RBI cautious now, 0.25% rate cut likely in September: Rangarajan

Stating that RBI has adopted a cautious approach in keeping rates unchanged, former Governor C Rangarajan Tuesday said the central bank may cut rate by 0.25 basis points by next month if monsoon turns out to be good.

Aug 04, 2015, 19:59 PM IST

Rangarajan panel report on poverty attacked by parties

The Rangarajan Committee, which has suggested a new benchmark for describing poverty, Monday came under sharp attack from political parties, which said it amounted to "mocking at the poor" and makes neither "common sense" nor "economic sense".

Jul 07, 2014, 20:09 PM IST

Rangarajan defends poverty estimates; says meet global norms

Defending his calculation that three out of 10 in India are poor, former PMEAC Chairman C Rangarajan Monday said poverty numbers provided by him are not conservative estimates and they are at par with global standards.

Jul 07, 2014, 20:06 PM IST

Rangarajan panel submits report on poverty to PlanComm

Former PMEAC chief C Rangarajan has submitted the report on Tendulkar Committee methodology for estimating poverty to Planning Minister Rao Inderjit Singh.

Jul 01, 2014, 14:31 PM IST

PMEAC head Rangarajan tenders resignation to PM

"He (Rangarajan) has tendered his resignation. He will be here this month," an official spokesperson of the PMEAC said on Monday.

May 19, 2014, 16:41 PM IST

PMEAC Chairman Rangarajan likely to resign Monday

Chairman of the Prime Minister's economic advisory council C Rangarajan will hand over his resignation to Prime Minister Manmohan Singh on Monday.

May 18, 2014, 12:46 PM IST

PlanComm, PMEAC members to put in papers saturday

Members of the Planning Commission and Prime Minister's Economic Advisory Council (PMEAC) are expected to submit their resignation on Saturday.

May 16, 2014, 18:19 PM IST

Gas price: New govt may have fresh look at Rangarajan formula

The Rangarajan formula that doubles natural gas prices may not be implemented in totality as the new government is likely to fix infirmities in the formulation before accepting it.

Mar 30, 2014, 13:47 PM IST

Economy can grow faster if investments are executed: Rangarajan

India`s economy could grow at an annual rate of as much as 7 percent if large-scale investment projects are implemented quickly, Prime Minister Manmohan Singh`s economic adviser said on Wednesday.

Feb 26, 2014, 18:29 PM IST

CAD to come down to 2% of GDP this fiscal: Rangarajan

India's Current Account Deficit (CAD) is expected to be around two percent of GDP during the current fiscal on the back of slackening imports and increased shipments, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan has said.

Feb 23, 2014, 13:55 PM IST

'Growth rate has bottomed out; may be revised upwards for FY14'

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 Friday.

Feb 08, 2014, 11:24 AM IST

More effort needed to reduce govt subsidies: PMEAC

Rangarajan also said that India will be able to contain the fiscal deficit at 4.8 percent for which higher growth is a must so as to increase government revenues.

Dec 26, 2013, 16:38 PM IST

Inflation may ease to 6.5% in December: Rangarajan

A fall in vegetable prices is likely to ease headline inflation and retail inflation to 6.5 percent and 9.20 percent respectively in December, Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan said on Saturday.

Dec 22, 2013, 16:56 PM IST

Asset quality – the pain hasn’t disappeared yet for PSU Banks

The PMEAC has suggested the government to dilute its stake in PSU banks to 51 percent.

Nov 19, 2013, 12:54 PM IST

Rupee, inflation to weigh on upcoming RBI policy review: PMEAC

"All that I can say is that the RBI, I believe, will take into account the behaviour of inflation as well as what is happening in the foreign exchange market and take a decision," he said on the sidelines of an Assocham organised event here.

Sep 16, 2013, 18:35 PM IST

Excessive regulation can impede fin innovation: Rangarajan

Pitching for a non-restrictive regulation in the financial sector, Prime Minister's key economic advisor C Rangarajan Monday said too many norms can impede financial innovations.

Sep 16, 2013, 14:36 PM IST

Petro price hikes to help meet fiscal deficit target: PMEAC

Hike in prices of diesel and other petroleum products is necessary to contain the fiscal deficit at 4.8 percent of the GDP, Prime Minister's key Economic Advisor C Rangarajan said on Friday.

Sep 13, 2013, 20:17 PM IST

'India may have draw $9 bn from forex kitty to finance CAD'

India may have to draw about USD USD 9 billion from its foreign exchange reserves to finance current account deficit this year, PMEAC Chairman C Rangarajan said on Friday, while pitching for promoting foreign investment and exports to deal with problem in the long run.

Sep 13, 2013, 18:08 PM IST

Economists disapprove of PMEAC's Economic Outlook

Prime Minister's key economic advisor C Rangarajan today lowered the growth forecast for the current fiscal to 5.3 percent from 6.4 percent projected earlier.

Sep 13, 2013, 17:56 PM IST

PMEAC pegs farm growth at 4.8% in FY'14 on good monsoon

Prime Minister's key economic advisor C Rangarajan on Friday pegged agriculture growth at 4.8 percent for the current fiscal on expectation of a record foodgrains, pulses and cotton production buoyed by good rains.

Sep 13, 2013, 16:22 PM IST