Planning Commission's warning over rising dependence on imports is timely.
We have a government with an extremely weak economic team advising a PM who hardly pays attention to their thoughts, says Jayanta Roy.
The Planning Commission said the decision of oil marketing companies to raise petrol price by Rs 3.14 per litre is a good news and will provide credibility to the economic reforms process.
Currently 100 per cent FDI is allowed in the sector.
According to principal advisor with the Planning Commission and former chief statistician, Pronob Sen, there were 40-45 million more people in the age group of 15-59 between 2004-05 and 2009-10. The unemployment rate has correspondingly fallen from 2.3 per cent to 2 per cent of the labour force.
"This year, at the Planning Commission, we expect growth rate will be around 8 per cent. We are not expecting 9 per cent in the year 2011-12," Ahluwalia said while speaking at the convocation ceremony at Vijna Jyothy Institute of Management.
The two part-time members of the new body would be from leading universities and research organisations.
The Planning Commission projected the Centre's fiscal deficit to come down to three per cent of the gross domestic product.
Ahead of the second phase of polls in the state, Banerjee's letter, which was released by the Trinamool Congress on Wednesday, seeks to drum up support from opposition leaders by stating how non-BJP states have suffered due to the saffron party led Centre's actions.
'After the creation of Telangana, Andhra Pradesh has been left as an agrarian state.' 'Therefore, the special category status to this residual state was imminent and necessary for its development,' YSR Congress MP V Vijayasai Reddy explained in the Rajya Sabha.
The industrial growth number for the month of December has been revised upward to 2.53 per cent from the provisional number of 1.6 per cent released earlier.
Mukherjee said uncertainty was still there on oil prices front due to unrest in West Asia and North Africa.
Planning Commission on Tuesday endorsed RBI's hawkish policy of hiking key rates by half a percentage point saying this would contain inflation.
The Principal Secretary of Planning Commission also requested the people of Jammu and Kashmir on behalf of the central government to maintain peace.
Ahluwalia also stressed on the need for aligning country's energy prices with the global rates and said, "because the climate change is ultimately caused by the use of fossil fuels, one critical issue is that we must have correct energy prices.
Columbia University, where Panagariya teaches Indian political economy, refused to give any further extension.
According to Planning Commission Deputy Chairman Montek Singh Ahluwalia, more than the anticipated growth in the farm sector will make up for the shortfall in the industrial output.
Internal report, to be finalised in seven-10 days, may also suggest reduction in subsidies
The Supreme Court on Tuesday pulled up the Centre for limiting the number of below poverty line (PDS) people in a state to 36 per cent of its population as per the Planning Commission's recommendations.
The draft environment impact assessment (EIA) notification, 2020, which involves the procedure of issuing environmental clearances to various projects, was issued by the Environment Ministry in March this year and has received thousands of suggestions from the public.
The term of the members of the Planning Commission is co-terminus with the Prime Minister and they would be submitting their resignations once the new government is formed after the ongoing general elections next month.
International Monetary Fund managing director Dominique Strauss-Kahn on Thursday said he favoured new heads of the World Bank and the Fund to be from countries other than Europe and the United States.
The reaction from Planning Commission Deputy Chairman Montek Singh Ahluwalia comes a day after the Central Bureau of Investigation arrested LIC Housing Finance CEO Ramachandran Nair and seven other senior bankers on charges of corruption and criminal conspiracy.
The Planning Commission no longer sets targets; it provides a broad picture of the economy, its likely direction and pace, all of which help private entrepreneurs in their decisions.
Under the Mahatma Gandhi National Rural Employment Guarantee Act, a worker is entitled to Rs 100 per day for minimum of 100 days in a year.
The Planning Commission is interacting with grassroot-level health workers to invite specific suggestions and incorporate the same in policies to tackle malnutrition in India.
Slamming Congress Vice President Rahul Gandhi for stating that poverty was just a "state of mind," Madhya Pradesh Chief Minister Shivraj Singh Chouhan said the Congress leadership and Planning Commission should immediately stop making fun of poverty.
Seeking the cooperation of States in dealing with Left-wing extremism, Prime Minister Manmohan Singh on Saturday asked the Planning Commission to design a holistic development programme for Naxal-affected areas.
The petroleum and natural gas ministry has asked the Planning Commission to constitute a committee to suggest a mechanism to average out prices of imported and domestic gas--a move expected to make gas prices uniform for consumers.
Amid controversy over the Gujarat government's poverty figures, the Congress on Tuesday took a jibe at the Narendra Modi-led government, questioning if poor people were only migrating to that state.
The Planning Commission said on Friday that the Reserve Bank of India has some headroom for rate hike of around 50 basis points.
After the Planning Commission rejected its financing plan for the second time, the National Highways Authority of India (NHAI) is preparing a new draft plan. The earlier proposals were rejected citing that NHAI would find it difficult to borrow funds from the market.
Pro-growth economist Arvind Panagariya has been appointed as first vice-chairman of the newly announced NITI Aayog, which has replaced the Planning Commission.
On Friday, the nameplate of the erstwhile commission on the railings of the Yojana Bhawan was pulled down and replaced with NITI Aayog.
Moreover, 'no-go' areas need not be excluded for mining activities for ever, Planning Commission deputy chairman Montek Singh Ahluwalia said.
The Planning Commission, which was established in 1950, will be called 'Neeti Ayog' in its new avatar, months after Prime Minister Narendra Modi announced that it will replaced by a new body.
"Manmohan Singh Ji (former Prime Minister) tried many times but could not do. Today when it is implemented, propaganda is being spread," Tomar said.
After Nasim Zaidi retired as Chief Election Commissioner in July, there was a vacancy in the poll panel.
The Planning Commission on Tuesday said that inflation is not coming down as expected and it would be little higher than earlier forecast of close 6 per cent for the month of December.
His outburst has to rank among the most bizarre episodes of two arms of the government fighting in public.
