Edible oil: government slips up
This is a classic case of government contradicting its own estimates without even realising it. One look at the demand-supply gap in edible oils and oilseeds availability estimates given by the government for the oil year 1996-97 (November-October) and it doesn't take to be an expert to grasp the fact that the country has become self-sufficient in oil and oilseeds production.
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Predicatable prescription
The International Monetary Fund's prescriptions for sustained growth in India are nothing new. All it's suggestions have been predictable-the increase in petroleum prices, the need for an exit policy, the need for more independence to the RBI, pruning state and central government deficits, and liberalising consumer goods imports.
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