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Prime Minister Narendra Modi has asked NITI Aayog to frame policies to propel India into the next century.
Concerned over rising food prices, planning commission deputy chairman Montek Singh Ahluwalia on Monday pitched for increasing supplies through imports and better use of the public distribution system.
It has been found during the 11th plan period that whenever economic growth accelerates beyond 8 per cent, inflationary pressures seem to develop owing to a variety of supply-side constraints.
Pakistan government should consider granting India the 'Most Favoured Nation' status to exploit the huge trade potential as free trade relations with it will enable the country to achieve higher and more equitable GDP growth, an official panel has recommended.
Broad convergence on GST rollout in NDC meet.
If Kamal Nath launches a broadside, it is because his ministry now can no longer afford to ignore the advice that comes from Yojana Bhavan.
Besides undertaking the routine work, Ahluwalia entrusted the task of revamping the Commission to new member Arun Maira, formerly with the Boston Consultancy Group. "We cannot work is silos. We need better lateral inputs," Ahluwalia had said at a recent internal meeting of the commission.
Delhi may become the first state to move to direct cash pay-outs of subsidies on kerosene sold through the public distribution system (PDS). The petroleum ministry said it has "welcomed" a proposal to this effect from the Planning Commission, which acted on a plan suggested by Delhi Chief Minister Sheila Dikshit.
Prime Minister Manmohan Singh on Tuesday said investment in infrastructure should be doubled to about Rs 41 lakh crore during the 12th Five Year Plan ending 2017 from the prevailing level, and directed concerned authorities to work out the details.
The committee headed by Planning Commission Member B K Chaturvedi would be submitting its report to the Prime Minister by Thursday. Sources said the committee proposes to introduce an exit clause for the lead partner in a special purpose vehicle for any project besides relaxing the termination norms.
A few weeks ago, contrary to speculations among the Chinese, Zhao Baige, deputy director of the National Population and Family Planning Commission of China, announced that the country would be continuing with its one-child policy for another five-year term starting 2011.
Most manufacturers, including Tata Motors, Mahindra & Mahindra, Ashok Leyland, Bajaj Auto, TVS Motors and Hero Honda are already working on advanced indigenous technologies to build greener vehicles.
Planning Commission on Friday said it will revisit annual average GDP growth target of 8 per cent for the 12th Plan (2012-17) in view of dismal performance in first two years of policy period, while saying the economy is likely to expand by over 5 per cent this fiscal.
Indian industry began this financial year on a strong foot, with robust growth of 17.6 per cent in April. This has surpassed analyst expectations and fuelled concerns of a rate hike by the Reserve Bank of India (RBI).
The MTA will now be placed before the National Development Council, highest policy making body in the country headed by Prime Minister Manmohan Singh.
The recently established Unique Identification Authority of India has got its official address and is likely to move in soon from its temporary office in the Planning Commission.
Against the all-state average of Rs 3,049 per capita development expenditure, Bihar registered Rs 1,446 during 2005-06. Similarly agaisnt all-state average of Rs 3,826 and Rs 4,208, Bihar recorded per capita development expenditure of Rs 2,123 and Rs 2,184 during 2006-07 and 2007-08 respectively.
The guidelines also point out that it is not advisable to form 50-50 JVs, since such a company is regarded as a private company and functions as such, even though the PSU is an equal shareholder. In many cases these entities are not accountable to Parliament or the state assembly.
Even as Prime Minister Dr Manmohan Singh is eyeing a decline in inflation to 5-6 per cent by the year end, Planning Commission member Dr Narendra Jadhav said only a good monsoon and augmentation of agriculture production could help achieve the target.
Planning Commission member Arun Maira said on Thursday a panel chaired by him had not recommended a blanket ban on the import of power and other capital equipment from China and other countries.
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.
The Rs 67,700-crore (Rs 677 billion) revenue boost from the auction of 3G spectrum licences will help the government reduce its borrowings in the current fiscal, Planning Commission deputy chairman Montek Singh Ahluwalia said.
In order to help the industry combat the impact of global financial crisis, the government had provided three stimulus packages to the industry resulting in a revenue sacrifice of Rs 1.86 lakh crore (Rs 1.86 trillion).
The Planning Commission on Monday set targets to augment the country's infrastructure this fiscal, including adding 20,359 MW of power generation capacity and 2,500 km of highways, its Deputy Chairman Montek Singh Ahluwalia said.
The Trinamool Congress and the Communist Party of India (M) on Thursday opposed the proposed increase in the prices of LPG and other petroleum products recommended by an expert panel headed by former Planning Commission member Kirti Parikh, saying a new burden of raised prices would hit the common people hard.
Chandrajit Banerjee, director general, CII said: "This move will bestow the benefits of information technology to the common man and will also help establish citizenship, thus enhancing security at various levels. This would further bring transparency in different delivery channels, help in mapping diverse requirements of the nation and, in turn, assure better planning and strategisation for the country."
A good wheat crop this season is likely to ease the near double digit inflation in the next 2-3 months, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Wednesday.
The Planning Commission deputy chairman Montek Singh Ahluwalia said on Wednesday objections to the disinvestment progammes of the government can be sorted out through discussions. Although the government has expressed its commitment to offload equity in state-owned companies while retaining 51 per cent share, the supporting Dravida Munnetra Kazhagam had raised objections to it.
Some people, who talk about the high expenses of nuclear programme, do not know the importance of nuclear capability, Dr Samar Mubarakmand, Member Science and Technology, Planning Commission of Pakistan, said.
'This updated NPR database along with Aadhaar Number would become the mother database and can be used by various government departments...' the home ministry declared in July 2015. 'UID/Aadhaar has been used as a fish bait to ensnare and entrap present and future generations of citizens,' warns Gopal Krishna.
'When you forgive a farmer's loans there is this ideological economists lobby which says: 'That's socialism. And that's bad'.' 'But to forgive the loans of big people, so that they will be interested to invest further is capitalism and is good.'
In the mid-1980s, India and the US struggled to arrive at sufficient confidence for Washington to even sell a supercomputer to India for monsoon prospecting. Now, the most sensitive military technologies, data, and intelligence resources are being shared. This would not have happened without that one, big deal that changed the fundamentals of India-US relations, notes Shekhar Gupta.
PlanCom makes presentation with secretaries of key ministries in tow.
The private sector will be expected to contribute up to $500 billion for development of the infrastructure sector during the 12th Plan, an amount which will be nearly half of the total investment projected for the Five-Year period, the Planning Commission has said.
While the private sector has been involved in a small way in upgrading government-owned Industrial Training Institutes and certain health initiatives, the PPP projects have not really taken off in a big way in these areas, PM said.
An Economic survey released by the state government said the poverty estimates provided by the Planning Commission reveal poverty ratio in the state is 30.7 per cent, 3.2 per cent more than the all-India (27.5 per cent) figure.
Prime Minister Manmohan Singh on Tuesday cautioned that return to high economic growth should not be taken for granted, as the global environment is likely to remain difficult in the year ahead.
The move, if accepted, will help resolve nearly one-third of the 1,200 cases on payments pending in various courts in the country.
Pakistan's first satellite will be launched into space by April 2011, a top nuclear scientist of the country said on Tuesday. Leading nuclear scientist Samar Mobarakmand who is also a member of the Planning Commission, made the announcement.
No comments could be obtained from the spokespersons of either Reliance Industries Limited or Anil Dhirubhai Ambani Group.
