The government on Tuesday appointed three external members -- Ram Singh, Saugata Bhattacharya and Nagesh Kumar -- to the RBI's rate-setting Monetary Policy Committee for four years. The central government has reconstituted the Monetary Policy Committee (MPC) of RBI, the finance ministry said in a statement. Ram Singh is the director of the Delhi School of Economics, Saugata Bhattacharya is an economist, and Nagesh Kumar is the director and Chief Executive, Institute for Studies in Industrial Development, New Delhi.
The three leading think-tanks-- NCAER, NIFM and NIPFP-- conducting a joint study on the quantum of blackmoney, are likely to submit the report to government by December 2012, Parliament was informed on Thursday.
The petroleum minister's three-pronged approach does little to address the real issues of fuel diversion and adulteration, say experts.
The business confidence index for Indian companies has bounced back to 156.8 points in the April-June quarter of 2010 after falling to a low of 81.6 during the same period last year.
Finance Minister Pranab Mukherjee might have to fall back on divestment and other non-tax revenue sources while presenting the Budget for 2009-10 on July 6, economists believe.
India Inc's India's Business Confidence Index has gone up by 5.4%.
Leading think-tank National Council for Applied Economic Research has underlined the need for encouraging manufacturing sector to generate more jobs especially for the unskilled workforce.
The truckers' strike, which entered the second day, can push inflation by 50 basis points on account of shortage of perishable goods and panic buying by traders, said economic think tank National Council for Applied Economic Research (NCAER).
Continuing its upward march that began in 2001-02, the Business Confidence Index for October-December 2005 touched 151.4 points from 146 in July-September 2005, NCAER said in its report. \n\n
He speaking in New Delhi on the occasion of release of a copy of India's Rurural Infrastructure Report prepared by National Council for Applied Economic Research (NCAER).
India's economic reforms are the subject of a three-day conference at the Stanford University in USA from June six, with several Indian experts being among the participants.
The Indian consumer goods industry holds huge potential for growth as affordability is increasing and size of the low income segment is shrinking, according to R K Shukla of National Council for Applied Economic Research.
Economy is expected to grow by 7.2 per cent in 2005-06, a notch higher than Reserve Bank of India's estimate of 7.0 per cent
Overall prospects for economic growth are constrained by lack of new investments despite major gains in industrial growth in the first half of the fiscal, according to National Council for Applied Economic Research.
The divestment proceeds could surpass the budget target this year due to the upcoming initial public offerings of ONGC and GAIL, though the current bull phase in stock markets did not fuel the primary markets in 2003, NCAER said on Wednesday.
Economic think-tank NCAER on Wednesday warned that lower agriculture growth would pull down average annual GDP growth to 6.7 per cent during 2002-07, as against the targeted 8.1 per cent
Economic think-tank National Council for Applied Economic Research on Tuesday revised upwards the GDP growth forecast to 7.98 per cent in 2003-04 from its earlier projection of 7 per cent.
The government on Monday appointed three eminent economists Ashima Goyal, Jayanth R Varma and Shankanka Bhide as members of the rate-setting Monetary Policy Committee of the RBI
Close on the heels of a UN body projecting a slowdown for India, National Council for Applied Economic Research said on Monday that the economy was expected to grow by only 6.7 per cent this fiscal due to an all round deceleration in agriculture
The reform priorities are clear: enhance savings, improve productivity. Just 25 basis points of moving interest rate up or down would not boost investment: Former RBI Governor Y V Reddy.
The report by the High Level Advisory Group said India stands to benefit even more when the US and China are locked in a global trade war.
Several speakers noted that Budget carried the weight of expectations.
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