PlanComm, PMEAC members to put in papers tomorrow

Tags: News
Members of the Planning Commission and Prime Minister's Economic Advisory Council (PMEAC) are expected to submit their resignation tomorrow to Prime Minister Manmohan Singh.

"The Planing Commission Deputy Chairman along with its members and the PMEAC members may put in their papers on Saturday," a officials said.

According to sources, the PMEAC members and Planning Commission's members are expected to resign before meeting of the Union Cabinet scheduled tomorrow.

Besides deputy chairman of the Commission Montek Singh Ahluwalia, the full time members of panel are B K Chaturvedi, Saumitra Chaudhuri, Syeda Hameed, Narendra Jadhav, Abhijit Sen, Mihir Shah, K Kasturirangan and Arun Maira.

This Commission has drafted the 12th Five Year Plan (2012-17) which envisages an annual average economic growth of 8 per cent during the policy period.

However the economic growth was recorded at 4.5 per cent in the first year of 12th Plan. It is estimated to be 4.9 per cent in 2013-14, the second of the policy period. The economic growth is expected be 5.5 per cent during this fiscal.

As per the practice all members of the Commission submit their resignations to the Prime Minister who is the head of the institution.

The members of the PMEAC which is headed by noted economist C Rangarajan are Saumitra Chaudhuri, V S Vyas, Pulin B Nayak, Dilip M Nachane.

PMEAC was involved in preparation of various reports, including the one on gas pricing.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • India would have done well not to supress the 'Bofors interview'

    Bofors is one case that refuses to go away two-and-half decades after it grabbed public attention and became a byword for political corruption, claimi

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Varun Dutt

Biogas Potential in India

Biogas is a form of renewable energy produced from organic ...

Zehra Naqvi

Dignity of labour is dignity of life

M Rafi Khan, a retired police IG, used to ...

Gautam Gupta

Retailers have it tough, thanks to e-commerce

For the past few months our focus has been on ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture