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 | Constitutional body may be set up for cap grants: AB Group | | published on : 09-19-2014 | | Category : University Grant Commission | | igh inflation and growth momentum are the two key concerns plaguing the Indian economy. Growth momentum, at the moment, needs to be observed on a month-on-month and a quarter-on-quarter basis, says Ajit Ranade, Chief Economist at Aditya Birla Group. He believes the momentum is in the right direction, though it is a little slow. According to him, Prime Minister Narendra Modi’s comment in his maiden Independence Day speech on 'many government's within one government' assumes significance because if the prime minister can tackle this menace then decision-making will take lesser time. Also Read: Planning Comm can be replaced by Productivity Comm: NIPFP On scrapping the Planning Commission, Ranade says talks of revamping the Commission had been on since 1990s. The Planning Commission in its latest form had become just a de-facto Budget allocator, he adds, which was not the original idea. He believes that a separate constitutional body may be set up for capital grants. Ranade says inflation continues to be the central challenge for macro policy.
Read more at: http://www.moneycontrol.com/news/economy/constitutional-body-may-be-setfor-cap-grants-ab-group_1159227.html?utm_source=ref_article | | Related Keywords : | | growth momentum Chief Economist Planning Commission, |
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