The railways should leverage its revenues to raise money from the market to modernise and expand its facilities, planning commission deputy chairman Montek Singh Ahluwalia said in New Delhi on Monday.
Planning commission deputy chairman Montek Singh Ahluwalia on Tuesday said the government should consider general lowering of duty rates across sectors to avoid creating arbitrage under free trade agreements.
After kicking off the Budget exercise early this week, Finance Minister P Chidambaram on Thursday had a brain-storming session with Planning Commission Deputy Chairman Montek Singh Ahluwalia on the state of the economy.
Stock markets might be tumbling like ninepins but India's policy planners feel the crash on the bourses is just in line with global trends and the economy is not overheated, as all macro indicators remain strong.
In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
India, whose economy has been coasting along at 8 per cent for the last three years, can achieve 9.5 per cent GDP growth even in the absence of hard labour reforms or foreign direct investment in the retail sector.
Renowned economist Arjun Sengupta and Congress Economic Affairs Secretary Jairam Ramesh are among the front-runners for the post of Deputy Chairman, Planning Commission, which fell vacant following the resignation of K C Pant.
A cut in government spending would come at the cost of growth.
The opposition parties on Sunday slammed the move to hire public servants through lateral entry, claiming it will snatch reservations from SCs, STs and OBCs, but the Bharatiya Janata Party hit back stating the National Democratic Alliance government was bringing transparency to this mode of recruitment started by the Congress-led United Progressive Alliance.
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.
The US said on Friday that it was keen on forging closer trade ties with India and more investment flow between the two countries.
The implementation of projects on bamboo development and bio-fuels is estimated to create 2.2 crore (22 million) new jobs by 2012 besides conserving Rs 830 crore (Rs 8,300 million) in foreign exchange annually.
High profile economist Montek Singh Ahluwalia on Monday assumed charge as the deputy chairman of Planning Commission.
The Planning Commission on Tuesday emphasised the need for setting up "effective" regulatory institutions in civil aviation and ports sectors even as it said the functioning of the existing regulators in power and telecom was "uneven."
South Asia is expected to log an economic growth of 6.9% in 2003-04, which would further go up to 7.2% in the next fiscal, making the region the second-fastest growing in the world after China, economic think-tank RIS said.
Within hours of the government announcing a new body to replace Planning Commission, the Yojana Bhawan staff began hectic preparations to welcome new Vice-Chairman of Niti Aayog and other members who are likely to be appointed shortly.
Huge gold imports have put pressure on the country's CAD, which in turn is affecting the value of rupee.
'No political party can antagonise Ambedkarite voters, particularly the neo-Buddhists.'
After winding up all the 19 consultative groups set up for Mid-Term Appraisal of the Tenth Plan, the Planning Commission is carrying out consultations with outside experts as well as chief ministers for their inputs on the issue.
Irked over the notice sent to him by the National Commission for Women over his remarks on rape, Samajwadi Party supremo Mulayam Singh Yadav on Monday accused the NCW of insulting him.
Pakistan's election commission has expressed its inability to hold general elections within three months due to legal, constitutional and logistical challenges, according to a media report on Tuesday.
Since 2004, Montek Singh Ahluwalia, one of the commission's longest serving deputy chairmen, has been trying to mould it to fit into the new economic order, without much to show for his efforts.
The Union finance ministry has endorsed the views of Gajendra Haldea, infrastructure advisor to the deputy chairman of the Planning Commission, who had objected to recent changes in bidding norms by the National Highways Authority of India.
They are allegedly the owners of the drugs and had commissioned the trip, police commissioner-general Marthinus Hukom, head of the Indonesian National Narcotic Agency, told reporters at a press conference in Batam.
Jagadish and Anukumar were taken into custody from the district headquarters town of Chitradurga by a team led by Deputy Superintendent of Police (DSP) Dinakar.
The Planning Commission, which was established in 1950, will be called 'Neeti Ayog' in its new avatar, months after Prime Minister Narendra Modi announced that it will replaced by a new body.
Describing the unrest among party members as just the "tip of the iceberg," the report shed light on the underlying discontent within the BJP.
Singh asserted that Deshmukh set a staggering collection target of Rs 100 crore for his officers, specifically from Mumbai, while also discussing plans to target key opposition figures, including former Chief Minister Devendra Fadnavis of the Bharatiya Janata Party.
Political parties and leaders wait with bated breath for the Haryana and Jammu-Kashmir assembly poll results on Tuesday.
Leader of the Opposition in the Lok Sabha Rahul Gandhi asserted that the Congress will protect the Constitution and the reservation system at all costs and foil "conspiracies" of the Bharatiya Janata Party.
Officials said as part of the reorganisation in the Commission, a move is afoot to strengthen the PEO with new roles, powers and jurisdiction.
Delhi Chief Minister Arvind Kejriwal announced on Sunday that he would resign after two days and sought early polls in the national capital while vowing not to sit in the chief minister's chair till people give him a 'certificate of honesty'.
The price rise measured in terms of Wholesale Price Index rose for the second straight month, to 5.79 per cent in July, on account of double digit rise in prices of food articles, mainly vegetables, including onion.
The current account deficit is the difference between inflow and outflow of foreign exchange.
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