Montek

  • Future growth prospects depend on new government's policies: Montek Ahluwalia April 30, 2014

    New Delhi: Growth prospects of the Indian economy will depend on the policies of the new government to be formed next month, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Wednesday. "The economy can move up, depending upon the policies you follow. In the current (financial) year 201415 everybody...
  • Fight is against perception that big companies do deals with government: Montek April 20, 2014

    The biggest challenge on policy front is the fight against the perception that a small number of big corporations do cozy deals with the government, Planning Commission Deputy Chairman Montek Singh Ahulwalia has said. He also said the new government after elections will get a considerable time during which whatever initiatives it wants to take will not...
  • Odisha doesn't have special disadvantage to get special status: Montek Singh Ahluwalia March 5, 2014

    Odisha does not have any "special disadvantage" to get special category status and it should focus on "other windows" to get more assistances from the Centre, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said. "Special category status is accorded to a state under very special circumstances and Odisha doesn t...
  • Need to make educational scholarships demand driven: Montek Ahluwalia February 9, 2014

    Mumbai: Stating that the money allocated for educational scholarships is going unutilised, Planning Commission's Deputy Chairman Montek Singh Ahluwalia said on Sunday the scholarships should be made demand driven. "Scholarships should be demand determined so that those who rightfully need the help get it," Ahluwalia said at a seminar. He said...
  • Food security not an issue if resources are managed well: Ahluwalia February 8, 2014

    New Delhi: Sustainable food security will not a problem if scarce resources like water and energy are managed well, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Saturday. "The essence of whole concept of sustainability is how you handle things. So, in my view energy and water are scarce resources....
  • 6 per cent GDP growth next fiscal, better 2nd half in 201314 says Montek Singh Ahluwalia November 27, 2013

    Exuding confidence that economy will be back on high growth trajectory, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday said that GDP will expand by over 6 per cent next fiscal and performance will be better in second half of this fiscal. "I could easily say that it (economic growth)...
  • Price situation will be corrected soon, says Montek November 14, 2013

    Terming October wholesale inflation "uncomfortable", Planning Commission Deputy Chairman Montek Singh Ahluwalia, on Thursday said the price situation will get corrected soon as it is seasonal. "I think it clearly remains uncomfortable because of food inflation. Core inflation is still quite modest. I think the food inflation must come down," Ahluwalia...
  • London based magazine ranks Manmohan Singh as most influential Sikh March 20, 2014

    Prime Minister Manmohan Singh has been listed as the world's most powerful, influential and contemporary Sikh, according to the first edition of the annual 'Sikh 100' published in London. According to the list, the world's first comprehensive ranking of the most powerful, influential and contemporary Sikhs in the world brought out...
  • Montek slams Goldman Sachs, says UPA has a strong development plan November 9, 2013

    Planning Commission Deputy Chairman Montek Singh Ahluwalia on Saturday slammed global investment banker Goldman Sachs report, which suggested BJP's prime ministerial candidate and Gujarat Chief Minister Narendra Modi as an agent of Change. Ahluwalia asserted that the UPA government had laid out a very bold development agenda. ...
  • Goldman Sachs should not comment on political matters, says Montek November 9, 2013

    Planning Commission Deputy Chairman Montek Singh Ahluwalia, on Saturday, said US investment bank Goldman Sachs should not be commenting on political matters. "I don't agree with Goldman Sachs. Lots of people have said they should not be pronouncing on these things," Ahluwalia said on the sidelines of a function organised by...
  • FIR against Birla doesn't mean government targeting industry: Montek October 21, 2013

    New Delhi: Planning Commission Deputy Chairman Montek Singh Ahluwalia on Monday admitted that Prime Minister Dr Manmohan Singh took the right decision in the allocation of coal blocks to Hidalco industries run by the Birla group. In an interview to CNNIBN's Karan Thapar, he said, "There is no doubt that...
  • Economy to see turnaround in coming quarters, asserts Montek Singh Ahluwalia October 9, 2013

    India's GDP will see a turnaround in the coming quarters on account of various steps taken by the government to spur growth as well as good agricultural production, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Wednesday. "Taking all these things together, I expect to see recovery in the coming...
  • Worst is over for rupee, 6065 per US dollar fair value: Montek Singh Ahluwalia October 9, 2013

    Planning Commission Deputy Chairman Montek Singh Ahluwalia on Wednesday said the worst is over for the rupee and the fair value for the currency could be between 60 and 65 against the US dollar. "I would certainly say so (worst is over for rupee). It is evident from the markets and...
  • RBI adopted balanced approach in policy review, says Montek Singh Ahluwalia September 20, 2013

    Planning Commission Deputy Chairman Montek Singh Ahluwalia on Friday said that the RBI's mid term monetary policy statement reflects "balanced" approach to deal with "worrisome" inflation and slacking growth. Reserve Bank, in its mid term review of the monetary policy on Friday, decided to hike short term policy rate by 0.25...
  • Rajan's statement shown RBI is concerned about inflation: Montek September 20, 2013

    Deputy Chairman of Planning Commission Montek Singh Ahluwalia said RBI Governor Raghuram Rajan has done somethings that will ease liquidity and at the same time send a signal that the RBI is concerned about bringing inflation down. ...
  • Raghuram Rajan: RBI's new face is also its hottest September 17, 2013

