The Planning Commission's term runs concurrently with that of the government. The commission, whose inputs are vital on important policy related matters, is likely to have new faces when the new team is announced, said a top government functionary who had earlier worked in the apex planning body.
In a recent letter to the power ministry, the Planning Commission recommended allocation of Rs 10,630 crore (Rs 106.3 billion) gross budgetary support for the ministry.
New body to replace Plan panel might retain 40% of existing staff
Montek Singh Ahluwalia is likely to remain deputy chairman of the planning commission, which will be constituted shortly.
The commission in its recent assessment of the economy also expects economic growth to go up to nine per cent in 2011-12, and further to 10 per cent in 2014-15.
The ministry of finance has assured the Planning Commission of at least 15 percent increase in gross budgetary support for 2010-11, over the 2009-10 budget estimates.
Singh, a former Army officer, had been ill after a fall at his home in August 2014 and was admitted to the Army Research and Referral Hospital. He had been in and out of the hospital and was admitted again in June this year.
Ambassador Venu Rajamony, who served as press secretary to President Pranab Mukherjee during his tenure, salutes the statesman and political legend, who passed into the ages on Monday.
In his book, Backstage: The Story Behind India's High Growth Years, Montek Singh Ahluwalia accepted the Act "increased the cost of land to financially unsustainable levels ... and made it easier for anyone who wants to stop a project to use the various consultative processes required under the law to delay matters".
All members of the Planning Commission have submitted their resignations to the Prime Minister's Office paying the way for reconstitution of the institution.
"We have received various representations over the new eligibility criteria which enables foreign bidders to score higher than Indian bidders. This, in the long run, may lead to a major chunk of infrastructure projects being bagged by foreign companies. To ensure a level playing field, we are considering whether an additional weight of 30 to 33 per cent should be given for projects developed or constructed in India," a senior government source said.
This is a 22 per cent hike compared to the funding the state received last year.
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Between FY05 and FY12, rural poverty declined at 2.3 per cent per annum and urban at 1.69 per cent.
The meetings with the investors at New York, according to sources, are being organised by the US-India Business Council. The USIBC is the premier business advocacy organization representing America's top companies investing in India, joined by global Indian companies, promoting economic reforms with an aim to deepen trade and strengthen commercial ties.
In the midst of the high-octane legal battle between the two Ambani brothers over gas supply from KG-D6 fields, the Planning Commission said on Thursday that it is not concerned about the outcome of the dispute, but only wanted to promote the use of the fuel for the power and fertilizer sectors.
Here's a map that visualises the official numbers for percentage of households availing banking facilities as published by the Planning Commission of India in June 2014.
With economic conditions turning better compared to that three months ago, the Planning Commission on Monday said economy should record at least 6.7 per cent growth rate this fiscal, the same as was witnessed in 2008-09.
Economists divided, with no clear answer to what could take over its multiple functions more effectively.
Rajan Committee has evoked divergent reactions from the states.
'After the creation of Telangana, Andhra Pradesh has been left as an agrarian state.' 'Therefore, the special category status to this residual state was imminent and necessary for its development,' YSR Congress MP V Vijayasai Reddy explained in the Rajya Sabha.
To deny visa to trade officials planning to scrutinise country's trade and industrial practices.
Parents, relatives and friends of Hyderabad-born Satya Nadella are elated after the news of his elevation as Microsoft's CEO broke on Tuesday evening, even as neighbours gathered at Nadella's posh Banjara Hills residence in Hyderabad to congratulate his parents.
Can India meet the target for infrastructure spending without foreign capital?
Union Minister for Shipping, Road Transport and Highways TR Baalu has said the new toll policy has been finalised by the government, while the toll rules are under formulation.
The government of Gujarat has been projecting its industrial growth as a model for other states but it does not appear so industry-friendly in the number of labour laws one needs to comply with, shows a survey.
'Who are these people on the streets?' 'They are youth and students who were hoodwinked, bluffed by Modi for the last seven years, with a promise of 2 crore jobs every year.' 'And Mamata sings the same tune.' 'But the youth can see that as long as there is Mamata or Modi, there is no hope.'
The ministry was supposed to send the policy for Cabinet clearance by February end.
The IEO, which has been entrusted to assess public programmes, has found that 57 per cent of the subsidised foodgrains distributed in Delhi, do not reach the target group with close to 36 per cent siphoned off the supply chain.
The government will push for the passage of a long-pending bill to provide statutory status to the Unique Identification Authority of India in the winter session of Parliament.
In a bid to transform Mumbai into a world-class financial hub, the Centre has asked the Maharashtra government to upgrade its ports, railway and other infrastructure at the earliest.
During Vajpayee's tenure, he was there as an indispensable insider, witness to every action that had an impact on history: Pokhran-II (nuclear tests in 1998), the 1999 Kargil conflict between India and Pakistan, the Indo-Pak Agra Summit in 2001, intense engagement with the United States on nuclear issues besides the Kandahar hijack.
The Planning Commission no longer sets targets; it provides a broad picture of the economy, its likely direction and pace, all of which help private entrepreneurs in their decisions.
One third of the world's poor live in India.
Planning has not lost relevance in India, but the Planning Commission has to reinvent itself.
Even the United Progressive Alliance constituent Nationalist Congress Party on Wednesday rubbished the Planning Panel's claim that the number of poor people had declined to 21.9 per cent.
The Planning Commission on Tuesday made a case for increasing prices of petrol and diesel arguing that it was not a good idea to check inflation by keeping prices of petroleum products low.
The government will also set up an IIM at Shillong.
India may be trying to become a crude oil refining hub but the country's apex planning body has raised doubts on the feasibility of adding more refining capacity.
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