The committee is expected to submit its report soon.
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.
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.
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.
The weapon carrying security personnel pushed journalists, who retaliated with more pushes and shoves.
The government hopes of registering GDP growth rate ranging between 6.1-6.7 per cent in 2013-14.
Plans to increase price progressively.
Food inflation rose to 18.32 per cent for the week ended December 25, because of rise in prices of food items like onion, milk and meat.
The Reserve Bank of India is slated to announce its monetary policy review on January 29, amid industry demand for lowering of interest rates to spur growth.
The Goldman Sachs report that suggests the stock market, Nifty, could grow 17 percent to reach 7,000 by December. At this rate the country will be second to Korea, and better than China.
Steps to raise funds could include an across-the-board increase in railway fares, senior officials said.
As China's ruling CPC appointed 'fifth generation' leaders headed by Xi Jinping, high-level Sino-India contacts are set to resume this month starting with the Strategic Economic Dialogue, which would be followed by a likely visit of National Security Advisor Shivshankar Menon in Beijing.
Even as the flagship National Rural Employment Guarantee Act scheme continues to face problems at the implementation level, Rural Development Minister Raghuvansh Prasad Singh, ignoring suggestions by Planning Commission Deputy Chairperson Montek Singh Ahluwalia and other economists, has refused to bring any major change in the scheme.
Petroleum Minister Mani Shankar Aiyar on Tuesday indicated that the government would increase petrol, diesel and LPG prices, but also cut duties in a bid to contain the impact of surge in international oil prices.\n\n
Allaying apprehensions over the possibility of deficit rainfall this monsoon season, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said it is too early to reach the conclusion that something adverse is happening.
The working group on food and public distribution constituted under the chairmanship of Planning Commission Deputy Chairman Montek Singh Ahluwalia is likely to recommend using the numbers effectively for streamlining PDS.
Coming out strongly in favour of providing visas on arrival to tourists, Planning Commission ceputy chairman Montek Singh Ahluwalia on Friday extended all support to the tourism ministry and said both would jointly take it up with the concerned minis
Those who have been following developments in the past few years know that Wal-Mart alone must have spent millions of dollars in India for lobbying with our government to open up retail sector for FDI.
Planning Commission deputy chairman Montek Singh Ahluwalia and former Planning Commission member Kirit S Parikh, who heads an expert committee on fuel pricing, may join the deliberations, official sources said.
Interview with Montek Singh Ahluwalia, Deputy Chairman, Planning Commission.
Private power producers wanted the sub-market domestic coal prices to be averaged out with international price of imported coal so as to have a uniform fuel price and remove the disadvantage new projects faced as compared to older ones.
Dudley, on a stop-over visit on way to Shanghai, along with Ambani drove to Planning Commission Deputy Chairman Montek Singh Ahluwalia's residence for a breakfast meeting this morning and had sought a meeting with Law Minister Ashwani Kumar.
Skoch events are organised with pomp and show in the swanky hotels of Delhi and Mumbai every year.
West Bengal Chief Minister Mamata Banerjee on Tuesday faced protests over death of an SFI member from Left activists who also heckled her Finance Minister Amit Mitra outside the Planning Commission office in New Delhi.
The meeting chaired by Prime Minister Manmohan Singh was attended by Commerce and Industry Minister Kamal Nath and Planning Commission Deputy Chairman Montek Singh Ahluwalia. Industry leaders, including Ratan Tata, Rahul Bajaj, Mukesh Ambani and Sunil Bharti Mittal, who are members of the council, also participated in the discussions.
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.
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.
'When Prime Minister Modi met President Trump, they agreed to initiate a bilateral trade dialogue.' 'It makes sense to give these negotiations a chance.'
The meeting is likely to focus on removing impediments which are hampering implementation of the announced projects and policies which have been on the drawing board for long, official sources said. The social sector agenda of the prime minister includes pushing the Aam Admi Bima Yojana and Old Age Pension for the labour class, besides revamping Integrated Child Development Scheme and strengthening the public distribution system.
According to sources, Finance Ministry favours a meagre hike of around 6 per cent in the Plan expenditure for next fiscal over budget estimate of the current financial year.
According to the Approach Paper to the 12th Plan, the Commission has pegged a plan expenditure of Rs 5.83 lakh crore (Rs 5.83 trillion) for 2013-14, which is around 12 per cent more than the budgeted plan expenditure for the current fiscal.
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.
The Energy Co-ordination Committee, headed by Prime Minister Manmohan Singh, would meet on Tuesday with gas pricing, gas sourcing and gas allocation as the main topics on the agenda, an official source said.
Who's wooing Narendra Modi now? Which post did Sheila Dikshit refuse? What is Montek Singh Ahluwalia planning? All this and more in this week's Dilli Gupshup.
The economy expanded at a decade-low rate of 5 per cent in the first year of the 12th Plan
This is more than double the money that the state got during the Xth plan.
According to principal advisor with the Planning Commission and former chief statistician, Pronob Sen, there were 40-45 million more people in the age group of 15-59 between 2004-05 and 2009-10. The unemployment rate has correspondingly fallen from 2.3 per cent to 2 per cent of the labour force.
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