India needs decisive govt for next decade: Rangarajan

Dr C Rangarajan, chairman of Prime Minister`s Economic Advisory Council, today said that India needed a decisive government as the next decade will be crucial for the country.

Vohra, Rangarajan discuss employment plan for J&K

In a bid to generate jobs for youths
in J&K, Governor NN Vohra Thursday discussed the formulation of an employment plan with eminent economist C Rangarajan to deal with unemployment problem in the state.

Inflation may come down to 7% by March-end: Rangarajan

Amid projection that inflation could touch the double-digit mark, the Prime Minister`s advisory panel on Thursday said it could fall to 7 per cent by fiscal-end.

Monetary actions warranted to curb inflation: Rangarajan

Rising inflationary pressures, primarily from food items, warrants monetary policy actions besides fiscal steps, Prime Minister`s Economic Advisory Council Chairman, C Rangarajan on Tuesday said.

Some liquidity tightening needed: Rangarajan

An adjustment in Indian policy interest rates is not warranted at the moment but liquidity tightening may be needed, Prime Minister`s Economic adviser C. Rangarajan said on Tuesday.

Economy to grow 8 percent in 2010-11: Rangarajan

The economy will expand 8 percent in 2010-11 after growing between 7 and 7.5 percent in the current fiscal, Prime Minister`s Economic Adviser said.

Economy to grow by 7.75%: Rangarajan

PMEAC Chairman C Rangarajan said economy will grow despite poor performance in agriculture sector.

RBI can increase interest rate to tame price rise: Rangarajan

The Prime Minister’s Economic Advisory Council chairman, C Rangarajan, on Monday suggested that the Reserve Bank of India could reduce money supply and raise the interest rate to tame the rising prices of food articles.

Food prices must be reined in: Rangarajan

The Prime Minister`s economic panel on Thursday voiced the need to control food inflation from the current 17 percent level to check an upward spiral in manufacturing inflation.

Rangarajan calls for divestment roadmap

The Prime Minister`s Economic Advisory Council (PMEAC) Chairman C Rangarajan on Wednesday said the government should draw up a roadmap for divesting its stake in
state-run companies.

Next fiscal right time for stimulus withdrawal: PMEAC

The "most appropriate" timing for a gradual rollback of the fiscal stimulus package would be the next financial year, Chairman of the Prime Minister`s Economic Advisory Council C Rangarajan said on Wednesday.

Stimulus packages to be withdrawn slowly: Rangarajan

The Prime Minister’s economic panel on Thursday said the government and the RBI will have to slowly withdraw the stimulus packages given during the slowdown once the economy begins to show surer signs of recovery.

Interest rates may not rise sharply: Rangarajan

The government`s high borrowings may not push up interest rates sharply towards the end of this year and are likely to hover around the current levels, Prime
Minister`s Economic Advisory Council chairman C Rangarajan said.

Economy to grow at 7-8% next financial year: C Rangarajan

The economy is expected to grow between 7-8 percent in the 2010-11 fiscal year, a top policy adviser said on Tuesday.

Govt borrowing could "crowd out" capital: Rangarajan

Former Reserve Bank Governor C Rangarajan has said the massive borrowing programme of the government would have implications for the corporate world in the next fiscal and might lead to "crowding out" of capital from the market.