Planning Commission on Thursday said the target of eight per cent GDP growth in the 10th Five-year Plan is "fully achievable".
A Planning Commission panel has suggested allowing foreign investors to own a larger share in domestic insurance companies. The group, chaired by Planning Commission member Anwarul Hoda, has also said that foreign direct investment restrictions on reinsurance companies should be removed.
In the midst of the high-octane legal battle between the two Ambani brothers over gas supply from KG-D6 fields, the Planning Commission said on Thursday that it is not concerned about the outcome of the dispute, but only wanted to promote the use of the fuel for the power and fertilizer sectors.
India needs to recognise and address challenges posed by its dependence on China for critical minerals and examine the implications of phasing down coal on bank balance sheets as it accelerates its green transition, the government's Economic Survey 2023-24 tabled in Parliament on Monday said. As part of its national plan to contribute to meeting the global goal of limiting the average temperature rise to 1.5 degrees Celsius, India has committed to reducing emissions by 45 per cent below 2005 levels by 2030, achieving 50 per cent cumulative electric installed capacity from non-fossil fuel-based energy resources, and creating a carbon sink of 2.5 to 3 gigatons of CO2 equivalent through additional forest and tree cover.
Asserting that it was incorrect to say foreign consultants were in the Planning Commission, Union Finance Minister P Chidambaram has said only experts of Indian origin have been nominated to its consultative committees.
Government sources in the PMO said Montek Singh Ahluwalia and other panel members will continue till the next Planning Commission is constituted by the prime minister. The apex panel plays a crucial role in the budgetary process. Finance Minister Pranab Mukherjee is likely to present the Budget in the first week of July. Though the recommendations of the Plan panel are not legally binding, the inputs are crucial in dealing with the planned expenditure by the government.
Around 600 non-flying staff of Air India and Vistara are likely to be impacted by the two airlines' mega-merger, and efforts will be made to provide job opportunities to the affected employees within Air India group and Tata companies, sources said on Wednesday. Tata Group-owned loss-making full-service carriers -- Air India and Vistara -- together have more than 23,000 employees.
The ministry was supposed to send the policy for Cabinet clearance by February end.
The multi-mission communication satellite, also known as PAKSAT MM1, was launched from the Xichang Satellite Launch Center in China's southwestern province of Sichuan, China's state-run Xinhua news agency reported.
The Cabinet also initiated the process of notifying the dates of the seven-phase parliamentary elections by sending the Election Commission's recommendation to President Droupadi Murmu.
'New Delhi has to make up its mind whether it wants to be a friend of the Bangladeshi people or they want to be a friend of a section of people, or one party or one leader'
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.
A high-level committee on Thursday recommended simultaneous elections for Lok Sabha and state assemblies as the first step followed by synchronised local body polls within 100 days.
Ahluwalia, who was part of the team under then Finance Minister Manmohan Singh that started reform process in 1991, is presently with the International Monetary Fund, a post which he is expected to relinquish next month.
The state government cancelled the exam on March 2, following reports that the paper was leaked.
Government-owned Life Insurance Corporation of India (LIC) has seen substantial gains from its investments in Adani group shares, which have experienced a significant recovery over the past year. The value of LIC's stake in Adani group companies surged by 51.6 per cent, or Rs 22,591 crore, reaching Rs 66,388 crore as of Friday's close. This compares to Rs 43,797 crore on May 31 last year, according to stock exchange data.
'Everyone is unhappy with the lieutenant governor's administration, which is ignorant, high-handed, and inaccessible.'
The new body may be headed by the Prime Minister as the chairman position would be ex-officio.
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.
Planning Commission has submitted a proposal to the finance ministry for raising Rs 70,000 crore
The political storm over foreign consultants in the Planning Commission took a new turn on Wednesday amid indications that experts from the World Bank, McKinsey and ADB
The Planning Commission will bring out a policy paper on the regulatory framework for the infrastructure sector by end of 2004.
The ministry of finance has assured the Planning Commission of at least 15 percent increase in gross budgetary support for 2010-11, over the 2009-10 budget estimates.
"I could say 40,000 Mw is certainly achievable, 60,000 Mw is a possible target but 77,000 Mw looks a bit difficult," said Kirit Parikh, member (energy), Planning Commission. He attributed the apprehension over meeting the capacity addition target mainly to the non-achievement of financial closures of some projects. About 15 per cent -- 12,000 MW -- of the power generation target for the current Plan period has been achieved.
Inaugurating the 'Janganana Bhawan', the office of the Registrar General and Census Commissioner of India, Shah said census is a process that may form the basis of development agenda.
The government will also set up an IIM at Shillong.
Poverty in rural areas declined at a faster pace than in urban cities between 2004-05 and 2009-10, according to the Planning Commission estimates released on Monday.
Left economists in various committees of the Planning Commission on Tuesday threatened to resign if the government did not reconsider the decision to include foreign experts in consultations for the Mid-Term Appraisal of the Tenth Plan.
The Adani group, buoyed by a sharp recovery in its share prices over the past year, is set to embark on a series of roadshows this week to raise up to $4 billion (approximately Rs 33,254 crore) through equity and refinancing of older debt, according to banking sources. The roadshows, scheduled to take place in major cities, will inform investors about the group's investment plans across renewable energy, petrochemicals, and infrastructure development.
Oil and gold had accounted for 45 per cent of India's imports bill in 2012-13.
Anil Agarwal-led Vedanta's Sterlite Copper has come out with a fresh notification inviting expressions of interest (EoIs) to supply raw materials like copper concentrate, imported thermal coal, rock phosphate and petroleum products, among others, as part of its preparatory measures to restart production at its Thoothukudi unit in Tamil Nadu. This plant is likely to restart operations if a Supreme Court verdict goes in favour of the company. On June 12, the company had invited EoIs for carrying out plant 'restart activities'.
Putting the ongoing trial in the 26/11 case in Pakistan into further uncertainty, a judicial commission of that country, that was to record statements of key persons involved in Mumbai attack probe, failed to arrive on its scheduled visit to India on Thursday.
West Bengal is home to 43,000 Durga Pujas, and the business around it is a major economic driver.
Explore, engage, participate and excel in as many co-curricular activities and hackathons as possible to improve your self-confidence, communication skills and overall personality, advises rediffGURU Chocko Valliappa.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances