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

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Distorted Perceptions-Government Subsidies and Fiscal Crisis

The recently released government paper on subsidies has not only a weak theoretical basis but it fails to take cognisance of the significance of dynamic externalities in a whole range of social and economic services which make public intervention a necessary condition for vibrant economic growth.

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