RBI to keep monetary policy tight till rupee stabilises: PMEAC

Last Updated: Friday, September 13, 2013, 16:18

The time frame for this is difficult to specify and much depends on stability in the foreign exchange markets, Rangarajan said.

There is no case for India's rating dowgrade: Rangarajan

Last Updated: Friday, September 13, 2013, 16:15

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 here on Friday.

Gold imports to come down sharply to $38 bn in FY14: Rangarajan

Last Updated: Friday, September 13, 2013, 15:54

The gold import, which totalled USD 53.8 billion in the last fiscal, is one of the major reasons for India's record high current account deficit (CAD) of USD 88.2 billion in 2012-13.

PMEAC lowers growth projection for 2013-14 to 5.3%

Last Updated: Friday, September 13, 2013, 15:52

The PMEAC had in April projected 6.4 percent growth for Indian economy for current financial year. The GDP grew by 5 percent in 2012-13.

Economy to grow 5.5% this fiscal: Rangarajan

Last Updated: Tuesday, September 10, 2013, 23:55

Prime Minister's Economic Advisor C Rangarajan Tuesday said India's economy is likely to grow at around 5.5 percent this fiscal.

Rangarajan for steep increase in diesel prices

Last Updated: Tuesday, September 3, 2013, 18:24

Amidst depreciating rupee, Prime Minister's Economic Advisory Council Chairman C Rangarajan Tuesday pitched for substantial increase in diesel prices to meet the fiscal deficit target.

Economy to grow at 5.5% this fiscal: Rangarajan

Last Updated: Tuesday, September 3, 2013, 18:22

India's economy is likely to grow at around 5.5 percent this fiscal on account of strong farm output, Prime Minister's economic advisor C Rangarajan said Tuesday.

Interest rates may ease after stability in forex market: PMEAC

Last Updated: Tuesday, September 3, 2013, 17:51

Prime Minister's key economic advisor C Rangarajan Tuesday said RBI will have more space to ease interest rates once the stability is restored in the forex market.

Govt not honouring contracts on KG-D6 gas block, says RIL

Last Updated: Tuesday, September 3, 2013, 14:04

Amidst move to force Reliance Industries to sell gas from its main fields in KG-D6 block at old rates of USD 4.2, the Mukesh Ambani-run firm on Tuesday hit out saying the government was not honouring signed contracts and extraneous factors were being brought into business.

CAD may come down to $70 bn in 2013-14: Rangarajan

Last Updated: Monday, August 26, 2013, 17:41

India may be able to contain its current account deficit (CAD) to USD 70 billion, about 3.7 percent of GDP, in the current fiscal because of various steps taken by the government, Prime Minister's Economic Advisory Council chairman C Rangarajan said Monday.

NPAs of banks could rise on account of slowing economy: PMEAC

Last Updated: Wednesday, August 21, 2013, 14:27

Prime Minister's key economic advisor C Rangarajan on Wednesday indicated banks may have to deal with higher non performing assets (NPAs) on account of poor economic performance.

FM meets Rangarajan, Montek amid rupee breaching 64 mark

Last Updated: Tuesday, August 20, 2013, 18:27

With the rupee breaching the 64 to a dollar mark intra-day, Finance Minister P Chidambaram Tuesday held a meeting with top government functionaries, including Prime Minister's key economic advisor C Rangarajan.