PMEAC chairman defends rate hike

Defending the Reserve Bank's decision to hike key rates by 25 basis points, the Prime Minister's Economic Advisory Council on Friday said the central bank had no other option, as inflation remains......

India's GDP to grow by 7.2%: PMEAC

The Prime Minister's Economic Advisory Council (PMEAC) expects the economy to grow by over 7.2 per cent during the current fiscal and exceed 8 per cent in 2010-11, thanks to increased economic......

India Inc says PMEAC forecast realistic, demands growth push

Concurring with PMEAC's downward revision of growth forecast to 5.3 per cent, India Inc on Friday said policymakers must take steps to expedite project clearances, establish coal linkages and cut......

PMEAC for hike in petroleum prices

The Prime Minister's Economic Advisory Council on Wednesday favoured further increase in petroleum prices in line with the global trend. Speaking at National Institute of Public Finance and Policy,......