More effort needed to reduce govt subsidies: PMEAC

Last Updated: Thursday, December 26, 2013, 16:38

Rangarajan also said that India will be able to contain the fiscal deficit at 4.8 percent for which higher growth is a must so as to increase government revenues.

Gas prices may jump to $10 in 2016-17, from $4.2 now

Last Updated: Monday, December 23, 2013, 17:44

Natural gas prices in India may jump to USD 10 within three years of implementation of the Rangarajan formula, generating enough additional revenue to meet higher subsidy outgo on the fertiliser sector.

10th round of oil and gas block auction in January

Last Updated: Sunday, December 22, 2013, 17:36

India may launch its largest ever auction of oil and gas block next month at completely revamped terms after the current profit-sharing regime came in for sharp criticism from CAG.

Inflation may ease to 6.5% in December: Rangarajan

Last Updated: Sunday, December 22, 2013, 16:56

A fall in vegetable prices is likely to ease headline inflation and retail inflation to 6.5 percent and 9.20 percent respectively in December, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said on Saturday.

Parl panel calls for review of Rangarajan gas price formula

Last Updated: Wednesday, December 18, 2013, 18:25

A Parliamentary panel has sought a review of the Rangarajan formula that will be used to price natural gas from April next year saying the rate should be fixed after factoring in domestic cost of production.

India can afford gold import of $30 bn a year: Rangarajan

Last Updated: Wednesday, December 11, 2013, 18:11

Prime Minister's Economic Advisory Council chief C Rangarajan Wednesday said India can tolerate USD 30 billion worth of gold imports.

India needs decisive govt for next decade: Rangarajan

Last Updated: Sunday, December 1, 2013, 01:14

Dr C Rangarajan, chairman of Prime Minister`s Economic Advisory Council on Saturday said that India needed a decisive government as the next decade will be crucial for the country.

India needs decisive govt for next decade: Rangarajan

Last Updated: Saturday, November 30, 2013, 23:13

Dr C Rangarajan, chairman of Prime Minister`s Economic Advisory Council, today said that India needed a decisive government as the next decade will be crucial for the country.

CAD to come down below 3% this fiscal: PMEAC

Last Updated: Friday, November 29, 2013, 12:56

He exuded confidence that the Indian economy will grow at 5.3 percent in 2013-14.

Centre asks states to soon break impasse on sugar issue

Last Updated: Thursday, November 28, 2013, 15:22

Assuring Centre's full assistance in solving the UP sugar crisis, Union Food Minister K V Thomas asked sugar mills and farmers not to "precipitate" the crisis.

No going back on gas price hikes; notification soon: Moily

Last Updated: Tuesday, November 26, 2013, 17:37

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.

Economy to grow distinctly better in second half: Rangarajan

Last Updated: Wednesday, November 13, 2013, 17:50

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 said.