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
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
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 here. It was...
06:40 PM, Apr 21, 2012
Bangalore: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Tuesday said RBI reducing lending rates along with government efforts to bring down fiscal deficit should boost economic growth this year. "I think the lowering of the interest rate by the RBI combined with Finance Minister Pranab Mukherjee's endeavours to bring the fiscal deficit down, should propel the economy upwards this year," he told reporters on the sidelines of a government...
05:26 PM, Apr 17, 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
New Delhi: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday said problems of the industry, reeling under high interest rate regime, are linked to fiscal deficit that needs to be contained. "I am willing to accept that high interest rate are a burden, but it is not going to be solved having interest subvention for this or that sector. It will be solved by bringing fiscal deficit down so...
08:44 PM, Apr 09, 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...
03:12 AM, Apr 08, 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
Beijing: A high level Indian delegation would visit China in May to streamline mutual investment opportunities between the two countries and discuss steps to remove impediments in this regard, Planning Commission Deputy Chairman Montek Singh Ahluwalia said. A delegation headed by Planning Commission Member BK Chaturvedi would visit China next month to discuss investment related opportunities with Chinese officials, he told reporters after attending the Boao Forum for Asia in...
05:07 AM, Apr 05, 2012
Singapore: India has the potential to register economic growth of 8-9 per cent for several years by hugely investing in infrastructure, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday in Singapore. "To achieve nine per cent growth in the coming years, it is going to require humongous efforts and a lot will depend on what happen to the global economy, none of which looks very positive right now. "We...
11:25 PM, Apr 04, 2012
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