PMEAC expects near 6% GDP growth in current fiscal

Last Updated: Thursday, October 25, 2012, 17:34

Faced with subdued manufacturing sector performance, Prime Minister's key advisor C Rangarajan on Thursday lowered the growth projection for the current fiscal to 6 percent from 6.7 percent estimated earlier.

More decisions to boost growth likely to follow: Rangarajan

Last Updated: Monday, October 15, 2012, 20:50

Referring to diesel price hike, he said the decision would help in reducing the fiscal deficit.

PMEAC expects improvement in IIP numbers in coming months

Last Updated: Friday, October 12, 2012, 14:21

Encouraged by turnaround in manufacturing sector, Prime Minister's Economic Advisory Panel on Friday said industrial output will show improvement in the coming months.

Inflation should be controlled: Rangarajan

Last Updated: Monday, October 8, 2012, 19:32

Observing that the Indian economy was passing through a critical situation, Prime Minister`s Economic Advisor C Rangarajan today said government is taking steps to rectify it.

PMEAC expects 6.7% growth this fiscal

Last Updated: Monday, September 24, 2012, 16:18

Stating that there were indications to this effect, he told reporters here that the monsoon had turned out to be better than predictions made a few months ago.

Drop in kharif output to put pressure on food prices: PMEAC

Last Updated: Sunday, September 23, 2012, 12:37

With kharif (summer crop) output being projected to drop by 10 percent this year, food prices will remain under pressure for some time, Prime Minister's Economic Advisory Council Chairman C Rangarajan has said.

Modern retail to affect kirana biz once mkt share rises: PMEAC

Last Updated: Friday, September 21, 2012, 18:17

Organised retail out-competes traditional retail on prices, variety and quality and offers greater convenience, he said.

Report on sugar decontrol by month-end: Rangarajan

Last Updated: Tuesday, September 18, 2012, 18:28

An expert committee on sugar decontrol, headed by PMEAC Chairman C Rangarajan, today said it will submit its recommendations by month-end.

Gold imports likely to come down this fiscal: PMEAC

Last Updated: Tuesday, September 18, 2012, 16:20

The Prime Minister's Economic Advisory Council on Tuesday said it expects gold imports to come down this fiscal which could reduce the current account deficit (CAD) to 3.5 percent of GDP.

RBI's infusing liquidity more potent than rate cut: PMEAC

Last Updated: Monday, September 17, 2012, 16:15

Prime Minister's Economic Advisory Council (PMEAC) on Monday said the RBI move to infuse liquidity in the system is "more potent" than a cut in interest rate and it will help banks expand credit portfolio.

Diesel hike gives RBI room to cut rates: PMEAC

Last Updated: Thursday, September 13, 2012, 21:45

Welcoming the fuel price hike decision by the government, PMEAC and economists Thursday said the decision provides room for Reserve Bank to ease monetary policy to give thrust on growth.

Stake dilution in PSBs poses political problem: Rangarajan

Last Updated: Thursday, September 6, 2012, 22:03

His comments come within two days of Reserve Bank Governor D Subbarao stating that if the government decides to maintain its stake at 57 percent, it will have to pump-in Rs 90,000 crore while if it decides to bring it down to 51 percent, it would need to infuse Rs 70,000 crore.