C Rangarajan

  • Rangarajan says 5.2 per cent growth in Q4 achievable 14-03-2014 01:41 PM

    The economy can grow an annual 5.2 percent in the quarter to end-March on higher farm output growth, the chairman of the Prime Minister's Economic Advisory Council said on Friday. C Rangarajan also said he expects the economic growth to pick up to 5.5-6 per cent in the fiscal year...
  • Delays in project completion hampering growth, says C Rangarajan 10-01-2014 05:15 PM

    Concerned over declining growth rate, Prime Minister's key economic advisor on today called for faster implementation of large projects to spur investments. "Economic growth has in fact declined much more steeply than what is warranted by the decline in investment. This might be because projects have not been completed in...
  • More effort needed to reduce government subsidies, says C Rangarajan 26-12-2013 04:37 PM

    More efforts are required to reduce the subsidy and government needs to set an overall quantity for it, prioritising the areas that need greater focus, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan has said. He also said that India will be able to contain the fiscal deficit at...
  • Inflation may ease to 6.5 per cent in December, says C Rangarajan 22-12-2013 04:10 PM

    A fall in vegetable prices is likely to ease headline inflation and retail inflation to 6.5 per cent and 9.20 per cent respectively in December, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said on Sunday. "Some of the things that have really pushed up inflation are vegetables like...
  • No reversal on gas price hikes; notification soon, says Veerappa Moily 26-11-2013 05:26 PM

    Oil Minister M Veerappa Moily on Tuesday ruled out reversal of the decision to double natural gas prices from April 1 next year and said that the notification on this will be issued shortly. "Absolutely, there is no question of reversing the decision to hike natural gas prices, as proposed...
  • Economy to grow distinctly better in second half, says C Rangarajan 13-11-2013 05:14 PM

    India will see "distinctly better" economic growth in the second half of the current fiscal on improvement in manufacturing and good monsoon this season, PMEAC Chairman C Rangarajan said on Wednesday while attending a seminar organised by CII onFinancial Inclusion for Reviving Growth. "I think it (growth) will happen. For...
  • Food inflation to ease soon, says economist Rangarajan 16-09-2013 06:49 PM

    Indian economist C Rangarajan has said that inflation can ease soon as rupee has stabilized and important commodities in terms of rupee will also come down. ...
  • Raghuram Rajan: RBI's new face is also its hottest 16-09-2013 04:47 PM

    New Delhi: 'Y is every1 going ga ga abt RBI gov Raghuram Rajan? Me thinks he looks a bit wily! N I mean it in a sweeeet nice way! Wink wink :)' reads a post which was put up on Twitter today. The fact that people continue to take to...
  • Excessive regulation can impede financial innovation, says C Rangarajan 16-09-2013 02:27 PM

    Pitching for a non-restrictive regulation in the financial sector, Prime Minister's key economic advisor C Rangarajan said on Monday that too many norms can impede financial innovations. "Too little regulation may encourage financial instability, but too much of it can impede financial innovations which are badly needed," he said at...
  • Inflation rises to 6.1 per cent in August versus 5.79 per cent in July 16-09-2013 12:34 PM

    New Delhi: The inflation figures for August have risen to 6.1 per cent in August as compared to 5.79 in July. The figures for Food Articles Inflation are 18.18 per cent versus 11.91 per cent (MoM), the Primary Articles Inflation is 11.72 per cent versus 8.99 per cent (MoM) and...
  • Gold imports seen at $38 billion to $40 billion in FY14: Rangarajan 13-09-2013 04:42 PM

    New Delhi: Gold imports are likely to be around $38 billion to $40 billion in the current fiscal year to March 31, 2014, C Rangarajan, the economic adviser to the prime minister, said on Friday. That would be down from last fiscal year's $53.8 billion in imports, which helped push...
  • RBI to keep monetary policy tight till rupee stabilises: C Rangarajan 13-09-2013 03:46 PM

    The Reserve Bank must continue its tight monetary policy until stability in the rupee value is achieved, Prime Minister's key economic advisor C Rangarajan said. "The current stance of monetary policy has to continue until stability in the rupee is achieved. Thereafter, if the current trend in the moderation of...
  • There is no case for India's rating dowgrade, says PM's economic advisor 13-09-2013 02:57 PM

