening ever.
  • computer and video games to meet the demands and tastes of audiences as diverse as our nation's population.
  • Today's gamers include millions of Americans of all ages and backgrounds.  In fact, more than two-thirds of all American households play games. This vast audience is fueling the growth of this multi-billion dollar industry and bringing jobs to communities across the nation.
  • ...10 more annotations...
  • U.S. computer and video game software sales generated $10.5 billion in 2009.
  • Sixty-seven percent of American households play computer or video games. 
  • The average game player is 34 years old and has been playing games for 12 years.
  • The average age of the most frequent game purchaser is 40 years old.
  • Forty percent of all game players are women. In fact, women over the age of 18 represent a significantly greater portion of the game-playing population (33 percent) than boys age 17 or younger (20 percent).
  • In 2010, 26 percent of Americans over the age of 50 play video games, an increase from nine percent in 1999.
  • Forty-two percent of heads of households play games on a wireless device, such as a cell phone or PDA, up from 20 percent in 2002.
  • Eighty-two percent of all games sold in 2009 were rated "E" for Everyone, "T" for Teen, or "E10+" for Everyone 10+.
  • Parents who have children under 18 with a gaming console in the home are present when games are purchased or rented 93 percent of the time.
  • Sixty-four percent of parents believe games are a positive part of their children’s lives.
Dillon Patel

White House report says people cause global warming - 27 August 2004 - New Scientist - 0 views

www.newscientist.com/...ople-cause-global-warming.html

main cause global warming white house humans

shared by Dillon Patel on 14 Nov 10 - No Cached
  • White House report says people cause global warming
  • People are responsible for the spike in global warming in the last 30 years, says a new US government report.
  • enact policies to curb greenhouse gas emissions.
  • ...13 more annotations...
  • Our Changing Planet
  • climate change research by 13 government agencies.
  • The document reports that global warming in the first half of the 20th century, estimated at 0.2°C above pre-industrial temperatures, "was likely due to natural climate variation", including increased solar activity.
  • can only be explained when factors related to human activity
  • "There's nothing else we can blame it on, really,"
  • "If we don't put the changes in carbon dioxide into our models, we don't get global warming out."
  • "Well over 98% of scientists competent in this area would agree with that," he told New Scientist.
  • "The big question is what effect this will have on climate policy," Janetos told New Scientist.
  • that would be big news indeed."
  • Trenberth agrees, saying Bush's policy thus far has been to "take whatever nature throws at us
  • "Bush has said that if we do something about emissions, it will hurt the economy,"
  • Others experts have lobbied the government to regulate carbon dioxide through the Clean Air Act.
  • "This research will help decision makers and managers in the US and other countries evaluate and respond to climate change."
  • Dillon Patel on 14 Nov 10
     
    According to the white house, humans are the main cause. Reliable source.
Ben Walters

When Escape Seems Just a Mouse-Click Away - washingtonpost.com - 0 views

www.washingtonpost.com/...AR2006052601960.html

Korea Stress Addiction Games Entertainment Psychology Teens School Pressure

shared by Ben Walters on 14 Nov 10 - Cached
  • "I guess I knew I was becoming addicted, but I couldn't stop myself," Kim recalled from a clinic where he was undergoing counseling. "I stopped changing my clothes. I didn't go out. And I began to see myself as the character in my games."
  • Last month, the government -- which opened a treatment center in 2002 -- launched a game addiction hotline. Hundreds of private hospitals and psychiatric clinics have opened units to treat the problem.
  • An estimated 2.4 percent of the population from 9 to 39 are believed to be suffering from game addiction, according to a government-funded survey. Another 10.2 percent were found to be "borderline cases" at risk of addiction -- defined as an obsession with playing electronic games to the point of sleep deprivation, disruption of daily life and a loosening grip on reality. Such feelings are typically coupled with depression and a sense of withdrawal when not playing, counselors say.
  • ...6 more annotations...
  • The situation has grown so acute that 10 South Koreans -- mostly teenagers and people in their twenties -- died in 2005 from game addiction-related causes, up from only two known deaths from 2001 to 2004, according to government officials. Most of the deaths were attributed to a disruption in blood circulation caused by sitting in a single, cramped position for too long -- a problem known as "economy class syndrome," a reference to sitting in an airplane's smallest seats on long flights.
  • In one instance, a 28-year-old man died in the central city of Taegu last year after reportedly playing an online computer game for 50 hours with few breaks. He finally collapsed in a "PC baang " -- one of the tens of thousands of Internet game cafes that have become as common as convenience stores across South Korea. Users can pop in to these small, smoky dens -- with walls covered in gothic game posters -- for about $1 an hour, day or night.
  • "Game addiction has become one of our newest societal ills," said Son Yeongi, president of the Korea Agency for Digital Opportunity, which offers government-funded counseling. "Gaming itself is not the problem. Like anything, this is about excessive use."
  • Experts are seeing more cases of game addiction in many industrialized nations -- particularly the United States and Japan. But sociologists and psychiatrists have identified South Korea as the epicenter of the problem.
  • That is in part because young people here suffer from acute stress as they face educational pressures said to far exceed those endured by their peers in other countries. It is not uncommon, for instance, for South Korean students to be forced by their parents into four to five hours of daily after-school tutoring. With drug abuse and teenage sex considered rare in the socially conservative country, escape through electronic games can be a hugely attractive outlet.
  • At the same time, South Korea boasts an unparalleled gaming culture. In 2000 in Seoul, the capital, South Koreans inaugurated the World Cyber Games -- a sort of gaming Olympics that now draws players from 67 nations. Professional South Korean gamers can earn more than $100,000 a year in domestic and international competitions.
anouska khambatta

