Inklings ...........................................4 Editor’s notes....................................5
Budget:
Reforms- hopes on consensus..................12
Limit subsidies to a proportion of revenue ... 16
Expectations and realisations .................. 17
Not an unexpected bounty to Bengal…….....20
Handsome increase in agri credit .............. 22
Riches of a reluctant government ............. 24
Dev Kar:
Getting back all the money is a dream.........26
Capital notes ..................................... 30
Larger role for private investment ............ 31

The good, the bad and the ugly ................ 34
States:
TN-a mixed bag! .................................. 36
Bright and black ................................... 38
Worrisome Telangana ............................ 41
New year resolution .............................. 43
With a pinch of salt ............................... 46
Mounting underwriting
losses cause for concern ........................ 50
The party continues… ........................... 52
How many more deaths
to reform PDS kerosene? ........................ 55
Critical role of RBI... ............................. 57