The move, if accepted, will help resolve nearly one-third of the 1,200 cases on payments pending in various courts in the country.
Pakistan's first satellite will be launched into space by April 2011, a top nuclear scientist of the country said on Tuesday. Leading nuclear scientist Samar Mobarakmand who is also a member of the Planning Commission, made the announcement.
No comments could be obtained from the spokespersons of either Reliance Industries Limited or Anil Dhirubhai Ambani Group.
Planning Commission Member Abhijit Sen on Wednesday said food inflation is expected to decline to 4 to 5 per cent by November from the current over 16 per cent after the arrival of Kharif (summer) crops.
Finance minister Pranab Mukherjee, however, had said that stimulus measures need to continue till there is robust recovery in the developed world, which account for bulk of India's exports.
As the debate is on to decontrol fuel prices, the Planning Commission Deputy Chairman Montek Singh Ahluwalia on Thursday said it would be a bad idea to continue with subsidies to keep oil prices subdued.
This comes at a time when the country's total commercial energy requirement is expected to grow at 5-6 per cent to a massive 1,667 million tonne oil equivalent (Mtoe) required to achieve and sustain a 9 per cent gross domestic product growth rate in the next two decades, as per planning commission's projection.
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we are facing a situation of empty coffers but eagerness to expand.
The Union government's response to the many comments and criticisms of the 2009-10 Budget was explored by Karan Thapar for Devil's Advocate, the CNN-IBN channel programme, with deputy chairman of the Planning Commission Montek Singh Ahluwalia.
Finance Commission has got new team who are committed to growth initiatives.
Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday expressed confidence that in the years to come India could emerge as the fastest growing economy in the world, beating China as the nation has yet to achieve its full growth potential.
'Modi had promised to deposit money in the accounts of people, but he has done it only in the case of some rich businessmen like the Ambanis'
This failure of basic short-term policy is surprising, given the star power that this government brings to its economic management.
The debate over remuneration of CEOs on Monday grew louder with Planning Commission deputy chairman Montek Singh Ahluwalia stating that company heads should not be paid 'indecent salaries'.
The RBI's big decision is not how much to ease but whether to monetise the fiscal deficit.
Earlier, President Pratibha Patil while spelling out the government's polices had said in her address to joint sitting of Parliament that "our fellow citizens have every right to own part of the shares of public sector companies, while the government retains majority shareholding control".
Extending the job guarantee programme much beyond digging ponds and building roads, work allotted under NREGA may cover garmenting giving employment to lakhs of people, Textile Secretary Rita Menon has said.
The sharing of river waters between India and Pakistan is a "sensitive issue" that has the potential for triggering a war between the two countries, an adviser to Prime Minister Yousuf Raza Gilani has said.
International economic diplomacy will be a major focus for the new government.
The government has earmarked Rs 100 crore (Rs 1 billion) to establish 'a comprehensive system of unique identity for the resident population of the country'. The project will focus on border areas with illegal immigration in mind. It will also facilitate speedy and efficient transactions between individuals and service providers.
The President may not have agreed with the government on many occasions. Not once was this ever made public -- though he told off ministers in private.
The others who will be joining the commission as members are Narendra Jadhav, honorary vice-chancellor of Pune University and Mihir Shah, secretary of Samaj Pragati Sahayog. The government has also retained Abhijit Sen, Syeda Hameed and B K Chaturvedi as members in the reconstituted commission, sources in the Prime Minister's Office said.
Prime Minister Manmohan Singh has asked the Cabinet Committee on Economic Affairs to decide on a Planning Commission proposal to allocate a portion of power generated from Centrally-owned utilities for open access to large consumers.
Delhi gets more water than Paris, according to a report of the Planning Commission. If the national average water supply for cities is 140 litres per capita, Delhiites guzzle 240 litres per capita. But Delhi, which empties the river Yamuna as it enters the city to fulfill its water needs, says it is facing a water shortage of the intensity of a crisis.
The government plans to resurrect the ministry of disinvestment in a bid to raise resources by selling its shareholding in public sector companies.
India's per capita green house gas (GHG) emission in 2030 will be well below those in the developed countries in 2005, according to a report.
The Planning Commission on Tuesday called for linking petrol and diesel prices with international markets and made a case for raising gas prices by public sector companies.
Indian Industry leaders are elated that the Congress government has returned to power. Here is a wishlist of Cabinet ministers.
"The full impact of the Dubai debt crisis is yet to be assessed, but there is no need to press the panic button," said Pranab Mukherjee.
Planning Commission Deputy Chairman Montek Singh Ahluwalia on Tuesday said that poor monsoon will adversely impact farm production and trim economic growth.
In view of the severe drought and growing prices of essential commodities, Prime Minister Manmohan Singh has constituted a crisis management group of Ministers (GoM) for monitoring the situation on a day-to-day basis.
Reasserting the fact that India could easily attain a growth rate of above 7 per cent in the next financial year, Planning Commission deputy chairman Montek Singh Ahluwalia said on Sunday India was not extensively dependent on the global economic recovery for its own growth projections.
Under a third of the target for power generating capacity in 2008-09 was met. What's worse is that just better management could have fixed things, says Mahesh Vyas.
Dr Ashwani Mahajan, all India co-convenor of the Swadesh Jaagran Manch and an associate professor at the Delhi University, discusses the state of the Indian economy in an interview with Rediff.com's Shobha Warrier.
Initiating the debate on the Finance Bill in the Lok Sabha, BJP leader Jaswant Singh said the finance minister should not spend his time in 'accountancy' but 'apply his mind to the reality of economic management of the country." Terming the Finance Bill as the 'child' of the Union Budget, he said it (Finance Bill) should be abolished and if not, then the government should 'break it up'.
Planning Commission Deputy Chairman Montek Ahluwalia on Tuesday ruled out any more stimulus package for industry as the Budget has given a substantial boost to the slowing economy.
Given the anticipated overall GDP growth of over 8 per cent, the poor acceleration in the farm sector that still supports nearly 65 per cent of the population is an indictment of the strategy of 'inclusive growth'.
The prime minister's economic advisory council was disbanded early on, and not reconstituted.
The growth projection is likely to be revised upwards mainly on account of better than estimated performance of the manufacturing sector.
Asked whether the improvement in the index of industrial production data, released today, indicates that the worst is over for industry, Ahluwalia said, "We do believe that the worst is over. (But) there is difference between the worst being over and getting back to robust growth.
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