Indian Economy
National Electricity Policy envisages elimination of power shortage by 2012 through addition of:

125000 Megawatt
50000 Megawatt
75000 Megawatt
100000 Megawatt.

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Indian Economy
In pursuance with the recommendations of Narsimham Committee, the RBI has framed new guidelines

to setup more foreign exchange banks
to lend more easily for industrial development
to reduce the freedom given to banks to rationalize their existing branch network
to govern entry of new private sector banks to make the banking sector more competitive

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Indian Economy
Subsidies mean

payment made by business enterprises to factors of production
payment made by the government to business enterprises, without buying any goods and services
payment by government for purchase of goods and services
payment made by companies to shareholders

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