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SumanSpeaks Independent Capital Markets & Geopolitical Intelligence POLITICAL ECONOMY | PART 1: THE TELECOM TEST The Sangh’s Costliest Blunder: Keeping Narendra Modi in the Chair After Demonetisation and a Trail of U-Turns Two private giants, one state-propped survivor, roughly ₹3.22 lakh crore in announced BSNL revival and support packages (spectrum allocation included), and ₹1.41 lakh crore of AGR dues still on the books: telecom shows what happens when one man’s brand becomes the party’s only policy. This is an argument against Narendra Modi, not against the BJP. SYNOPSIS India’s telecom market has narrowed from a messy but real plurality into two dominant private networks, one weak private survivor kept alive by government equity, and a public operator that has needed about ₹3.22 lakh crore in announced support packages and spectrum allocations, not all of it cash. The 2010 spectrum auctions that started the debt spiral were a UPA-era event, and we say so plainly. But a ...
Inflation will start moderating from July: RBI Governor:
RBI Governor D. Subbarao said that inflation will start moderating from July. Subbarao was addressing RBI's central board meeting in Patna. RBI board met here to discuss various economic issues. 

The RBI governor said that he was sticking to 8.5% inflation projection made during the credit policy. 
India's food inflation rose for the fourth straight week in early February, heightening worries that it was driving up headline inflation past official forecasts and increasing the chance of the central bank pushing up rates. 
The food price index rose 17.97 percent in the 12 months to February 6, higher than an annual rise of 17.94 percent in the previous week, data released on Thursday showed. 
The fuel price index rose an annual 9.89 percent in the same week, down from a rise of 10.4 percent on year the previous week. 
A persistent rise in food and fuel prices along with a pick up in manufacturing prices are expected to push headline inflation from 8.56 percent in January to 10 percent by March, according to analysts and India's chief statistician Pronab Sen. 

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