The Reserve Bank of India has been actively doing OMOs or buyback of government bonds to manage liquidity in the system over the last few months.
In an interview with Business Standard, he says investments would pick up and inflation would fall in the next financial year, providing the Reserve Bank of India the room to cut rates.
Shashank Shukla, currently pursuing second year of the Teach for India (TFI) programme has helped set up five homeless adult shelters across Delhi in the last few months and is also running three existing residential homes for children.
Former Indian Space Research Organisation chief G Madhavan Nair and three fellow space scientists against whom the government has taken damning action in the controversial Antrix-Devas deal were "thrown out like garbage", said Prof C N R Rao, head of the Scientific Advisory Council to the prime minister.
Prime Minister's Economic Advisory Council Chairman C Rangarajan on Tuesday called RBI's policy action a "wise decision". The liquidity easing measures will have an impact on interest rates, he said.
Believes India can grow at 6 - 7 per cent next fiscal.
C Rangarajan, former governor of Reserve Bank of India, was speaking on the topic `the growth path and some concernson the way' at a function at Federation of Gujarat Industries on Monday.
Responding to Anna Hazare's complaint against her "colleagues", Congress President Sonia Gandhi on Wednesday assured him that she does not support "politics of smear campaign" and that she was strongly committed to the institution of Lokpal.
On a day when a full-page email interview with the prime minister appeared in the Hindustan Times, the National Advisory Council, chaired by Sonia Gandhi, on Friday slammed the United Progressive Alliance government for not implementing a score of its recommendations, including food security to all, made in the past two years.
It is unusual for Congress chief ministers to say no to Congress Party President Sonia Gandhi, but some of them have gathered the courage to oppose Gandhi's dream project.
Today, public policy projects itself as pro-farmer but it does it half-heartedly, complains Swaminathan.
The new Commission on Sustainable Agriculture and Climate Change, has been set up by the Consultative Group on International Agricultural Research's Research Programme on Climate Change, Agriculture and Food Security program.
Rangarajan also called for improvement in the country's corporate-bond market saying that this will help even small companies to raise adequate funds.
Singh claimed the ICCR chairmanship is not an office of profit and in the past, Atal Bihari Vajpayee and P V Narasimha Rao had occupied this post when they were external affairs ministers.
Prime Minister's Economic Advisory Council Chairman, C Rangarajan, on Wednesday echoed leading personalities saying the deteriorating quality of governance may come in the way of India achieving high growth on a durable basis.
Janata Party chief Subramanian Swamy on Tuesday filed an FIR in New Delhi against United Progressive Alliance chairperson Sonia Gandhi and members of the National Advisory Council' (which is headed by Gandhi) 'for committing offences of propagating hate against the Hindu community by circulating for enacting as law a draft bill described as Prevention of Communal and Targeted Violence Bill, 2011.'
One more woman died on Saturday and four others were battling for their lives after they were allegedly administered contaminated intravenous fluids in two government hospitals in Jodhpur, where 13 maternal deaths have taken place in last 11 days.
In an apparent dig at Anna Hazare's campaign for Jan Lokpal Bill, National Advisory Council member Aruna Roy on Monday said one has the right to dissent in a democracy but not to overrule the functioning of Parliament and its multifarious structures.
He says though agriculture and industry would get a fillip in the second half of this financial year, a complete economic revival is expected only in 2013-14.
BCCI to lock in broadcast deal by August-end before series against Australia; Afghanistan ODIs moved to January
The sixth Pravasi Bharatiya Divas was inagurated by Prime Minister Manmohan Singh at the Vigyan Bhavan in New Delhi on Tuesday. The prime minister announced that the government will set up a Global Advisory Council for Persons of Indian Origin. He said the council would comprise persons of Indian origin from all walks of life across the globe.
The bold decisions are part of the Congress 'Nav Sankalp' declaration that was adopted at the end of the three-day 'Chintan Shivir in Udaipur, indicating that the party has chosen to put its weight behind the young leadership after a prolonged old-versus-new tussle.
Congress leader Digvijay Singh on Monday claimed that India Against Corruption activist Arvind Kejriwal had approached him in the past to push his name for a position in the Sonia Gandhi-led National Advisory Council.
With terror threats looming large over the civil aviation sector, an advisory council of experts will be set up soon to deliberate on and recommend measures to step up aviation security.
PM's economic advisory council chairman C Rangarajan has asked microfinance institutions (MFIs) to overhaul their "flawed" business model for sustainability.
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.
He says there are certain aspects, such as export growth, that are impressive.
Fiscal correction is needed even after the changes that have been made now, otherwise the fiscal deficit would tend to be high.
This is her second intervention, seeking that work done under NREGA be treated as scheduled employment under the Minimum Wages Act.
The country's growth rate is expected to pick up in the second half of this fiscal and reach 6.7 per cent for entire 2012-13, Prime Minister's Economic Advisory Council Chairman C Rangarajan said on Monday.
They want govt to raise excise duty and service tax rates, cut subsidies.
The Prime Minister's Economic Advisory Council warned of serious fiscal risks from growing off-Budget liabilities, which are estimated at 5 per cent of gross domestic product in 2008-09. This would be much more the budgeted central government deficit of 2.5 per cent of GDP for the year.
The prime minister's economic advisory council has lowered India's GDP growth projection to 7.7 per cent during 2008-09 as against 9 per cent in the last fiscal.
In the first sign of dissent within the ruling UPA government, Agriculture & Food Minister Sharad Pawar on Wednesday indicated that covering two-thirds of the population under the proposed Food Security Bill was not feasible.
On Tuesday, the partially convertible rupee, the worst performing currency among the major global economies, dropped as much as 3.1 percent to 68.12 per dollar.
After the exit of Aruna Roy, government has reconstituted the National Advisory Council by inducting renowned sociologist Virginius Xaxa into the 12-member panel chaired by Congress president Sonia Gandhi.
Cash or food, which will better benefit the poor? This deceptively simple looking question is currently at the centre of a sharply bitter dispute.
A first step in that direction has been taken by the prime minister by setting up an expert panel headed by his economic advisory council.
Bullion imports are expected to fall by about 29 per cent this fiscal to USD 44 billion, the Prime Minister Economic Advisory Council said in a report released on Friday.
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