Raising key rates to help contain inflation: Montek

Planning Commission Tuesday endorsed RBI`s hawkish policy of hiking key rates by half a percentage point saying this would contain inflation.

Mid-term appraisal report of the 11th plan by December-end

The new Planning Commission is preparing to submit its report on the mid-term appraisal of the 11th Plan (2007-12) by end of the year, Planning Commission Deputy Chairman Montek Singh Ahluwalia said on Saturday.

Drought may prevent 7% growth this year: Montek

Drought may prevent India from achieving seven percent growth this year but a reasonable 6-6.5 percent economic expansion is more likely, Planning Commission Deputy Chairman MS Ahluwalia said on Saturday.