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Rangarajan panel report on poverty on July 1

Noted economist C. Rangarajan-led expert group, set up to review the methodology for estimating poverty, will on July 1 submit its report that is expected to clear the ambiguity over the number of poor in the country. "We will submit ...

Need to fix anomalies in Ranga formula before revising rates: Goyal

Days after the government put off natural gas prices hike by three months, Power & Coal Minister Piyush Goyal said there were anomalies in the proposed formula which needed to be fixed before revising rates. Goyal, who was part of ...

PM's Economic Advisory Council lowers GDP forecast to 5.3%

The Prime Minister's Economic Advisory Council (PMEAC) has lowered its GDP forecast to 5.3% for the current year, in line with revision of estimates by major FIIs and economists. "The Economy will grow at 5.3 per cent in 2013-14," Prime ...