The infrastructural neglect
The Centre recently reviewed the financial position and resource mobilisation capacity of "the seven sisters" of the North East for the Ninth Plan. A new basis to raise funds for the N-E region is also under review by the Union government.
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The syndrome of covering up the corrupt
In a recent land mark arbitration award, the National Housing Bank has been directed to pay Rs 906 crore to ANZ Grindlays Bank. This represents the current value of a sum of Rs 520 crore which the latter had been forced to pay by RBI in 1992 to the former.
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