Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Montek admits Plan panel went wrong on inflation projection

Montek admits Plan panel went wrong on inflation projection

Share this article Share this article
published Published on Nov 20, 2011   modified Modified on Nov 20, 2011

-PTI

Planning Commission deputy chairman Montek Singh Ahluwalia on Sunday conceded that he went wrong while projecting moderation in inflation which remains near the double-digit mark.

"It is true that we were hoping that this (moderation in inflation) will happen earlier, to that extent our credibility becomes a question," he told in a interview for CNN-IBN's TV programme 'Devil's Advocate' when asked why government's repeated projections on inflation proved false.

"You should recognise that short-term forecast is subject to error," he said. He, however, asserted inflation would moderate to 7-7.5 per cent by March, 2012.

Headline inflation has remained over nine per cent for several months and was 9.73 per cent in October. The food inflation stood at 10.63 per cent for the week ended November 5.

Inflation has remained stubbornly high despite repeated assurances by several government functionaries that it would moderate.

Responding to criticism of India Inc that there was a policy paralysis in the government, Ahluwalia said, "Industry has been a lot more focused on decisions that are holding up infrastructure projects, and not the (financial) reforms".

The government, he said, "is keen to push (reforms) ahead but needs to develop political consensus and if the measures like GST, DTC and other reforms are delayed, that does not mean that they wound not happen."


The Times of India, 20 November, 2011, http://timesofindia.indiatimes.com/business/india-business/Montek-admits-Plan-panel-went-wrong-on-inflation-projection/articleshow/10801498.cms


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close