Montek Singh Ahluwalia

Realty Players Seek More Monetary Measures

Realty Players Seek More Monetary MeasuresIndian real estate firms demanded more monetary measures by government to increase demand in reality sector. Developers urged government to restructure debt and cut in interest rates to push growth rate of home segment. A team of reality firms, headed by National Real Estate development Council (NAREDCO) President, Rohtas Goel met Planning Commission Deputy Chairman, Montek Singh Ahluwalia and apprised him about the demands of developers.

Center Announces Rs 30,700-Cr Financial Package

Center Announces Rs 30,700-Cr Financial PackageThe union government has announced Rs 30,700-crore package to propel economic growth of country. The move is aimed to increase local demand in various economic segments including housing, automobile, export and various labor incentive industries.

The package came just a day after revision of key interest rates by reserve bank. It would help to mitigate the impact of global slowdown on Indian economy.

Government trying to build up a WHO program for infrastructure: Montek

Government trying to build up a WHO program for infrastructure: MontekNew Delhi, Dec. 7 : Immediately after announcing a stimulus package for the Indian economy, the Deputy Chairman of the Planning Commission, Montek Singh Alhuwalia, said on Sunday that the Central Government is trying to build up a WHO program for the country’s infrastructure sector.

Plan panel visit to Pak called off

Montek Singh AhluwaliaThe Planning Commission of India called off a visit of its officials to Pakistan last Friday in the wake of the growing tension between the two countries.

The high-level team was all set to visit Pakistan to prepare the ground and finalise dates for plan panel deputy chairman Montek Singh Ahluwalia's trip to take the bilateral planning process forward.

The team, headed by secretary, planning, Subhas Pani was scheduled to visit Pakistan last Friday but was asked by the external affairs ministry to call it off at the last minute following the attack on Mumbai.

Planning commission is optimistic to achieve 7 per cent growth rate

Montek Singh AhluwaliaThe Planning Commission of India is optimistic to achieve 7 per cent growth rate in the current fiscal despite global slowdown. It wants more investment in public sector infrastructure to boost demand at local level. Planning Commission deputy chairman, Montek Singh Ahluwalia said that the commission would recommend more investment in public sector infrastructure projects as private investors are reluctant to invest due to fears of further slowdown. He was speaking at the Economic Editors' conference held in New Delhi.

India Plans to Increase Investment in Infrastructure

India Plans to Increase Investment in Infrastructure

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