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It Takes Two To Tango

Financial Express Pune

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May 29, 2025

PM's call to states to team up for faster growth is welcome, but more effort is required to inspire their confidence

The 10th meeting of the NITI Aayog Governing Council last Saturday, Prime Minister Narendra Modi underlined the need for "the Centre and all the states to come together and work together like Team India", to achieve the Viksit Bharat goal by 2047, if not earlier. Economists may differ on the matrix of development, and whether India is actually poised to accomplish the median or even per capita income, and other parameters to be "Viksit" by the 100th year of Independence. Leaving that debate aside, the PM's focus on speeding up the country's all-round and all-inclusive development, and making states active partners in the process is unexceptionable. But the NITI meeting reflected a strong feeling of deprivation among several states.

While the participation of chief ministers was underwhelming, many who were present denounced what they perceive as an attempt by the Centre to undermine the constitutional principles of federalism.

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'Capacity limit costs Mumbai the hub race'

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Crude import bill declines 11%

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China to allow export of rare earths for civilian use

CHINA ON FRIDAY said it will approve export of its rare-earth metals for civilian use, amid India's persistent calls for Beijing to lift curbs and resume the export of precious metals needed to manufacture a host of modern products.

time to read

1 min

December 20, 2025

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Delhi govt schools choke, private ones turn to air filters

IN THE NURSERY section of an elite South Delhi school this week, the head of Junior School conferred urgently with a class teacher whose students had left the room for a few minutes at the change of periods.

time to read

2 mins

December 20, 2025

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Yen weakens across board after BOJ delivers rate hike

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1 min

December 20, 2025

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Funds for rural roads scheme see gross underutilisation

STATES’ SPENDING CAPACITY LIMITED

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2 mins

December 20, 2025

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Real interest rates need to be lower: RBI guv

RESERVE BANK OF India (RBI) Governor Sanjay Malhotra believes real interest ratesboth headline and core-need to be lower, given the benign inflation outlook, minutes of the Monetary Policy Committee (MPC) meeting released on Friday showed.

time to read

1 min

December 20, 2025

Financial Express Pune

Europe agrees to lend 90 bn euros to Ukraine

UKRAINE THANKED THE EU for deciding to provide it with 90 billion euros ($105.46 billion) of support over the next two years-even if the bloc failed to agree on an ambitious plan to finance it using frozen Russian assets.

time to read

1 min

December 20, 2025

Financial Express Pune

TikTok signs deals with investors to avoid US ban

TIKTOK'S CHINESE OWNER, ByteDance, on Thursday signed binding agreements to hand control of the short video app's US operations to a group of investors, including Oracle, in a big step toward avoiding a US ban and ending years of uncertainty.

time to read

1 min

December 20, 2025

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