The Economic Advisory Council to the Prime Minister, of which he is chairman, has quickly sought to distance itself and the government from Dr Debroy's views.
CRR stand at 5.5 per cent after a 50 basis points cut in January.
The state administration on August 2 had issued a security advisory asking Amarnath pilgrims and tourists to leave Kashmir as soon as possible, citing terror threat in the Valley.
According to a top BCCI official, Tendulkar and Laxman who both had resigned in July will resume their roles in the CAC.
Prime Minister Dr Manmohan Singh has convened a meeting of senior ministers on Tuesday to discuss the recommendations of the National Advisory Council on the Food Security Bill.
Projecting acceleration in India's GDP growth to 9% for FY 2011-012, Economic Advisory Council to Prime Minister seeks measure to address serious supply bottlenecks.
Many people have received fake messages related to VIP invitations, donation drives and prasaad of the mega event.
Government's cheap food distribution covers 68 per cent of the population.
Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy on Tuesday said the government was losing revenue due to the GST, which should be revenue neutral with a single rate. Speaking at an event organised by the Calcutta Chamber of Commerce in Kolkata, he however said that GST has led to a lot of simplification. "The ideal GST is one that has a single rate, and it was meant to be revenue neutral.
Prime Minister Manmohan Singh will be briefed on the state of the economy and the growth outlook by his economic advisory council on Friday.
The National Advisory Council on Friday placed in the public domain for comments the draft 'Prevention of Communal and Targeted Violence (Access to Justice and Reparations) Bill, 2011'.
However, with the current advisory from India's Ministry of External Affairs against traveling to Bangladesh and considering the volatile situation, the ICC is preparing contingency plans.
The Prime Minister's Economic Advisory Council, headed by former Reserve Bank Governor C Rangarajan, had said that it was unlikely that the GDP growth rate would be lower than 6.25 per cent for the current fiscal; buy might reach 6.75 per cent despite the adverse impact of monsoon on farm sector output.
Finance Minister P Chidambaram on Wednesday said he was confident that the economy will grow close to 8 per cent this fiscal, although the Prime Minister's Economic Advisory Council saw gross domestic product expansion slowing to 7.7 per cent.
She has also resigned as chairperson of the NAC.
Chairman of the Economic Advisory Council to the Prime Minister (PMEAC) Chakravarthi Rangarajan has resigned following the defeat of the Congress-led UPA in the general elections.
In a breather to the troubled edtech company, the steering committee of lenders has agreed to amend a $1.2 billion term loan with Byju's by August 3, 2023, the lenders announced on Monday. Successful execution of the amendment would "immediately" solve the loan's acceleration and end all open litigation while avoiding further enforcement actions, they in a statement. An e-mail sent to Byju's did not elicit a response.
Infosys chairman and Aadhaar architect Nandan Nilekani will join a panel set up by the central government, along with eight other members, to advise the government on designing and accelerating adoption of Open Network for Digital Commerce (ONDC), aimed at curbing digital monopolies. The larger idea is to give 'free and fair' choice to consumers to buy products on an online platform, a senior government official said.
Chief Executive Officer (CEO) Ravikant Chopra, Chief Financial Officer (CFO) PC Vaish, GM, Cricket Operations, Cricket Advisory Committee (CAC) members Yashpal Sharma and Sunil Valson also took the charge on Monday after taking back their resignations.
Mahindra & Mahindra chairman emeritus Keshub Mahindra passed away this morning in Mumbai due to old age. Mahindra, 99, breathed his last this morning at home peacefully, said a person close to the family. After joining the company in 1947, he became the chairman in 1963.
To pursue a job, DPharm candidates must complete two years of coursework, three months of hospital training, and then pass the exit exam. However, BPharm graduates can pursue a job right after completing their four-year course, informs rediffGURU Dr Nagarajan JSK.
Khan has been in jail since January 29 for allegedly delivering a provocative speech at the Aligarh Muslim University on December 10, 2019 during the anti-Citizenship (Amendment) Act protests.
