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PMEAC CHIEF
Arvind Subramanian defends his GDP overestimation argumentLending more credence to his argument, he said that no country has grown over 7% with exports below 5%.- Government may have to draw down reserves to fund CAD: C RangarajanPrime Minister’s Economic Advisory Council said the government may have to use its reserves to fund current account deficit this fiscal.
- 'India may have draw $ 9 bn from forex kitty to finance CAD'India may have to draw about $ 9 billion from its foreign exchange reserves to finance current account deficit this year, PMEAC Chairman C ...
- Economists disapprove of PMEAC's Economic OutlookEconomists said these were not in line with the prospective macro-economic scenario as they saw no signs of recovery in the second half of ...
- Raghuram Rajan "excellent choice" for RBI top job: C RangarajanPMEAC Chairman C Rangarajan today welcomed appointment of Raghuram Rajan as RBI Governor, saying he is an "excellent choice" to give direct...
- Gold demand may come down with decline in inflation: C RangarajanGold demand is likely to fall as easing of inflation rate will make investment in financial products more attractive than the yellow metal,...
- Government spending have to come down to push growth, says PMEAC chief C RangarajanRBI has found an ally in PMEAC chief C Rangarajan, who has sided with the central bank in the growth versus inflation debate.
- Manmohan Singh's economic panel for capping FDI in multi-retail at 49 per centPrime Minister's Economic Advisory Council (PMEAC) today suggested that foreign investment in the sector be capped at 49 per cent.
- Limited scope for fiscal stimulus: C RangarajanAmid India Inc demand of booster dose, PMEAC Chairman C Rangarajan today said the scope for fiscal stimulus is limited in view of high defi...
- High inflation may restrain RBI from cutting interest rates: C RangarajanRBI will find it difficult to cut interest rates in its monetary policy review later in the month in absence of softening of inflation, Ran...
- PMEAC likely to finalise report on sugar decontrol in 6 monthsAn expert committee on sugar decontrol, headed by PMEAC Chairman C Rangarajan, is expected to submit its report in next 6 months, Food Mini...
- Industrial output will pick up in remaining months: RangarajanBuoyed by a sharp rebound in factory output in November, Rangarajan today exuded confidence that industrial production will pick up in the ...
- Industrial growth target may be revisited: PMEAC chiefThe dismal factory output growth was on the back of a poor performance by manufacturing, mining and capital goods sectors.
- Experts divided over removal of Plan, Non-Plan expenditure proposed by panel headed by PMEAC chiefWhile former Planning Commission member Y K Alagh is opposed to the proposal, N C Saxena, former Plan panel member favoured it was as 'good...
- Fuel price hike to push inflation into double-digit: PMEAC"Due to the hike, inflation could be close to 10 per cent by July," Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangaraja...
- Fuel price hike to push inflation up:PMEACDescribing the government's decision to raise fuel prices as inevitable, the PM's economic advisor said that it would push inflation into t...
- Rangarajan favours separate Debt Management OfficeThe Reserve Bank of India has opposed setting up a DMO under the Union government to manage sovereign debt.
- PMEAC for early decision on freeing of diesel pricesThe EGoM headed by Finance Minister Pranab Mukherjee is likely to take a decision on raising prices of petroleum products next week.
- Indian economy moving fast towards $2 trillion markPegging GDP growth at 9%, the economy would reach a level of $1.72 trillion in 2011-12, the PMEAC report said. Track global trends while pi...
- Economic growth to slow down to 7 pc this fiscal: PMEAC chiefChairman of the Prime Minister's Economic Advisory Council Suresh Tendulkar on Saturday said he expects India's GDP to grow this fiscal by ...
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