Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission made a presentation in which he pointed out the detailed process through which these targets were finalised and the high level of ambition they represent.
Tuesday's exercise underlines Bharatiya Janata Party's attempts at wooing Dalits and OBCs, whose votes would be crucial to its fortunes in key states like UP and Gujarat.
The 12th Plan document describes three average annual growth scenarios - 8%, 6-6.5% and 5-5.5 per cent.
Showing concerns over hardening inflation, the Reserve Bank today left the key interest rate unchanged but reduced cash reserve ratio by 0.25 per cent to inject Rs 17,500 crore (Rs 175 billion) liquidity into the financial system.
During the fourth quarter of last fiscal, the economy had grown at a nine-year low rate of 5.3 per cent. During the entire fiscal of 2011-12, the economy grew by 6.5 per cent.
Terming HSBC's projection at 5.2 per cent for the current fiscal as incorrect, Ahluwalia said the second half is likely to be better than the first half's.
The three women add to the film's universal appeal.
Between 2004-05 and 2011-12, on an average, poverty declined by two percentage points a year say experts who worked on the data.
Planning Commission on Monday said India will not be able to achieve USD 1 trillion target for investment in the infrastructure sector during the 12th Plan (2012-17) in view of lower economic growth prospects.
The inter-ministerial committee will coordinate investigation against Rajiv Gandhi Foundation, Rajiv Gandhi Charitable Trust and Indira Gandhi Memorial Trust.
After spending 20 days in jail, two Zee group editors were granted bail on Monday by a Delhi court in the case of alleged Rs 100 crore extortion bid from Congress MP Naveen Jindal's firm.
Holding their first comprehensive Strategic Economic Dialogue (SED) in Beijing on Monday, India and China have reached an understanding to deepen bilateral investment cooperation, further open up markets to each other and improve the investment environment.
Some reactions to RBI's monetary policy announced on Monday.
Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday pegged India's growth this financial year at 6.5-7 per cent. He added the country had taken various steps to boost investment, the results of which would be seen in six months.
Interview with Montek Singh Ahluwalia, Deputy Chairman, Planning Commission.
Two senior journalists of Zee news channel were arrested in New Delhi on Tuesday on charges of trying to extort Rs 100 crore from Congress MP Naveen Jindal's group for not doing news reports on coal scam linking his firm.
Attacking the government over the issue of price rise, the Bharatiya Janata Party said on Wednesday if the United Progressive Alliance dispensation was sincere in addressing the "burning issue" they should agree on a discussion in Parliament under a provision that entails voting.
Raise diesel prices or else face a situation similar to the recent grid failure which led to complete blackout across 20 states for hours, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Friday.
The Dravida Munnetra Kazhagam is upset with the prime minister's office for not including DMK's M K Alagiri in the Empowered Group of Ministers on drought.
The term of the Deputy Chairman and Members of the Commission is coterminous with that of the Prime Minister and all of them have resigned following the change of government last month after the general elections.
"We will decide a further course of action after receiving a detailed report from our Charge d' Affaires and determining the extent of conformity to the ICJ directives," said the MEA spokesperson.
Home Minister P Chidambaram and Planning Commission Deputy Chairman Montek Singh Ahluwalia rejected reports that they were locked in a turf war over the ambitious UIDAI project to give every Indian resident a unique ID number Aadhar.
The presidential election has really come as a boon to the four-month-old Akhilesh Yadav government in Uttar Pradesh, which received a largesse of nearly Rs 80,000 crore from the Centre on Wednesday.
Preity Zinta talks about her upcoming television show.
The fate of 961 candidates, including Union ministers Giriraj Singh, Subhash Bhamre, S S Ahluwalia and Babul Supriyo of the BJP and former Union ministers Salman Khurshid and Adhir Ranjan Chowdhury of the Congress, will be decided by about 12.79 core voters in the fourth phase.
The original reforms trio of 1991, which showed the way for the opening up of the Indian economy, is now back with a bang. At that time Prime Minister Manmohan Singh was Narasimha Rao's finance minister, Planning Commission Deputy Chairman Montek Singh Ahluwalia was his finance secretary and Rangarajan was the deputy governor of the Reserve Bank of India. They set the ball rolling and became the "reform priests", a journey which has come full circle today.
Dr Singh sent a signal to Mumbai markets on Wednesday that he meant business -- to first understand, then act. "Wait and watch," a source in PMO said that many changes are expected soon in North Block. He will be visiting North Block next week to the office of Finance Minister in order to meet the junior officials.
The country's economic growth rate slipped to 5.3 per cent in the fourth quarter of 2011-12, lowest in nearly 9 years due to poor performance of the manufacturing and farm sectors.
Anshuman Mishra, the Independent candidate for Rajya Sabha from Jharkhand who is in the thick of a controversy for getting the support from Bharatiya Janata Party MLAs, has left the saffron party in a spot of bother.
Bharatiya Janata Party Member of parliament Varun Gandhi, who was in the thick of controversy for his anti-Muslim hate speech during the 2009 Lok Sabha election, is undergoing an image makeover, or so it seems.
India's fiscal deficit is expected to be 5.6 per cent of gross domestic product this fiscal as against the budget estimates of 4.6 per cent of GDP.
Deficient monsoon is likely to pull down the economic growth in the current fiscal to about six per cent, from 6.5 per cent a year ago, the Planning Commission said on Friday.
Shortly before the commencement of the Sixth G20 Summit in Cannes, France, leaders of the emerging, but powerful, economies -- Brazil, Russia, India and China -- met with the intention of designing a joint strategy on how to tackle the Eurozone debt tsunami that could overrun the developing nations causing havoc.
Ravi Shankar Prasad is set to become the new deputy leader of the Bharatiya Janata Party in the Rajya Sabha with Parliamentary Party chief L K Advani on Thursday recommending his name for the post to the vice president.
PM's new vigour should revive investment - but may not return India to nine per cent growth.
The authority is set to cross the target by the end of this month, with a million enrolments every day. It has already allotted 116.3 million Aadhar numbers.
Reliance Industries is facing penalty for falling gas output from its KG-D6 fields.
Betaal does scare the wits out of you in certain sequences but as a whole, fails to make a mark, sighs Moumita Bhattacharjee.