'If Trump wins the election, there's not going to be much turmoil.' 'But if he loses, he will not accept the results.' 'And if it is close, which I think it's going to be, he's going to contest it.' 'But at the end of the day, the truth will prevail.'
It said Delhi is facing an unprecedented heatwave with temperatures hovering around 50 degrees Celsius in some parts for the first time in the city's history.
Hospital chain Aster DM Healthcare's plans to sell its Gulf business may run into rough weather with voting advisory firm Institutional Investor Advisory Services (IiAS) raising concerns over the transaction. Recommending an 'against' vote on the resolution, IiAS has said there is no clarity on how Aster DM will utilise the proceeds that it will obtain by selling the unit, which contributes to bulk of its revenues. In November, Aster DM had announced its plans to sell its wholly-owned subsidiary Affinity Holdings, which conducts business in the Gulf Cooperation Council (GCC) region, to Alpha GCC for $1 billion.
rediffGURU Nayagam PP counsels students and aspiring professionals on how to pick the right courses and scale up in your career.
The Supreme Court has sought responses of the Centre, CBI, the Enforcement Directorate and others including 13 states on a plea alleging fraudulent activities by motivational speaker Vivek Bindra and his firm Bada Business Pvt Ltd. Accusing the social media influencer and his firm of tricking people into giving them their money through a ponzi scheme that promised big returns, the petition sought a direction to the Centre to constitute a special investigation team (SIT) of the CBI to probe the case. A bench comprising MM Sundresh and SVN Bhatti took note of the submissions of senior advocate Vikas Singh, appearing for Shubham Chaudhary and 19 other petitioners, that Bindra and his firm have duped several people of their money.
Sebi's mandate restraining mutual funds, stock brokers, and other intermediaries from associating with finfluencers who do not come under the Sebi ambit will impact the earnings of finfluencers through sponsorships, tie-ups, or referral links, as these may dry up due to the restrictions.
The Act deals with automatic disqualification of MPs and state legislators upon being convicted and sentenced for two years or more in a criminal case.
The police in Kanpur have lodged an FIR against The Week magazine amid a row over "objectionable pictures" of Lord Shiva and Goddess Kali that has led Hindu activists to burn copies of the magazine and economist Bibek Debroy end his association with it.
The National Security Strategy document should flag all major issues concerning security strategy and provide guidelines to concerned departments to work out suitable action plans. Since the global and regional geopolitical canvas is dynamic, the NSS document should be deliberated at length before formulation and should be reviewed periodically, recommends Commodore Venugopal Menon (retd).
The agency has previously found that alcohol causes at least seven types of cancer, including the most common cancer types, such as bowel cancer and female breast cancer. It is also linked with oesophagus, liver and colorectal cancers.
The outbound FDI is also expected to increase, resulting in net FDI inflow of $24 billion.
Subramanian's paper comes at a time when concerns have been raised in various quarters about the official economic growth numbers. The Economic Advisory Council-PM said the Base Year of India's income calculations were shifted to 2011-12 on the basis of recommendations of several committees with experts in national income accounting.
Says licensing of new banks should be a continuous process instead of the current stop-go system
With inflation still ruling above the 9 per cent mark, Prime Minister's Economic Advisory Committee (PMEAC) on Wednesday suggested that the Reserve Bank should continue to focus on controlling the rising prices.
Noted agriculture scientist M S Swaminathan, bureaucrat-turned-activist Harsh Mander and academician Madhav Gadgil have been denied re-nomination.
Economic Advisory Council to the Prime Minister has identified ten themes, including economic growth and job creations that need attention.
Raise the price of diesel and restrict supply of subsidised LPG cylinder in a year to four per family, Prime Minister's Economic Advisory Panel suggested on Friday.
Union Minister for Human Resource and Development Kapil Sibal said on Wednesday that the Indian Institute of Technology Council has proposed that students seeking admission into IITs all over the country will have to pass just one test instead of appearing in separate tests for various institutes.
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