Word: fiscal
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...largest railroad under a single administration. It was also notorious for being slow, inefficient and requiring constant government bailouts. But over the past six years, India's most important form of transport - "the lifeline of the nation" as it is often called - has undergone a remarkable turnaround. In its fiscal year ending March 2007, Indian Railways made more than $5 billion. Services are improving and rail bosses have announced plans to spend billions on new rolling stock, faster lines and new stations. Though it still gets government funding, IR is now India's second most profitable state-owned company. "Earlier...
Harvard finished second to Stanford in fundraising this fiscal year, according to an annual survey published by the Council for Aid to Education (CAE), raising $614 million dollars. Cardinal out-raised Crimson by over $200 million dollars...
...where at least 25% of the country's 169 million people live in poverty, government subsidies have helped keep the prices of some items down. Islamabad spends some $2 billion on fuel subsidies, for instance. Sadly for ordinary Pakistanis and for the incoming government, the country's rapidly worsening fiscal deficit will make it harder to keep underwriting those costs. Continuing the subsidies will only worsen the country's budgetary woes. But if the government passes on the true cost of gas, the resulting increase will fuel inflation even more...
...year” program: an initiative enabling newly admitted students to pursue a year of international public service before delving into the pressures of campus life. Admission to the program would be on a fully need-blind basis, with financial aid offered to those students unable to bear the fiscal burden that a gap year typically entails. The university anticipates that the program will accommodate 100 students, or about 10 percent of the incoming class. While the logistics of the program are not fully flushed out, we applaud Princeton’s bridge year program for its attempt to cultivate...
...deputies—including S. James Adelstein, who was serving as executive dean for academic programs—developed a plan to kill two birds with one stone: provide a framework for Medical School programs abroad while using the programs to improve the School’s fiscal situation...