The main worry is that the inflation rate is expected to remain high at 9 per cent till October, the Prime Minister's Economic Advisory Council said.
Students from eight American universities across three states took part in a regional retreat, addressed among others by Anju Bhargava, member of United States President Barack Obama's Faith Advisory Council, at Fort Parker State Park in Mexia, Texas.The event last week -- organised by a small group of Hindu students in Mexia -- brought together Hindu community leaders, inspirational figures, young professionals, and students in the spirit of sharing messages of knowledge.
The food security Bill is likely to adopt a three-pronged strategy to ensure food for all, particularly for the most vulnerable sections of the society. The National Advisory Council (NAC) in its initial discussions on the Bill had talked about a universalised scheme.
The demand for cash transfers was highest in Bihar at 54 per cent, followed by 34 per cent in Uttar Pradesh and 22 per cent in Jharkhand, where the access to PDS foodgrain was found limited.
The top Republican leadership in the United States has congratulated Narendra Modi on being nominated as the prime ministerial candidate of the opposition Bharatiya Janata Party, and has extended an invitation to address Congressional leaders and Indian Americans via satellite at the Capitol Hill.
The Minimum Wages Act will be amended to enact a new centrally set minimum, in the wake of the National Advisory Council's suggestion on asymmetries in this regard between states on payments for work done on schemes under the National Rural Employment Guarantee Act.
The foodgrain guarantee is part of the proposed National Food Security Bill.
The Prime Minister's economic panel said high food inflation reflects lacklustre performance of the farm sector, which together with infrastructure, remains the main bottlenecks to higher growth.
Prime Minister Manmohan Singh last month had said inflation would moderate to 5-6 per cent by the end of the calender year.
Though the fate of the Rs 51,000-crore (Rs 510-billion) project hangs in balance after a four-member Forest Advisory Council filed a split report on withholding environment clearance, people in this coastal village, the hotbed of the resistance movement, are worried about getting displaced.
Rejecting IMF and World Bank's "unduly" pessimistic projections, Prime Minister's key economic advisory council chairman C Rangarajan on Thursday exuded confidence that the growth would be around 5.5 per cent in the current fiscal.
With the Budget barely a week away, the Prime Minister's Economic Advisory Council on Monday made a case for withdrawing some of the tax incentives to the industry to put the economy back on track for fiscal consolidation.
The proposed National Food Security Act (NFSA) may have to be put off to 2012 due to financial constraints, going by a recent Planning Commission document which points out that additional resources of Rs 77,000 crore will be required to implement the programme.
C Rangarajan, chairman of the Prime Minister's Economic Advisory Council, on Thursday said he expects the Indian economy to grow by 8.5 per cent in FY'12 on the back of services sector and industry expansion, though he hinted that agriculture might not be a big contributor.
The committee will suggest an action plan for abolishing the present system of classifying expenditure into plan and non-plan, an official statement said.
'Since the NDA took office in 2014, and aggressively since 2019, the Union government seems hell bent on centralising all power and resources, only to fail spectacularly.'
Former Union panchayat raj minister Mani Shankar Aiyar, lately in the news for denouncing the Commonwealth Games, is aiming his guns much closer to the United Progressive Alliance government's heart, at the way it is implementing the flagship National Rural Employment Guarantee Act.
With Congress president Sonia Gandhi appointed the chairperson of the National Advisory Council, the Bharatiya Janata Party on Monday night claimed she has become part of the Union government and sought to bring her in the firing line for the acts of 'omission and commission' of the Centre.
Keeping in abeyance suggestions of the Prime Minister's Economic Advisory Council, government on Friday said it has no intention to allow private sector to set up nuclear power plants independently.
The National Advisory Council headed by Sonia Gandhi favoured drastic amendments to the Communal Violence Bill and recommended the creation of a national authority to check communal and sectarian violence. This was the view expressed by most members of the NAC at its meeting chaired by Gandhi. At its next meeting, the NAC is expected to deliberate on how a national authority could set up within the framework of the Constitution.
The business model of the microfinance sector must change, emphasised C Rangarajan, chairman of the Economic Advisory Council to the Prime Minister, saying that the microfinance movement must have as its ultimate goal the desire to help the poor and enable them to come out of poverty.
With major sectors of the economy showing signs of slowdown, the list of those pegging India's economic growth at below eight per cent in the current financial year is expanding.
The National Advisory Council, chaired by Congress party president Sonia Gandhi, met for the second time on Thursday after its recent revival and unanimously endorsed the idea of universal access to the public distribution system (PDS) in rural areas.
States may set it higher, not lower; planned link to cost of living.
The National Advisory Council, chaired by Congress party president Sonia Gandhi, met for the second time on Thursday after its recent revival and unanimously endorsed the idea of universal access to the public distribution system in rural areas. It was agreed that a universalised PDS should be implemented initially in 150 districts, a member said.
Food security, minority welfare and legislation to deal with communal violence ranked high in the 14-point focus area listed by the newly-constituted National Advisory Council (NAC) headed by Congress President Sonia Gandhi at its first meeting in New Delhi on Thursday.
The government on June 25 deregulated petrol price and said the same for diesel will be done soon. But with inflation rate continuing to remain at unmanageable levels, the government put-off the decision as any further hike in diesel price would lead to cascading effect.
The Prime Minister's Economic Advisory Council on Monday projected the economic growth in the country at 8.6 per cent for the current fiscal on the back of rebound in farm output and inflation to come down to 7 per cent by March-end due to declining food prices.
Ponda is currently director of the firm's tax department, which is among the six finalist law firms nationwide for Chambers USA Awards for Excellence 2010 in Taxation Law.
Food inflation rose to 17.47 per cent in the third week of November against 15.58 per cent in the previous week.
India's projected growth rate may be marginally affected if there\nis a bad monsoon, as it will affect agricultural output, said Suresh Tendulkar,\nchairman of the prime minister's Economic Advisory Council.
Tata Group chairman Ratan Tata's dream is to see cars run on water and he has invested $15 million in a start-up firm supporting research in the field, an eminent scientist said.
Financial services firm Goldman Sachs has started a $500-million initiative to support small businesses across the United States, with legendary investor Warren Buffett as an adviser.
Popular anguish over the slow pace of economic reforms has grown more intense in the last few weeks even as Congress President Sonia Gandhi takes charge as the head of the National Advisory Council and Prime Minister Manmohan Singh's grip on the policy-making apparatus of the United Progressive Alliance (UPA) government appears to get weaker.
Congress president Sonia Gandhi was on Monday appointed the chairperson of the National Advisory Council, four years after she quit the post in the wake of the office of profit controversy.
Good intentions and elaborate roadmaps apart, there is an urgent need for the Tamil Nadu chief minister to come up with branded schemes like MGR's meal scheme, asserts N Sathiya Moorthy.
Prime Minister's Economic Advisory Council Chairman C Rangarajan dashes bullion firms' duty cut hopes.
The report added that the rapid adjustments in the monetary and fiscal policies were well calibrated and not excessive, enabling the government to contemplate a return to fiscal consolidation in 2010-11 and an early normalisation of the monetary policy stance.
The prime minister's Economic Advisory Council had said inflation would be at 7-8 per cent by the year-end, compared with 10.55 per cent in June.
The men who advice the man who runs the country are experts and their experience says it all.
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