New Delhi: Attributing the steep hike in petrol prices to declining value of rupee, Planning Commission on Wednesday said it will have immediate impact on the price situation but things will stabilise in the long run. "It will have immediate impact on prices, but will not have knock-on impact on prices. This in one time price adjustment. It will not have cascading effect", Planning Commission Member Abhijit Sen said. In...
07:50 PM, May 23, 2012
New York: Dismissing the perception of policy paralysis surrounding the union government, Planning Commission Deputy Chairman Montek Singh Ahluwalia feels the government should raise petroleum prices as part of tough decisions and to attract international investment. He feels people must be educated on the importance of raising fuel prices so that petroleum sector does not go bankrupt. "I would certainly hope so. Certainly all the advice that we would be...
12:37 AM, May 21, 2012
New York: Falling rupee and high inflation would make it difficult for India to achieve 7.5 per cent economic growth during the current financial year, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said. "The Finance Ministry has said they are hoping for a 7.5 per cent growth this year. That is going to be tough but not impossible," Ahluwalia said. He said while the last quarter did not show...
12:10 PM, May 20, 2012
New York: India can grow at between 8 or 9 per cent for the next 20 years with a supportive global environment, its Planning Commission's Deputy Chairman Montek Singh Ahluwalia has said. "In the five years prior to the crisis, the Indian economy grew at an average rate of 9 percent. Following the crisis, it slowed down to an average of just over percent," Ahluwalia said Thursday during a UN...
03:06 AM, May 19, 2012
New York: India can grow at between 8 or 9 per cent for the next 20 years with a supportive global environment, its Planning Commission's Deputy Chairman Montek Singh Ahluwalia has said. "In the five years prior to the crisis, the Indian economy grew at an average rate of 9 per cent. Following the crisis, it slowed down to an average of just over percent," Ahluwalia said on Thursday during...
03:28 PM, May 18, 2012
Rome: India's economic growth and political stability are at stake in coming years if it does not change its approach to water management, a member of its natural resources planning commission told Reuters on Monday. Mihir Shah, who has been asked by India's government to come up with a new water resource strategy, said the sector needed to become more sustainable, efficient and focused on how water is used and...
04:27 AM, May 01, 2012
London: India is studying the potential of shale gas and is watching safety and technology developments in other countries closely, the deputy chairman of its planning commission said on Thursday. "We are exploring the potential of shale gas for India and we are watching (safety) concerns very carefully," Montek Singh Ahluwalia told reporters at a news conference following a two-day clean energy ministerial meeting in London. "We have no current...
01:25 AM, Apr 27, 2012
Jorhat: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Saturday said tea would be declared as national drink by April next year. "The drink would be accorded national drink status by April 17 next year to coincide with the 212th birth anniversary of first Assamese tea planter and Sepoy Mutiny leader Maniram Dewan," Ahluwalia said while addressing the Platinum Jubilee celebrations of the Assam Tea Planters Association. It was Maniram...
12:44 AM, Apr 22, 2012
Baharampur: Union Finance Minister Pranab Mukherjee on Saturday expressed hope that the enhanced fund allocation by the Planning Commission for West Bengal for 2012-13 will help the state government in its effort to develop several sectors. "The increased fund will help the state government in taking steps for developing several sectors including health, education and infrastructure," Mukherjee said. The 16 per cent rise in plan allocation for the current fiscal...
11:08 PM, Apr 14, 2012
New Delhi: The Planning Commission on Tuesday approved a 16 per cent hike in Plan outlay for West Bengal for the current fiscal at Rs 25,910 crore compared to the previous year's allocation, a decision welcomed by state Chief Minister Mamata Banerjee. The Plan size was finalised in New Delhi at a meeting between Commission's Deputy Chairman Montek Singh Ahluwalia and West Bengal Chief Minister Mamata Banerjee. "I am happy...
08:21 PM, Apr 10, 2012
Kolkata: West Bengal Chief Minister Mamata Banerjee will meet Planning Commission deputy chairman Montek Singh Ahluwalia in Delhi on Tuesday to demand a higher plan outlay for the current financial year of the state, hamstrung by a "serious" fund shortage. Banerjee on Monday said the state was facing a "serious funds crunch", a legacy of the 35-year rule of the Left Front government which left a debt burden of over...
04:23 AM, Apr 10, 2012
Hyderabad: Terming the comments on the below poverty line (BPL) issue as "unprincipled publicity campaign", Deputy Chairman of Planning Commission Montek Singh Ahluwalia on Saturday said the rate of poverty decline doubled during the rule of the UPA Government as compared to the pre-UPA regime. "In the pre-UPA period the decline in poverty was taking place at 0.74 per cent per year. After 2004 it is taking place at 1.5...
06:58 PM, Apr 07, 2012
The great Mughal emperor Akbar once asked if there was any man in his court unbound by his wife's command. The huge mass of his courtiers and public was stunned and stood huddled together barring one meek-looking man, who stepped away and stood alone. Akbar was curious and asked how such a submissive fellow was the only one brave enough to defy his wife. "I am not defying my wife,...
12:54 PM, Apr 07, 2012
Beijing: Amid concerns over Indian government's move to amend tax laws retrospectively, Planning Commission Deputy Chief Montek Singh Ahluwalia has said that as a policy the country would continue to woo foreign investments. "There is absolutely no question of India having turned against foreign investment," Ahluwalia told The Wall Street Journal. Indian government's proposed amendment to the Income Tax Act, 1961, to bring into tax net Vodafone type overseas mergers...
03:04 AM, Apr 04, 2012
The Planning Commission is back in the news. The latest round of poverty levels that have been disclosed have created another debate in the country. ...
02:00 PM, Mar 23, 2012
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