    Government has already taken a host of reform measures and there is no case for any downgrade of India's sovereign rating by global agencies, Prime Minister's key economic advisor C Rangarajan said on Friday. "The rating agencies have been talking about the reforms having been put on the back burner....
  • PMEAC projects 5.3 per cent growth in 2013-14 13-09-2013 11:48 AM

    New Delhi: Prime Minister's key economic advisor C Rangarajan Friday lowered the growth forecast for the current fiscal to 5.3 per cent from 6.4 per cent projected earlier and listed out host of measures including further liberalisation of FDI norms to improve economic condition. "Economy will grow at 5.3 per...
  • Poverty ratio declines to 21.9 per cent in the country in 2011-12 23-07-2013 05:41 PM

    New Delhi: Poverty ratio in the country has declined from 37.2 per cent in 2004-05 to 21.9 per cent in 2011-12 on account of increase in per capita consumption, the Planning Commission said. According to the Commission, in 2011-12 for rural areas, the national poverty line by using the Tendulkar...
  • Govt approves near doubling of natural gas price from April 2014 27-06-2013 09:08 PM

    New Delhi: The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved gas price hike from April 2014, a move which will result in rise in power tariff, urea cost and CNG prices. The CCEA which approved Rangarajan formula for gas pricing will be valid for five years. Gas prices...
  • Cabinet to consider natural gas price hike on Friday 20-06-2013 08:30 PM

    New Delhi: A proposal for across-the-board hike in natural gas prices will go before the Cabinet tomorrow after key ministries of finance and fertiliser have endorsed the plan to raise the rates by 60 per cent. While the Oil Ministry on Wednesday moved a note for raising gas prices to...
  • Time for debate on inheritance tax: Chidambaram 08-11-2012 09:34 PM

    New Delhi: In order to deal with the issue of accumulation of wealth, Finance Minister P Chidambaram on Thursday said the time has come for a debate on imposition of inheritance tax. "Sometimes I doubt whether we have taken moderation (in tax rates) too far. Have we paid little attention...
  • Check depreciation of rupee: Rangarajan to RBI 19-11-2011 12:36 PM

    Kolkata: Former Reserve Bank of India (RBI) governor C Rangarajan has called for the central bank's intervention to check the depreciation of rupee which has slumped to Rs 51.30 against the US dollar, the lowest in 32 months. "I think the RBI should intervene in the situation when volatility in...
  • Inflation needs to be tamed: PM's Economic Advisor 20-10-2011 01:41 PM

    Food inflation touches double digit on account of rise in vegetable and poultry products. ...
  • US crisis may hit export, investment: Rangarajan 08-08-2011 05:33 PM

    New Delhi: Prime Minister's Economic Advisory Council Chairman C Rangarajan on Monday said the downgrade of the US sovereign rating will negatively impact exports and moderate capital flows into the country. "More than the downgrade, what will be the impact for the rest of the world will be the slow...
  • 20 years of reforms: C Rangarajan's views 22-07-2011 10:12 AM

    It's been 20 years since Manmohan Singh opened up Indian economy and freed up Indian entrepreneurship. In 1991, when Singh became the finance minister in the PV Narasimha Rao-led Congress government, the country was close to bankruptcy and had mortgaged its gold to pay for loan installments. India's fiscal deficit...
  • Indian economy to grow by 8.6 pc in 2010-11 21-02-2011 04:21 PM

    New Delhi: India's economy was likely to grow by 8.6 per cent in 2010-11 on the back of robust agricultural growth, rising output in services sector and stable industrial production, the chairman of the prime minister's economic council said on Monday. "The overall growth rate of 8.6 per cent is...
  • Highlights of India's economic review 21-02-2011 04:17 PM

    New Delhi: Highlights of the latest review by the Prime Minister's Economic Advisory Council headed by former Reserve Bank governor C. Rangarajan, barely a week ahead of the presentation of the federal budget: -Economy expected to grow at 8.6 per cent in 2010-11 and 9 percent next fiscal -Agriculture expected...