Policy Watch - Existing and Proposed Economic Policy of India | Economy Watch - 0 views

www.economywatch.com/policywatch

policy economic india

shared by anouska khambatta on 12 Nov 10 - No Cached
  • After the adoption of the new economic policy in India, the country has reviewed its policies and made it more friendly in almost all the sectors.
anouska khambatta

Ten myths of Indian economic policy - Rediff.com Business - 0 views

business.rediff.com/...-of-indian-economic-policy.htm

policy economic india

shared by anouska khambatta on 12 Nov 10 - No Cached
  • Higher minimum support prices for foodgrains are good for farmers. Not so.
  • The move to a Goods and Services Tax will reduce the burden of taxation. I hope not! Or the already massive fiscal deficit will soar higher.
  • There is no role for monetary policy when inflation is driven by supply shortfalls. Not quite.
  • ...7 more annotations...
  • Our labour laws protect labour. Quite the opposite
  • The exchange rate only matters to exporters. This is a common misperception, even among trained economists.
  • Reducing fiscal deficits hurts growth. In the present "stimulated" environment, there is much anxiety that a reduction in the current record high fiscal deficits (over 10 per cent of GDP) will hurt growth.
  • Subsidies on food, fuel and electricity mainly help the poor. Not so. The food subsidy mainly helps better-off farmers and consumers in only four or five states where the public distribution system has effective coverage.
  • Foreign capital inflows are always good for our economy. Twenty years ago, most Indians believed the opposite, that all private foreign capital inflows were bad and somehow designed to impoverish us.
  • Private provision of infrastructure can effectively substitute for government. Private public partnerships (PPPs) are the ruling mantra of the day. Since the government has failed badly in providing adequate power, roads, ports, water, sanitation and so forth, we must turn to PPPs for our deliverance.
  • The trader (or middle man) is at the root of many of our economic problems. This is one of our really hoary and hairy myths. Whenever the rate of inflation rises, governments blame rapacious traders and deploy regulations to control their stocking and other activities.
anouska khambatta

Indian Economic Policies - The Role - 0 views

www.indianchild.com/indian_economic_policies.htm

policy economic india

shared by anouska khambatta on 12 Nov 10 - No Cached
  • Since 1991 more "new economic policies" or reforms have been introduced.
  • Reforms include currency devaluations and making currency partially convertible, reduced quantitative restrictions on imports, reduced import duties on capital goods, decreases in subsidies, liberalized interest rates, abolition of licenses for most industries, the sale of shares in selected public enterprises, and tax reforms.
  • faster growth rate of the economy
  • ...4 more annotations...
  • these changes would create more problems than they solved
    • anouska khambatta
      anouska khambatta on 12 Nov 10
       
      This is important as it states that when it changed more problems were to be created.
  • The pace of liberalization increased after 1991
  • In early 1995, official charges of serving adulterated products were made against a KFC outlet in Bangalore, and Pepsi-Cola products were smashed and advertisements defaced in New Delhi. The most serious backlash occurred in Maharashtra in August 1995 when the Bharatiya Janata Party (BJP--Indian People's Party)-led state government halted construction of a US$2.8 million 2,015-megawatt gas-fired electric-power plant being built near Bombay (Mumbai in the Marathi language) by another United States company, Enron Corporation.
    • anouska khambatta
      anouska khambatta on 12 Nov 10
       
      This is a negative point of view. It shows how things were stopped due to policies.
  • Early Policy Developments India
    • anouska khambatta
      anouska khambatta on 12 Nov 10
       
      The first few paragrapghs are about the early years in which the economic policy was being developed.
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