Montek Singh Ahluwalia

The veteran economist said that the ultimate responsibility of regulating a PSB, including removing the Chairman, if necessary, should rest with the RBI, as is the case with private banks.

Changing the rules to an exemption-free income tax regime would be a bad policy: Montek Singh Ahluwalia

Such a change could create an assumption that the fiscal system can do whatever it likes, whenever it likes, Montek Singh Ahluwalia tells Moneycontrol.

Are we going to continue a food subsidy that extends to 66 percent of the population? Questions Montek Singh Ahluwalia

Instead, food and fertilizer subsidies should be converted into cash transfers, Montek Singh Ahluwalia tells Moneycontrol.

Rising currency is an “absurd outcome” for a country that is running current account deficit: Montek Singh Ahluwalia

The former planning commission deputy chairman says a rising currency is an “absurd outcome” for a country that is running a current account deficit.

India to grow faster than DMs, EMs but must target higher: Montek Singh Ahluwalia

India’s economy is poised to be the fastest growing major economy this year in a world that is slowing amid a coordinated monetary tightening globally

Finance Minister Nirmala Sitharaman has one of the toughest jobs in the world, says Montek Singh Ahluwalia

The transition to 8 percent growth is not going to be possible unless India retains the sensible view that it needs to continue to open and integrate with the world, Ahluwalia says

Unrealistic to assume India will record sustained growth of 8%, says Montek Singh Ahluwalia

Participating in a panel discussion organised by the Centre for Social and Economic Progress (CSEP), he said India's annual per capita income is around USD 2,000 and it is unlikely that it would increase to USD 12,000 by 2047 to become a high-income country as per the World Bank's definition.

RBI’s growth estimate ‘exaggerated’ as it fails to reflect state of informal sector: Montek Singh Ahluwalia

Montek Singh Ahluwalia lauded export growth of 64.4 percent but said that there are concerns on whether it will continue into the rest of the year as shortages of containers has led to a sharp rise in transport costs which could weaken performance.

Tata Group better corporate for handing over Air India, says Montek Singh Ahluwalia

Tata Sons has emerged as the top bidder for the takeover of the state-run airline but the bid is yet to be approved by a group of ministers headed by Home Minister Amit Shah.

Import tariff needs to be brought down by 50% to achieve competitiveness: Montek Ahluwalia

Montek Singh Ahluwalia was speaking at a webinar on "improving India''s competitiveness for inclusive economic growth" by CUTS International

Book review: Montek Singh Ahluwalia's 'Backstage' gives an insider's take on India's reform years

Ahluwalia proves to be an able communicator, proving himself adept at clinical, concise, accessible and vivid writing. This is a difficult feat to do, given that his subject is, for the most part, economic policy.

Not in favour of big bang but gradual reforms: Montek Singh Ahluwalia

The last vice chairman of erstwhile avtar of NITI Aayog advised the government that it should not move towards protectionism by raising customs duty and other measures.

Montek Singh Ahluwalia calls for rewriting of FRBM Act, PPP law to tap finances

Ahluwalia was addressing a workshop organised by the finance department of Madhya Pradesh on 'Alternative Finance for Projects' at the Minto Hall here.

Should I quit: Manmohan asked me after Rahul ordinance episode, says Montek

In a major embarrassment to his own government, Rahul had denounced the controversial ordinance brought by the UPA dispensation to negate a Supreme Court verdict on convicted lawmakers.

Necessary for govt to hear voices of protest: Montek Singh Ahluwalia

Ahluwalia, who served as one of India's senior economic policymakers for three decades, makes these observations in his latest book "Backstage: The Story behind India's High Growth Years" which traverses the politics, personalities, events and crises in the country's recent history.

Fixing banking system crucial for GDP growth, says Montek Singh Ahluwalia

He added that he was in favour of raising petrol prices and said the government should have taken this step to bring the deficit down.

RBI autonomy important, retain its special status: Montek

Earlier, the issue of RBI's autonomy was raised by Nobel laureate Amartya Sen and former governors Y V Reddy and Bimal Jalan. RBI union too expressed concerns over dilution of central bank's autonomy over the way demonetisation issue has been handled by the Finance Ministry.

RBI must be autonomous, but also accountable: Ahluwalia

Speaking to CNBC-TV18 note economist Montek Singh Ahluwalia said that central banks need to have credibility. The impact of a central bank in people‘s minds depends on this credibility.

Note ban may pull down GDP to 5% this fiscal: Ahluwalia

The demonetisation drive has disrupted the "underlying strength" of the economy, which is likely to see up to 2 percent fall in growth at around 5 percent, former deputy chairman of the erstwhile Planning Commission Montek Singh Ahluwalia said.

PM to take stock of economy at meet with experts today

Prime Minister Narendra Modi will take stock of the economy with experts at NITI Aayog tomorrow against the backdrop of currency crunch post demonetisation and discuss ways to speed up growth.

Demonetisation to pull down GDP growth: Montek Singh Ahluwalia

"The (economic) growth rate is going to be adversely affected. There is no question on that. Somewhere between one to two per cent," Ahluwalia said in an interview on TV channel India Today.

Model code to delay spectrum trading by 3-4 months: Montek

Presently, government allocates spectrum to telecom firms on the basis of auction. Once the trading is permitted, the companies will be able to sell spectrum to the other telecom license holders.

New govt needs to revive investments, boost growth: Montek

Ahluwalia said, "...new government must take on the fact that large infrastructure projects in critical areas have got stuck. "We have started a mechanism that can work. I would hope that the new government will recognise that this is a very crucial area."