The government plans to resurrect the ministry of disinvestment in a bid to raise resources by selling its shareholding in public sector companies.
Officials said as part of the reorganisation in the Commission, a move is afoot to strengthen the PEO with new roles, powers and jurisdiction.
India's per capita green house gas (GHG) emission in 2030 will be well below those in the developed countries in 2005, according to a report.
The Planning Commission on Tuesday called for linking petrol and diesel prices with international markets and made a case for raising gas prices by public sector companies.
Indian Industry leaders are elated that the Congress government has returned to power. Here is a wishlist of Cabinet ministers.
The Planning Commission on said food prices will come down in the next two months easing the overall inflation, which is currently at over 8.5 per cent.
Pro-growth economist Arvind Panagariya has been appointed as first vice-chairman of the newly announced NITI Aayog, which has replaced the Planning Commission.
The prime minister's economic advisory council was disbanded early on, and not reconstituted.
The Planning Commission, which was established in 1950, will be called 'Neeti Ayog' in its new avatar, months after Prime Minister Narendra Modi announced that it will replaced by a new body.
Even as the flagship National Rural Employment Guarantee Act scheme continues to face problems at the implementation level, Rural Development Minister Raghuvansh Prasad Singh, ignoring suggestions by Planning Commission Deputy Chairperson Montek Singh Ahluwalia and other economists, has refused to bring any major change in the scheme.
Under a third of the target for power generating capacity in 2008-09 was met. What's worse is that just better management could have fixed things, says Mahesh Vyas.
Given the anticipated overall GDP growth of over 8 per cent, the poor acceleration in the farm sector that still supports nearly 65 per cent of the population is an indictment of the strategy of 'inclusive growth'.
The Planning Commission on Wednesday said that the proposed Goods and Services Tax (GST) is likely to miss the deadline of April 1, but it could be introduced in the next fiscal only.
The Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce has called a meeting on July 10 to discuss the foreign direct investment (FDI) policy in the cigarette industry.
The government may for the first time in about five years raise price of natural gas produced by state-owned firms like Oil and Natural Gas Corporation after the finance ministry and the Planning Commission backed the proposal for a 30 per cent hike.
Brazil, Russia, India & China (known collectively as BRIC) on Sunday sought a re-balancing of representation on the executive board and the International Monetary and Financial Committee of the International Monetary Fund (IMF). The committee is the policy-making arm of the IMF.
There is no doubt that economic growth has picked up. It's also true that inflation has edged up. We had said at the beginning that sometime in the course of the year we would begin to slowly wind it down and what has happened is on course for that decision but exactly what, it's too early to say, says Montek Singh Ahluwalia.
The global financial meltdown has pulled down India's economic growth to 6.7 per cent during 2008-09 from about 9 per cent a year ago. During the current fiscal, as per the Planning Commission estimates, growth rate may fall to 6.3 per cent.
The commission had earlier projected a 2.5 per cent fall in the farm output due to weak monsoon but expects the drop to be less than that.
Even if you raise the poverty line as much as the Expert Group does, it turns out just 11 per cent of Indians are poor, not 37 per cent -- that's a huge poverty of estimation.
"They (prices of petroleum products) should be linked to world prices," Planning Commission Deputy Chairman Montek Singh Ahluwalia told PTI when asked about the global crude prices now surging to about $70 a barrel.
The new body may be headed by the Prime Minister as the chairman position would be ex-officio.
The idea of modernising railway stations under a PPP arrangement was aired several years ago by the then railway minister, Lalu Prasad, who visualised attracting Rs 15,000 crore (Rs 150 billion) investment in 22 stations.
In an interview with Business Standard's Sapna Dogra Singh and John Samuel Raja D, C Rangarajan says there are some encouraging signs in the economy, but the real recovery will come only in 2010-11.
The Planning Commission on Monday said the fiscal deficit, the difference between total revenue and expenditure, will not exceed the budgetary estimate of 6.8 per cent of gross domestic product (GDP).
The Indian economy rose by 7.9 per cent in the second quarter of this fiscal, belying analysts expectations of 6-6.6 per cent growth for the period.
It's high time the President intervened and saved the country, said Mamata.
Prime Minister Manmohan Singh on Wednesday asked the Planning Commission to prepare by Monday, a report on achievements of the government in different sectors that would later be made public.
"The rest of the world should pass a motion of thanks to India for keeping its emission at a level which actually is below the level required to achieve climate sustainability," says Montek Singh Ahluwalia, a key member of Prime Minister Manmohan Singh's economic team.
Demanding a probe by central regulatory agency into the financial irregularities committed by software company Satyam Computer Services, the Bharatiya Janata Party (BJP) on Friday alleged that a scam of such proportions was not possible without the support of SEBI, MCA, Planning Commission and the Andhra Pradesh government.
Jadhav has a certain way with the crowds with his earthy Marathi speeches he got unprecedented crowds whenever he held public meetings as the VC and his innovative schemes at Pune University which took academia to the villages have made him a popular figure in Pune.
Nilekani, who has been appointed by Prime Minister Manmohan Singh to head the National Authority for Unique Identity, has been in the news for providing a unique identification number to all Indians.
The Planning Commission has mooted an idea to expand funding from the Reserve Bank of India to the India Infrastructure Finance Company Ltd, so that infrastructure projects can access finance at lower cost from the government-owned IIFCL.
"It is a huge scam. . . . The CPI-M has been opposing this. The Parliamentary Standing Committee, of which I am the chairman, has also all along opposed it," Politburo member Sitaram Yechury said. He said the public-private participation route, pursued by the Planning Commission, was 'disastrous as finally the burden falls on the people'.
With the economy witnessing a slowdown, the Planning Commission has recommended to the finance ministry that states be given more freedom to borrow from the market, even if the fiscal deficit touches 4 per cent of state GDP.
Nandan Nilekani will have the responsibility to lay down plans and policies to implement the Unique Identity card scheme and shall own and operate the UID database. The authority was notified on January 28 this year as an attached office under the aegis of the Planning Commission with an initial core team of 115 officials and staff. The scheme will be implemented in three years.
In view of declining inflation and recessionary conditions, the Planning Commission expects industry to cut prices in the normal course to battle economic slowdown.
The DoP has moved a Cabinet note for the government to provide Rs 500 crore (Rs 5 billion) as initial capital to India Post towards starting a bank.
"We have recommended that at least 20 per cent of coal should be sold through e-auction," said Kirit Parikh, member (energy), Planning Commission. CIL currently puts for sale about 10 per cent of its annual production through online bidding. The National Coal Distribution Policy has already recommended increasing this quantum in a bid to ensure better price discovery of the fuel.
The Planning Commission sees stronger economic expansion in the second half which could push up the growth rate for the current fiscal to beyond 6.3 per cent projected earlier by the panel.
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