FDI may increase to $36 bn in 2013-14: PMEAC

Last Updated: Tuesday, April 23, 2013, 18:41

The PM's Economic Advisory panel expects foreign direct investment (FDI) in India to increase to USD 36 billion this fiscal on the back of supportive policies.

PMEAC pegs 3.5% farm growth in FY'14 on normal monsoon

Last Updated: Tuesday, April 23, 2013, 15:49

Agriculture and allied sector is expected to grow at a faster rate of 3.5 percent in 2013-14 fiscal if the country receives normal monsoon this year, the Prime Minister's economic advisory panel said on Tuesday.

Gold price crash to help improve BoP position: Rangarajan

Last Updated: Sunday, April 21, 2013, 11:32

Sharp decline gold prices will have favourable impact on the economy especially the high current account deficit (CAD) and the overall Balance of Payment (BoP) position, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan has said.

Current account deficit to be 5% this fiscal: Rangarajan

Last Updated: Monday, March 25, 2013, 18:40

India's Current Account Deficit (CAD) for 2012-13 is likely to be around 5 percent of the GDP, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said Monday.

RBI rate cuts to depend on inflation scene: Rangarajan

Last Updated: Friday, March 8, 2013, 15:50

Ahead of the Reserve Bank's review of monetary policy on March 19, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan on Friday said policy rate cuts by the central bank will depend on inflation movement, among other factors.

Economy to grow at 6-7% in FY14: Rangarajan

Last Updated: Tuesday, February 12, 2013, 15:56

He emphasised the need to kick-start investments to get back to the high growth trajectory.

Capital inflows help economy sustain high CAD: Rangarajan

Last Updated: Tuesday, January 29, 2013, 22:46

Pitching for greater capital inflows, Prime Minister's Economic Advisory Council Chairman C Rangarajan Tuesday said they have helped the economy in dealing with the problem of high current account deficit (CAD).

Non-corporates should get preference in bank licences: PMEAC

Last Updated: Sunday, January 6, 2013, 12:19

The RBI is in the process of finalising the guidelines for giving new bank licences after Parliament approved Banking Laws (Amendment) Bill last month.

Reversal in monetary policy only when inflation is down: PMEAC

Last Updated: Friday, December 28, 2012, 20:49

The signal for reversal of monetary policy stand by the Reserve bank will come only when inflation shows definite signs of decline, Prime Minister's Economic Advisory Council Chairman C Rangarajan said on Friday.

Bank loan hitch: PM asks Road Ministry to approach EAC

Last Updated: Thursday, December 6, 2012, 16:52

Amid concerns over the reluctance by banks to give loans to infrastructure projects, Prime Minister Manmohan Singh has asked the Road Transport and Highways (RTH) Ministry to address the matter to the PMEAC so that the issue can be resolved.

Too many curbs on gold import will push up smuggling: PMEAC

Last Updated: Saturday, December 1, 2012, 18:38

"If we ban gold imports, the smuggling will go up... there are already indications that smuggling of gold has gone up in the last three months," C Rangarajan, Chairman of Prime Minister's Economic Advisory Council (PMEAC), said here.

RBI may cut interest rate only in Jan: Rangarajan

Last Updated: Tuesday, October 30, 2012, 19:10

The Prime Minister's Economic Advisory Council (PMEAC) Chairman said the central bank has taken a cautious stand in its monetary policy as inflation continues to remain high.