Kolkata, Dec 25 (ANI): Union Finance Minister Pranab Mukherjee has expressed optimism about the country’s GDP growth for the year 2009-10.
He said this while inaugurating the 23rd Industrial India Trade Fair (IITF) here on Thursday.
Mukherjee predicted that the GDP’s growth for the year 2009-10 could possibly be more than the assessments made by both [...]
New Delhi, Dec 14 (IANS) Finance Minister Pranab Mukherjee Monday said the rise in inflation, primarily due to increase in food prices, was a matter of concern.
‘This is a matter of concern. There is an inflationary pressure, particularly in food items,’ he told reporters.
India’s annual rate of inflation, based on wholesale prices, rose sharply to [...]
New Delhi, Dec 14 (IANS) India’s annual rate of inflation, based on wholesale prices, rose sharply to 4.78 percent in November from 1.34 percent in the previous month, mainly on account of a 16.71 percent jump in prices of food articles.
The annual inflation rate was 8.48 percent during the like month last year.
Data on the [...]
New Delhi, Dec 3 (IANS) India’s annual food inflation based on the official wholesale price index soared to 17.47 percent for the week ended Nov 21 from 15.58 percent a week ago, an official statement said Thursday.
Inflation of primary articles rose to 12.53 percent during the week against 11.04 percent in the previous week.
Onions price [...]
New Delhi, Nov 30 (ANI): Prime Minister’s Economic Advisory Council (PMEAC) anticipates the economy to grow by 6.4 percent as against 7.7 percent in the year ahead. In the first quarter, the economy grew at 6.1 percent as compared to a projected growth of 6.2 percent. Following strong industrial production and service sector activities, the [...]
New Delhi, Nov 26 (IANS) India’s annual food inflation based on the official wholesale price index jumped to 15.58 percent for the week ended Nov 14, as prices of potatoes more than doubled, while onion became dearer by 27 percent over the past 52 weeks.
The food inflation had stood at 14.55 percent for the week [...]
New Delhi, Nov 19 (IANS) India’s annual food inflation, based on wholesale prices, moved up to 14.55 percent for the week ended Nov 7 from 13.68 percent the week before, official data released Thursday showed.
The 52-week average prices of onions were higher by 35 percent and potatoes became costlier by 30.7 percent, according to the [...]
New Delhi, Nov 14 (IANS) India’s annual rate of inflation, based on wholesale prices, rose sharply to 1.34 percent in October from 0.5 percent in the previous month, mainly on account of a 13.32 percent jump in prices of food articles.
Data on the official wholesale price index released Saturday showed that over the past year, [...]
New Delhi, Nov 14 (IANS) India’s annual rate of inflation, based on wholesale prices, rose sharply to 1.34 percent in October from 0.5 percent in the previous month, mainly on account of a 13.32 percent jump in prices of food articles.
Data on the official wholesale price index released Saturday showed that over the past year, [...]
New Delhi, Nov 12 (IANS) India’s annual food inflation, based on wholesale prices, moved up to 13.68 percent for the week ended Oct 31 from 13.39 percent for the week before, as per official data released Thursday.
The 52-week average prices of onions were higher by as much as 33.4 percent and potatoes became costlier by [...]
New Delhi, Nov 8 (IANS) Planning Commission Deputy Chairperson Montek Singh Ahluwalia Sunday said he expected vegetable prices to ease by January.
‘At the end of a bad monsoon, the big pressure is on vegetables. I hope the pressure will come down by the end of this fiscal year,’ Ahluwalia said at the World Economic Forum’s [...]
New Delhi, Nov 5 (IANS) Based on the new guidelines on disclosing the official wholesale price index, India’s annual rate of inflation based for primary articles and fuels stood unaltered at minus 6.2 percent for the week ended Oct 24, official data showed Thursday.
The annual inflation rate for food articles was sharply higher at 13.39 [...]
New Delhi, Oct 30 (IANS) Even though India braved the global financial crisis better than other countries, a meaningful recovery depends on how quickly some key economies turn the corner, Finance Minister Pranab Mukherjee said Friday.
‘By merely generating demand in the domestic economy and exploring markets for exports, it is not possible to have a [...]
New Delhi, Oct 27 (IANS) Finance minister Pranab Mukherjee Tuesday ruled out any roll back of the stimulus package in a hurry and welcomed the stance taken by the central bank in its second quarterly review of the monetary policy.
‘Until the economy is on a firm recovery path, the stimulus will continue,’ Mukherje told reporters [...]
With the Prime Minister’s Economic Advisory Council projecting India’s economic growth at 6.2-6.75 percent for the current fiscal, the question arises whether industrial output will rebound sufficiently to make up for the dismal performance of the farm sector.
The overall economic growth, compared to the 6.7 percent growth last fiscal, looks rosier than earlier anticipated, judging [...]
Hyderabad, Sep 17 (IANS) Indian economy will see ‘definite signs of recovery’ in the second half of the current financial year and will grow between 6 and 6.5 percent in the fiscal, Prime Minister’s Economic Advisory Council chairman C. Rangarajan said here Thursday.
India’s growth rate in 2008-09 was 6.7 percent as compared to 9 [...]
Hyderabad, Sep 17 (IANS) Interests rates may marginally increase towards the end of the current fiscal as the economic situation is improving and demand is picking up, Prime Minister’s Economic Advisory Council Chairman C. Rangarajan said here Thursday.
‘The interest rates may harden a little bit, not very much, towards the end of the fiscal,’ he [...]
New Delhi, Aug 12 (ANI): C. Rangarajan, the chairman of the Prime Minister’s Economic Advisory Council, has asked the government to raise additional resources to provide relief to drought-hit people.
He also asked for an increased import of [...]
New Delhi, Aug.11 (ANI): The Prime Minister’s Economic Advisory Council (EAC) was reconstituted on Tuesday with Dr. C. Rangarajan named as its Chairman.
Other members of the Council are Dr. Saumitra Chaudhuri, (Economic Adviser, ICRA), Dr. Govinda Rao (Director-General, National [...]
