This ad will auto close in 10 seconds

Expected RBI to wait till April for rate cut: Rangarajan

Surprised over the timing of RBI's rate cut, former central bank governor C Rangarajan on Wednesday said the Union Budget was not a good enough trigger for easing of rates and he had expected RBI to wait till next month.

'BRICS bank's bonds must have liquidity for realisation'

Former RBI Governor C Rangarajan on Wednesday said the bonds to be floated by the New Development Bank promoted by the BRICS countries should have liquidity to ensure their easy realisation.

Oil Ministry wants revenue sharing for future oil contracts

Seeking to revive interest in oil and gas exploration by simplifying rules, the Oil Ministry is looking at replacing the controversial Production Sharing Contracts (PSC) with simpler revenue-sharing regime.

Economic growth to pick up to 5.5-6% this fiscal: Rangarajan

The Indian economy grew 4.7 percent in the third quarter of this financial year on improved performance in the agriculture and services sectors.

Rangarajan differs with RBI on inflation projection

According to Rangarajan, the whole (monetary) policy has focused on price stability and that is the right approach.

FM meets Rangarajan, Montek amid rupee breaching 64 mark

With the rupee breaching the 64 to a dollar mark intra-day, Finance Minister P Chidambaram Tuesday held a meeting with top government functionaries, including Prime Minister's key economic advisor C Rangarajan.

RBI's status quo influenced by external factors: Rangarajan

Reserve Bank's decision to maintain a status quo on interest rates has been influenced by external sector considerations, specially widening current account deficit, Chairman of Prime Minister's Economic Advisory Council, C Rangarajan, said.

Gold demand may come down with decline in inflation: Rangarajan

Gold demand is likely to fall as easing of general inflation rate will make investment in financial products more attractive than the yellow metal, PMEAC Chairman C Rangarajan said on Wednesday.

Rate cut measured response to current eco situation: Rangarajan

The overall inflation in March fell to 5.96 percent.

Ministries oppose Rangarajan gas price

Rangarajan panel recommendation of pricing natural gas at an average of international gas hub prices has not found favour with user ministries of power and fertiliser as well as the finance ministry.

India's current account deficit to show improvement in fourth quarter: Rangarajan

The current financial year, Rangarajan hoped, would end with a CAD of little over 5 percent.

Budget measures will help in 6.5% economic growth: Rangarajan

Prime Minister's Economic Advisory Council (PMEAC) Chairman C Rangarajan Thursday said all the measures proposed in the Budget for 2013-14 taken together will help the country register a growth of 6.5 percent in the next fiscal year.

Oil Min may take gas pricing issue to CCEA or EGoM

The Oil Ministry may take the Rangarajan panel recommendation of mandating a price of about USD 8-8.5 for natural gas, produced by companies like Reliance Industries, to CCEA or EGoM for approval.

Rangarajan sees growth improving in coming quarters

Not unduly worried about 0.1 percent contraction in industrial output, Prime Minister's key economic adviser C Rangarajan on Friday said the situation would improve in the coming quarters and the fiscal would end with a growth rate of 5.7 percent.

Economy to grow by 5.5-6% this fiscal: Rangarajan

The economy would grow at 5.5 percent to six percent this fiscal and would rise by around one percent next year, the prime minister's Economic Advisory Council Chairman C. Rangarajan said here Wednesday.

Rangarajan pitches for higher taxes for super rich

Pitching for higher rates of taxes for super rich, Prime Minister's economic advisor C Rangarajan has said that the forthcoming budget could look at imposing surcharge on income above a threshold.

CAD to be at 4.2% level in 2012-13: Rangarajan

The current account deficit is likely to be around the last year's level of 4.2 percent of the GDP for 2012-13 fiscal, Prime Minister's Economic Advisor Council Chairman C Rangarajan said on Wednesday.

Rangarajan panel report on oil, gas pricing in Dec first week

The Prime Minister-appointed Rangarajan Committee is likely to present in the first week of December its report on changes in the present regime governing oil and gas exploration contracts as well as gas pricing.

Bringing down inflation will check gold import: Rangarajan

"It is always true that whenever inflation remains high, then there will be a lot more investments in land and also in gold. That is why, I think, we should act very quickly to bring the inflation down," Rangarajan said here.

Need $70 bn inflows per year to bring CAD to 2.3%: Rangarajan

India needs net capital inflows of up to USD 70 billion annually for the next five years to bring Current Account Deficit (CAD) down to 2.3 percent of GDP, Prime Minister's Economic Advisor C Rangarajan said Wednesday.