Montek Singh-ahluwalia

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Montek Singh-ahluwalia - Total results - 226
PM for Planning Commission panel on NE development
Economy

PM for Planning Commission panel on NE development

Prime Minister Manmohan Singh directed the Planning Commission to constitute a Monitoring Committee with representatives from the northeast states to improve coordination among central ministries.<br /><br />

BRICS GDP better than the advanced world: Stiglitz
Economy

BRICS GDP better than the advanced world: Stiglitz

Stiglitz also said that the single minded focus by the western countries on the inflation was wrong.

Central banks should not look only at inflation target: Montek
Economy

Central banks should not look only at inflation target: Montek

The RBI is scheduled to announce its third quarter monetary policy review on 28 January in the backdrop of industry demand to reduce the key policy rate (repo).

Not draconian changes, India needs to cut debt in 5-6 yrs: Montek
Economy

Not draconian changes, India needs to cut debt in 5-6 yrs: Montek

India should reduce its debt within 5-6 years by putting fiscal policy on the right path, but "draconian changes" are not the answer, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said.

Poor economy derails Planning Commission's ambitious 8% growth target
Economy

Poor economy derails Planning Commission's ambitious 8% growth target

During the first year of the 12th Plan, India's economy grew by only 5 percent, the slowest in a decade. In the first half (April-September) of the current fiscal FY2013-14, the economy grew by just 4.6 percent.

Montek says achieving average 8% annual growth in 12th Plan difficult
Economy

Montek says achieving average 8% annual growth in 12th Plan difficult

The Commission has set a target of 8 percent annual average economic growth during the 12th Five Year Plan (2012-17). It had set an ambitious target of annual economic growth of 9 percent in the 11th Plan (2007-12) but around 8 percent growth was achieved.

India to hit 6% growth next fiscal, says Montek Singh
Economy

India to hit 6% growth next fiscal, says Montek Singh

"I would hope that if my judgement, that the second half of the current (fiscal) year shows more than 5 per cent, then it is not unreasonable to expect more than 6 per cent in the next financial year," he told CNBC-TV18.

 Inflation to cool off soon after supply improves: Montek
Economy

Inflation to cool off soon after supply improves: Montek

Costlier food items, including vegetables, pushed the October wholesale inflation to 7 percent, the highest in the current financial year.

Economy to grow at 8% in 2 years, says Montek Singh Ahluwalia
Economy

Economy to grow at 8% in 2 years, says Montek Singh Ahluwalia

Exuding confidence about India's potential, Planning Commission Deputy Chairman Montek Singh Ahluwalia today said the economy will get back on the targeted growth trajectory of 8 percent after two years.

Manmohan Singh ranked world's most powerful, influential Sikh
India

Manmohan Singh ranked world's most powerful, influential Sikh

Planning Commission Deputy Chairman Montek Singh Ahluwalia, 69, ranks as the second most powerful Sikh on the list, released last night.

Shutting doors on FTAs is a bad idea, push through reforms instead
Economy

Shutting doors on FTAs is a bad idea, push through reforms instead

News of finance minister P Chidambaram and chairman of the National Manufacturing Competitiveness Council, V Krishnamurthy, speaking out against India's growing penchant for free-trade agreements (FTAs) invited a quick clarification from the commerce ministry.<br /><br />

Montek says worst over for economy, but sees no recovery sign yet
Economy

Montek says worst over for economy, but sees no recovery sign yet

Plan panel Deputy Chairman Montek Singh Ahluwalia said the worst is probably over for the economy and the performance would be better in the second half of this fiscal.

CBI shouldn't damage Birla's reputation in Coalgate probe: Montek
Business

CBI shouldn't damage Birla's reputation in Coalgate probe: Montek

The Deputy chairman of the Planning Commission clarified the ongoing investigation into the coal allocation is a high-profile case where the government has come clean.<br /><br />

CAD to fall below 3.8% this fiscal, says confident Montek
Economy

CAD to fall below 3.8% this fiscal, says confident Montek

"The bottom line on CAD is a very good news. It will be lower than 3.8 per cent," Ahluwalia told reporters.

IMF's India growth forecast is pessimistic: Rajeev Shukla
Economy

IMF's India growth forecast is pessimistic: Rajeev Shukla

The first quarter (April-June) economic growth in this fiscal slipped to 4.4 percent from 4.8 percent the previous January-March quarter.

Indian economy to turn around in coming quarters: Montek Singh Ahluwalia
Economy

Indian economy to turn around in coming quarters: Montek Singh Ahluwalia

India's GDP will see a turnaround in the coming quarters on account of various steps taken by the government to spur growth as well as good agricultural production, Planning Commission Deputy Chairman Montek Singh Ahluwalia said today.

Worst over for rupee, 60-65 per dollar fair value: Montek
Economy

Worst over for rupee, 60-65 per dollar fair value: Montek

The rupee had hit an all-time low of 68.85 in late August due to huge capital outflows.

India, China begin hectic parleys on bilateral issues ahead of PM's visit
India

India, China begin hectic parleys on bilateral issues ahead of PM's visit

Ahead of Prime Minister Manmohan Singh's proposed visit to Beijing next month, India and China on Wednesday began a series of meetings on a gamut of bilateral issues that will include talks on border security mechanisms next week.

RBI adopted balanced policy to deal with inflation, says Montek Singh
Economy

RBI adopted balanced policy to deal with inflation, says Montek Singh

Planning Commission Deputy Chairman Montek Singh Ahluwalia today said that the RBI's mid term monetary policy statement reflects "balanced" approach to deal with "worrisome" inflation and slacking growth.

India has adequate forex reserves: Montek Singh Ahluwalia
Economy

India has adequate forex reserves: Montek Singh Ahluwalia

India today said it has "adequate" foreign exchange reserves -- at present USD 280 billion -- to defend its currency amid global volatility and ruled out taking any external assistance unless there is a "radical" change in the situation.