RBI cautious now, 0.25% rate cut likely in September: Rangarajan

Last Updated: Tuesday, August 4, 2015, 19:59

Stating that RBI has adopted a cautious approach in keeping rates unchanged, former Governor C Rangarajan Tuesday said the central bank may cut rate by 0.25 basis points by next month if monsoon turns out to be good.

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.

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.

Rupee, inflation to weigh on upcoming RBI policy review: PMEAC

Last Updated: Monday, September 16, 2013, 18:35

"All that I can say is that the RBI, I believe, will take into account the behaviour of inflation as well as what is happening in the foreign exchange market and take a decision," he said on the sidelines of an Assocham organised event here.

Excessive regulation can impede fin innovation: Rangarajan

Last Updated: Monday, September 16, 2013, 14:36

Pitching for a non-restrictive regulation in the financial sector, Prime Minister's key economic advisor C Rangarajan Monday said too many norms can impede financial innovations.

Petro price hikes to help meet fiscal deficit target: PMEAC

Last Updated: Friday, September 13, 2013, 20:17

Hike in prices of diesel and other petroleum products is necessary to contain the fiscal deficit at 4.8 percent of the GDP, Prime Minister's key Economic Advisor C Rangarajan said on Friday.

'India may have draw $9 bn from forex kitty to finance CAD'

Last Updated: Friday, September 13, 2013, 18:08

India may have to draw about USD USD 9 billion from its foreign exchange reserves to finance current account deficit this year, PMEAC Chairman C Rangarajan said on Friday, while pitching for promoting foreign investment and exports to deal with problem in the long run.

Economists disapprove of PMEAC's Economic Outlook

Last Updated: Friday, September 13, 2013, 17:56

Prime Minister's key economic advisor C Rangarajan today lowered the growth forecast for the current fiscal to 5.3 percent from 6.4 percent projected earlier.

PMEAC pegs farm growth at 4.8% in FY'14 on good monsoon

Last Updated: Friday, September 13, 2013, 16:22

Prime Minister's key economic advisor C Rangarajan on Friday pegged agriculture growth at 4.8 percent for the current fiscal on expectation of a record foodgrains, pulses and cotton production buoyed by good rains.

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.