Ahluwalia said that emerging markets would need to focus more on FDI and bonds among other measures to make up for the fall in bank credit.
In a setback for Rajya Sabha Deputy Chairman P J Kurien, a court in Kerala has ordered issue of notice to him on a criminal revision petition filed by the Suriyanelli rape victim.
The exit of CPN-UML may not immediately affect the Prachanda-led government, which is supported by the Nepali Congress which has 89 lawmakers in the House.
The Suriyanelli rape victim on Monday approached the Kerala high court seeking appointment of two new special prosecutors to conduct the case in the court.
A day after addressing a massive rally at the Ramlila Ground in New Delhi for demanding 'special status' for his state, Bihar Chief Minister Nitish Kumar met Finance Minister P Chidambaram and Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday.
In an unusual move, members from the ruling Congress on Friday trooped into the well of the Rajya Sabha and forced its adjournment, agitated over not being allowed to raise the issue of certain remarks made by Gujarat Chief Minister Narendra Modi about Dalits. Senior Congress member Praveen Rashtrapal wanted to raise the issue during Zero Hour but was denied permission by Deputy Chairman K Rahman Khan, who said the notice has not been admitted by the chairman.
Pawar also said that instead of making unnecessary statements, Fadnavis, who is also home minister, should focus on ensuring women's security in the state.
In a new twist to Suriyanelli gang rape case, the victim today lodged a police complaint insisting that Rajya Sabha Deputy Chairman P J Kurien be made an accused.
Students of the Rukmini Devi College of Fine Arts, being run by the Kalakshetra on its campus, resorted to the protest at the "tapovan", the prayer space at the entrance of the college on Thursday demanding justice. They alleged harassment by a senior faculty and sought appropriate action against him.
With the Congress leadership under pressure over allegation against Rajya Sabha Deputy Chairman P J Kurien in connection with the Suryanelli gangrape case, a party member of Parliament in the state has kicked up a row by making insulting comments on the rape victim.
Even as the scientists and staff at Mission Operations Complex broke into applause, the core team members thanked all those who had worked on the mission. Quietly and without jingoistic boasting of their stupendous achievement. And that is the most remarkable aspect of ISRO -- they let their work do the talking, notes Minnie Vaid, author of Those Magnificent Women And Their Flying Machines, ISRO's Mission to Mars.
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.
Continuing its pressure on Congress led United Democratic Front government for re-investigation into the alleged involvement of Rajya Sabha Deputy Chairman P J Kurien in the Suryanelli gangrape case, opposition Left Democratic Front on Wednesday walked out of the assembly after government rejected the demand.
In a new turn in the Suryanelli gang rape issue, the lone convict in the case on Monday alleged that Rajya Sabha Deputy Chairman P J Kurien was involved in it as claimed by the victim.
Govt is looking at problem solving than structural reforms to address economic issues.
Prime Minister Narendra Modi on Saturday welcomed a host of world leaders, including United States President Joe Biden and United Kingdom Prime Minister Rishi Sunak, at the Bharat Mandapam, the venue of the G20 Summit.
Kerala government will seek legal opinion on whether a fresh probe is required into allegations against Rajya Sabha Deputy Chairman P J Kurien in the wake of the victim in the Suryanelli gang-rape case persisting with her charge, a senior minister said on Sunday.
With his name being "dragged" into the Suryanelli gangrape case, Rajya Sabha Deputy Chairman P J Kurien has said that he suspected his political foes, including some in the Congress were involved in the 'conspiracy' to malign him.
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.
Ministries seek more discussions, Cabinet defers decision.
Concerned over sluggish growth and poor investment climate, Assocham President Rajkumar Dhoot met Planning Commission Deputy Chairman Montek Singh Ahluwalia on Thursday and demanded the controversial tax proposal GAAR be put in 'cold storage'.
In yet another twist to the nearly two-decade-old Suryanelli sex scandal, the lone convict in the case, Dharmarajan on Wednesday retracted his allegation that Congress leader and Rajya Sabha Deputy Chairman P J Kurien was involved in the case.
The meetings with Singh and Ahluwalia have taken place just two days before the announcement of the results of the general elections for the 15th Lok Sabha. Besides Karnik, the other nominees on the Satyam board are HDFC chairman Deepak Parekh, former ICAI chairman T M Manoharan, CII chief mentor Tarun Das, LIC executive S B Mainak and former presiding officer of Securities and Appellate Tribunal C Achuthan.
It's imperative for the govt to reassure investors: Montek Ahluwalia
Monsoon has missed its date this year with granary states of Punjab and Haryana.
Monsoon has missed its date this year with granary states of Punjab and Haryana.
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.
Says insurance and pension bills will be taken up in the forthcoming Budget Session.
High-value insurance policies experienced muted growth in the first six months of the current financial year after the Centre decided to tax such products in this year's Budget. Simultaneously, there has been a marked improvement in the growth of policies with premiums of 'less than Rs 5 lakh', mainly originating from smaller cities. During this year's Budget, Finance Minister Nirmala Sitharaman proposed that insurance policies (excluding unit linked insurance plans or ULIPs) with an aggregate premium exceeding Rs 5 lakh, and the maturity amount, would not be exempt from tax.
Last Monday, PwC India announced the appointment of Gautam Banerjee as chairman and Peter Harvey as deputy chairman, by-passing elections. Banerjee, who comes with a big reputation from PwC Singapore, replaces Ramesh Rajan, whose term ended abruptly with 18 months yet to go.
The luncheon at his residence was attended by Planning Commission Deputy Chairman Montek Ahluwalia, Chairman of PM's Economic Advisory Council C Rangarajan, former RBI Governor Bimal Jalan, Foreign Secretary Shiv Shanker Menon and officials of the Prime Minister's Office.
If Cyrus's protestations of having no knowledge of his imminent dismissal are to be taken at face value, he was extraordinarily naive and insulated from the ground reality. There were enough straws in the wind to suggest that his relations with Ratan were fast deteriorating to a point of no return.
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.
Ahluwalia's comment comes at a time when the government is facing flak over its decision to open up the multi-brand retail sector to foreign investment.
He feels much of the problems arise at the level of state governments rather at the central government level.
The party bagged 11 of the 25 seats, from 20 Local Authorities' constituencies in the state, for which the biennial election was held on December 10, and counting was taken up today, poll officials said.
Rajya Sabha was adjourned sine die on Wednesday evening, two days ahead of the scheduled end of the Monsoon session, after the passage of four bills including on the OBC list and state-run insurance companies.
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.
The new board will have to provide the NCLT a road map for turning around the company by October 31, which, Kotak said, is challenging, given that the company's issues represent a "moving target"
Amid threats that India's credit rating could be downgraded and a slowdown in the economy, Planning Commission deputy chairman Montek Singh Ahluwalia said the government is taking several steps to boost investor confidence and more such measures may follow.
