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RBI to keep monetary policy tight till rupee stabilises: PMEAC

New Delhi: The Reserve Bank must continue its tight monetary policy until stability in the rupee value is achieved, Prime Minister's key economic advisor C Rangarajan said. "The current stance of monetary policy has to continue until stability in the ...

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 ...

Economy to grow at 6.4 per cent in FY 2014: PMEAC

The Prime Minister's Economic Advisory Council (PMEAC) has estimated that the GDP growth rate for FY 2014 would be 6.4 per cent. The Council has estimated that manufacturing growth would be much better in FY 2014 then 2013. Speaking to ...