The government has reconstituted the economic advisory council to the Prime Minister( EAC-PM) for a period of two years with Bibek Debroy continuing to head the think tank. Former RBI deputy governor Rakesh Mohan, NCAER director general Poonam Gupta, IIM, Ahmedabad professor TT Ram Mohan has been appointed as new part time members, while V Anantha Nageswaran has been dropped. The other part-time members of the Council include J P Morgan chief India economist Sajjid Chenoy, head of Asia Pacific S

Now that core inflation is at the upper end of the band, and that the US has started tapering its bond purchases, India's monetary policy should think about raising interest rates.“ The heavy lifting, now, remains to be done at the fiscal level.... But the process should not be too quick, he added.... Such rapid tightening of fiscal policy has in the past choked the growth potential of advanced economies. Mundle critically mentioned that while sustained expenditure will solve the growth proble

Economic growth in the three months through December was much higher than most estimates due to a sharp fall in key subsidies which provided a boost to GDP, two government officials said.... " The wide divergence between the GVA and GDP in the October-December quarter was mainly due to a sharp fall in subsidies in that quarter largely because of lower payouts on fertilizer subsidies like Urea," a senior government official said on Friday.... Government data showed fertiliser subsidies in the O

NEW DELHI-Indian political parties are increasingly targeting women voters with fiscally draining handouts of cash around the time of elections to counter wider worries about inflation and the lack of jobs, analysts say.A greater turnout of women voters in the past decade has reversed a trend of men easily outnumbering women.... Political parties have competed to attract them, even as inflation hit a 14-month peak in October and unemployment stays high, at 8.9 per cent. Regional governments run