The former RBI chief noted that the per capita income will have to be at a minimum of USD 13,205 and the economy should have to maintain strong growth of between 8 to 9 per cent in order to achieve the goal.
"I think that through recapitalisation and other measures, we really need to ensure that the banking system gets strong enough to be able to begin the process of lending."
India has reduced its poverty rate to 12.4% from the 2011-12 estimate of 21%, according to new data released by World Bank, which identified rural electrification as an important driving factor for everything from greater
New Delhi: Decline in growth rate has bottomed out and there is a probability that the GDP estimate for 2013-14 may be revised upwards, Prime Minister's Economic Advisory Council Chairman (PMEAC) C Rangarajan said on
Mumbai: A fall in vegetable prices is likely to ease headline inflation and retail inflation to 6.5 per cent and 9.20 per cent respectively in December, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan
Hyderabad, Aug 12: India's huge gold imports in the last financial year at USD 60 billion was partially responsible to high current account deficit, Prime Minister's Economic Advisory Council Chairman C Rangarajan has said.According to
New Delhi, May 16: As the rupee hit its record low level of Rs 54.46 against dollar, the Finance Ministry today said there was no need to panic and the slide would be contained when
Kochi, Nov 9: Prime Minister's Economic Advisory Council Chairman C Rangarajan on Tuesday said inflation, a matter of concern, may come down to 7 per cent by March 2012.There could be a significant easing of
Kochi, Nov 9: Prime Minister's Economic Advisory Council Chairman C Rangarajan on Tuesday said India was under the grip of high inflation and deregulation of petroleum prices could further push up prices.The domestic retail prices
Chennai, Nov 5: Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan today pitched for freeing diesel prices but suggested that it should be done when inflation starts declining.“Diesel is like any other commodity and
New Delhi, Sept 29: Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan on Thursday said the government is likely to miss the fiscal deficit target of 4.6 per cent for the current fiscal as
Top News
Latest News