    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...
  • MP govt seeks Rs 2,812 crore from Centre for Ujjain Kumbh mela September 14, 2013

    Madhya Pradesh government has sought Rs 2,812 crore from the Centre for preparations towards the Kumbh mela to be held in Ujjain in 2016. In a letter to Planning Commission Deputy Chairman Montek Singh Ahluwalia yesterday, Chief Minister Shivraj Singh Chouhan said four to five crore devotees are expected to participate...
  • Montek meets Arunachal CM to review status of power projects September 13, 2013

    New Delhi: Planning Commission Deputy Chairman Montek Singh Ahluwalia Friday met Arunachal Pradesh Chief Minister Nabam Tuki to discuss the issues related with hydro power projects in the state. "We are reviewing number of issues. We are very concerned, we want to help Arunachal Pradesh utilise its hydro potential. There are...
  • India has adequate forex reserves, says Montek Singh Ahluwalia September 6, 2013

    India on Friday said it has "adequate" foreign exchange reserves, at present USD 280 billion to defend its currency amid global volatility and ruled out taking any external assistance unless there is a "radical" change in the situation. Planning Commission Deputy Chairperson Montek Singh Ahluwalia also said the rupee's fall this...
  • Montek Singh Ahluwalia rules out approaching IMF over economic woes August 31, 2013

    Hit by a currency crisis and poor growth, India on Saturday ruled out approaching the International Monetary Fund (IMF) for assistance, saying the economic situation has not reached a point where outside help is warranted. Planning Commission Deputy Chairman Montek Singh Ahluwalia said the RBI's forex reserves are adequate to manage...
  • PM, Chidambaram responsible for economic crisis: Arvind Panagariya August 29, 2013

    New Delhi: Economist Arvind Panagariya held Prime Minister Manmohan Singh, Finance Minister P Chidambaram, Deputy Chairman of Planning Commission Montek Singh Ahluwalia and President Pranab Mukherjee responsible for the country's economic crisis. Speaking to CNN-IBN's Karan Thapar on Devil's Advocate, he said they have let India down in their management...
  • Cut expenditure to check further slide in the rupee, says Montek August 25, 2013

    Deputy Chairman of the Planning Commission Montek Singh Ahluwalia has suggested a cut in wasteful government expenditure as a strong and necessary measure to control the fiscal deficit but defended financial burden of the Food Security Bill. He was speaking to Karan Thapar on Devil's Advocate. Here is the transcript of...
  • Govt has not drawn any red line on rupee value, says Montek August 25, 2013

    In the backdrop of the declining value of India's currency, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Sunday said the government has not drawn any red line on the rupee, which he felt has over depreciated. "I don't believe that either the government or the RBI have taken a view...
  • Cut wasteful govt expenditures, but spare food subsidies: Montek August 25, 2013

    Deputy Chairman of the Planning Commission Montek Singh Ahluwalia has suggested a cut in wasteful government expenditure as a strong and necessary measure to control the fiscal deficit but defended financial burden of the Food Security Bill. He was speaking to Karan Thapar on Devil's Advocate. Here is an excerpt of...
  • Use foreign exchange reserves to curb the slide of the rupee: Montek August 25, 2013

    New Delhi: Deputy Chairman of the Planning Commission Montek Singh Ahluwalia in an interview with Karan Thapar on CNN-IBN, suggested the use of foreign exchange reserves as a measure to finance the current account deficit. He said this was one step the government must take to if wants to check...
  • Planning Commission approves Rs 25,250 cr for Chhattisgarh July 31, 2013

    The Planning Commission on Wednesdayapproved Rs 25,250 crore for Chhattisgarh for 201314, up 7.5per cent from a year ago.The annual plan outlay for the state was discussed in New Delhiat a meeting between Planning Commission Deputy ChairmanMontek Singh Ahluwalia and Chief Minister of ChhattisgarhRaman Singh. "The plan size has been agreed...
  • Status check: A Mumbai slum family earning Rs 7,000 a month not BPL? July 31, 2013

    Mumbai: After being reduced to a farce by politicians, Planning Commission Deputy Chairman Montek Singh Ahluwalia admitted that poverty figures are at an all time low. CNNIBN's Smitha Nair tried to find out if it is possible to survive in a Mumbai slum for close to Rs 7,000 a month. It...
  • India @ 9 with Rajdeep Sardesai July 29, 2013

    Catch the day's top stories with Rajdeep Sardesai on India @ 9. ...
  • Government ready to revise the poverty line figure: Montek July 29, 2013

    New Delhi: Amid mounting criticism of poverty reduction estimates by the Planning Commission, the panel's Deputy Chairperson Montek Singh Ahluwalia on Monday said that the poverty line decided by Tendulkar Committee was being relooked at. Ahluwalia said Rangarajan Committee, which was formed to give its report on poverty, will take...
  • Congress leaders slam Planning Commission on poverty figures July 27, 2013

    New Delhi: Congress leaders have joined the debate to slam the Planning Commission on poverty figures and questioned the commission's method of defining the poverty. Congress General Secretary Digvijaya Singh took on to Twitter to express his dissent and said he failed to understand the commission's criteria for fixing the...