Plans to increase price progressively.
Planning Commission on Thursday said the target of eight per cent GDP growth in the 10th Five-year Plan is "fully achievable".
Chief Minister Vasundhara Raje claimed the deputy chairperson of planning commission Montek Singh Ahluwalia was very pleased with the performance of the state.
"We have recommended that at least 20 per cent of coal should be sold through e-auction," said Kirit Parikh, member (energy), Planning Commission. CIL currently puts for sale about 10 per cent of its annual production through online bidding. The National Coal Distribution Policy has already recommended increasing this quantum in a bid to ensure better price discovery of the fuel.
A report by a senior official in the Planning Commission has said the National Highways Authority of India (NHAI) is heading towards bankruptcy, as its debt is set to increase five times in the next three years.
Mansukh Mandaviya pitches for kho kho's inclusion in Asian Games, 2036 Olympics
Replying to a question related to the possibility of additional fiscal stimulus measures in the forthcoming Budget, Planning Commission Deputy Chairman Montek Singh Ahluwalia said: "We have started some discussion with the finance ministry. This is related to what should be an appropriate size for planned expenditure for 2009-10." In the interim Budget announced in February this year, the planned expenditure for 2009-10 was budgeted at Rs 2,85,149 crore.
With the economy witnessing a slowdown, the Planning Commission has recommended to the finance ministry that states be given more freedom to borrow from the market, even if the fiscal deficit touches 4 per cent of state GDP.
If as critics point out, the environmental impact assessment study was commissioned only after the auction process got underway with not all the stakeholders getting to know of it, then the government has already compromised the trust it could have enjoyed with Kerala's public including its coastal communities, points out Shyam G Menon.
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.
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.
'Diplomatic and economic responses are first announced and then implemented. A military response is announced only after it is done.'
The ministry was supposed to send the policy for Cabinet clearance by February end.
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.
Fraudsters read your mind, weave convincing stories, earn your trust and then vanish with people's savings. Ramalingam Kalirajan reveals five simple tricks that cons use to steal money from you.
'Defence does not new 'planning commissions'; it needs an implementation commission.'
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 Election Commission will announce the schedule for assembly elections on Friday afternoon.
The Planning Commission will bring out a policy paper on the regulatory framework for the infrastructure sector by end of 2004.
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.
'In a world which is full of categories, hatred and ideologies, there was this basic decency.'
Chief Election Commissioner Rajiv Kumar during the first day of review of poll preparedness of the state asked the district election officers and municipal commissioners to explain the steps taken by them to deal with 'urban apathy'.
Amid tight security, members of a judicial commission on Sunday visited the Shahi Jama Masjid in Sambhal and other areas which witnessed violence over a court-ordered survey of the Mughal-era mosque.
Tamil Nadu Chief Minister M K Stalin on Tuesday warned of "another language war" amid the ongoing Hindi imposition row, stating that the state is "ready" for it. He also expressed concerns about the potential loss of Lok Sabha seats due to the proposed delimitation process, which he believes will disadvantage states that have successfully implemented population control measures. Stalin has called for an all-party meeting on March 5 to discuss the issue, urging unity across political lines to address the perceived threat to Tamil Nadu's representation in Parliament.
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.
The new body may be headed by the Prime Minister as the chairman position would be ex-officio.
The commission had rejected the theory that it was a spontaneous act by karsevaks whereas the CBI court has ruled that there was no evidence that demolition was a conspiracy.
Using the debt-to-GDP ratio as a fiscal anchor aligns with efforts to promote fiscal transparency through proper disclosure of off-budget borrowings.
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.
A British MP has tabled a parliamentary motion in the House of Commons to commemorate the 35th anniversary of the "genocide of Kashmiri Pandit Hindus from Jammu and Kashmir in India." The motion, which calls for recognition and justice for the events of January 1990, has been met with support from other MPs. The motion condemns the attacks on the Hindu population of Kashmir Valley and calls for the Indian government to enact a bill to punish the perpetrators.
JSW Steel, owned by Sajjan Jindal, has emerged as the world's most valuable steelmaker, boasting a market capitalisation (mcap) of nearly $30.31 billion, according to Bloomberg data.
"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.
