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

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Calcutta Diary

AM To rail against the peril of a domestic debt trap may simply be a feint to deny the states the resources they badly need. True, a debt trap situation exists, but it exists with respect not to the finances of the centre but of the states. And since something has to give, it is the states' development expenditure which gives.

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