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Intense passion for swimming

Finding a lanky boy in a dark red T-shirt wandering around as though he had just returned from his regular daily swimming practice was obviously a total surprise. This  was not the case at all. He can't explain why he decided on routine swimming, despite his considerable height. He didn't appear to realise that the chlorine in the water would turn his face dark. He and two other older boys were swimming without realising this important fact. This will continue for a minimum period of one full month, as was revealed. Every day, these three lads go to a nearby pool to practice swimming. But the younger one did not go for the usual practice  on the particular day since he had developed a slight cough, which was definitely learned following his smart disclosure in the night.  He seemed to be unaware of the fact that chlorine in the water would darken his fair face. Unaware of this significant reality, he and two others continued swimming. This  goes on regularly but sudd...
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Technology & growth


C. Rangarajan, ex-Governor, RBI, in his recent address, said that technology has given impetus to economic growth. Saner Economists estimate that the growth that the developed countries have put down in the last 150 years or more was possible only because of progress in technology.

He maintained, “I would say that a growth between 7-8 per cent will take it closer to a developed economy, because as per the definition of a developed economy, per capita income should be US $ 13,000 or more."

Currently, India's per capita income stands at US$2700. This means that per capita income will have to increase five times,”  he added.

Rangarajan further said that innovation cannot be the only means to eliminate poverty and inequality. 

He pointed out that apart from a faster growth rate, the country may also need social security and subsidies in the form of cash and basic income.

He let out that if the exchange rate is kept at a low level or the prices increase then the income will increase, only then India can become a developed nation.

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