Planning Commission on Friday said exports should grow by 14 per cent if an over 8.0 per cent GDP growth rate is to be achieved
The Planning Commission has favoured the early introduction of nationwide value-added tax regime to augment revenues of the states and further restructuring of their costly debt to reduce their interest burden.
Restructure oil PSUs on a selective basis: Pant
The US said on Friday that it was keen on forging closer trade ties with India and more investment flow between the two countries.
Enthused by the estimated 8.1 per cent growth in 2003-04, Planning Commission on Friday said the targeted 8 per cent annual growth during the Tenth Plan period was now within the realms of possibility.
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.
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.
Planning Commission Deputy Chairman K C Pant on Thursday prescribed restructuring and divestment of oil PSUs on a "selective basis" to achieve the 8 per cent economic growth target set for the 10th Five Year Plan period.
The Planning Commission on Friday said the economy is expected to grow between 6-6.5% in the current fiscal
In the October-December quarter, India's economy grew below expectations at 4.7 per cent on falling output in the manufacturing sector.
Hours before Bharatiya Janata Party's Parliamentary Board meeting in New Delhi, senior party leader Murli Manohar Joshi had called Gujarat Chief Minister Narendra Modi as "chokh maal" (best product).
In politics, if your objective is only winning elections, just Chanakya neeti might do. For governance you need both, Chanakya neeti and Ram Rajya. You can neither beat up the farmers into submission, nor dismiss them as 'Khalistanis', asserts Shekhar Gupta.
The country's economic growth hit a decade low of 5 per cent in the last fiscal on account of poor performance in the farm, manufacturing and mining sectors.
In its mid-quarter review of monetary policy, RBI on Wednesday kept all key interest rates unchanged notwithstanding persistent high inflationary pressure.
There is a need for tax reforms in the country in a bolder way, Singh 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.
Diversified business house Trident Group would become the first corporate to use Aadhaar Payment Bridge (APB) for disbursal of salaries to its employees.
Costlier food items, including vegetables, pushed the October wholesale inflation to 7 per cent, the highest in the current financial year.
Ahluwalia said the government has taken steps to push the infrastructure sector and there are signs of improvement in the core sector production performance of steel, power, coal and cement during July and August.
On Monday, Reserve Bank hiked the lending rates to banks by 2 per cent to 10.25 per cent.
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.
Reserve Bank, in its mid term review of the monetary policy on Friday, decided to hike short term policy rate by 0.25 per cent after a gap of two years and ease liquidity by reducing the marginal standing facility rate for banks.
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.
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The cap on FDI in retail has been totally removed, while the limit in insurance sector has been enhanced to 46 per cent.
Prime Minister Manmohan Singh on Monday constituted a Cabinet committee to oversee reconstruction and rehabilitation in flood-ravaged Uttarakhand.
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The growth has not been very robust in the first two financial years of the 12th Plan.
The government hopes of registering GDP growth rate ranging between 6.1-6.7 per cent in 2013-14.
India's gross domestic product grew at a decade low of 5 per cent last fiscal.
Going by its past experience of differences between the central bank and the finance ministry, the government might prefer a person who could bridge this gap.
He also indicated that the current position of the rupee is competitive against world currencies.
The current account deficit is the difference between inflow and outflow of foreign exchange.
India and Japan on Friday decided to more than treble their currency swap arrangement from $15 billion to 50 billion in a move seen as sending an important signal for the rupee.
As the country faces the possibility of a fractured mandate after the 2014 general elections, Planning Commission Deputy Chairman Montek Singh Ahluwalia is of the view that in an era of coalition governments, special steps are needed to build consensus around policies or else, India will not be able to grow at its full potential.
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