Narendra Modi govt doesn’t acknowledge the word ‘slowdown’, says Manmohan Singh; calls $5 trillion economy mission ‘wishful thinking’
In a sharp attack on the Narendra Modi government over the state of the economy, former prime minister Manmohan Singh on Wednesday said the current dispensation does not acknowledge the word "slowdown", and the real danger is that if problems are not recognised, then finding credible answers to take corrective action is unlikely.
Montek Singh Ahluwalia's Backstage traces the trajectory of India's public policies, economic growth
Performance in the first two years of the NDA was greatly helped by the collapse in world oil prices in October 2014, which created a very favourable external environment compared to the situation facing the UPA when oil prices were very high.
'Congress can never think of disrespecting Manmohan Singh': Randeep Surjewala after Montek Singh Ahluwalia claimed ex-PM considered resigning in 2013
Surjewala said Gandhi's move of tearing the ordinance brought by the Congress-led government to allow those convicted in criminal cases to contest elections was a courageous step.
Manmohan Singh asked me in 2013 whether he should resign, claims Montek Singh Ahluwalia in his new book
Ahluwalia says he told Singh, who was then on a visit to the US, that he did not think a resignation on this issue was appropriate.
Government-RBI rift: Forcing central bank to give Rs 3.6 lakh cr from cash reserves would jeopardise inflation story
Every year since 2014, the RBI has transferred all the profits it has made to the government
Panagariya is scheduled to leave Niti Aayog on 31 August and will be succeeded by well-known economist Rajiv Kumar.
"No previous leader has shown the courage to appoint 'an outsider' at this level in the government of India," Panagariya said.
Earlier, the issue of RBI's autonomy was raised by Nobel laureate Amartya Sen and former governors Y V Reddy and Bimal Jalan.
Noted economist Arvind Panagariya, who has been appointed as the first Vice-Chairman of the newly-created NITI Aayog, has taken charge of his office today.
The new institution, which would remain at its predecessor's address, a few blocks away from the Parliament, would also have a CEO, while prime minister would be the chairperson.
The 64-year-old Planning Commission, a vestige of the socialist era, will soon become history as Prime Minister Narendra Modi announced its abolition this past Independence Day. The body will be replace by a more relevant institution.<br />
Earlier this week, the Minister in his Facebook post said there was a need for streamlining the role of the Commission.<br />
Worried over widespread corruption, outgoing Planning Commission Deputy Chairman Montek Singh Ahluwalia has made a strong case for setting up a high-level committee to identify lacunae and suggest remedies.
A Planning Commission task force has strongly recommended Public Private Partnership (PPP) model for setting up projects for Municipal Solid Waste (MSW) with a viable gap funding by the government.
"We have to integrate our technologies of high-speed railways and energy equipment with the Indian market as a breakthrough in Sino-Indian cooperation," Li said during a meeting with Deputy Chairman of Planning Commission Montek Singh Ahluwalia.
Ahluwalia said that emerging markets would need to focus more on FDI and bonds among other measures to make up for the fall in bank credit.<br /><br />
Despite these dropouts, Indian delegation still runs into about 125 business and political leaders, which makes India's presence fourth largest after the US, UK and the host country Switzerland.<br /><br />