ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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STATE FINANCES-Axe on Statutory Transfers

Third Dimension FINANCE minister, Manmohan Singh, has himself singled out the balance of payments situation as the most difficult of the country's current problems. He has described it as precarious and the resultant foreign exchange crisis as constituting "a serious threat to the sustainability of growth processes and orderly implementation of our development programmes

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