-PTI Describing the current economic situation as a difficult one, Prime Minister Manmohan Singh on Thursday hinted at tough decisions like hike in energy prices and reduction of subsidies to achieve the growth target of 8 per cent in the 12th Five Year Plan. Inaugurating the National Development Council (NDC) meeting, Dr. Singh cautioned that “business as usual” policies will not be sufficient to achieve the scaled down growth target of 8...

-Outlook The Planning Commission today projected 8 per cent economic growth for the 12th Plan, but cautioned that "policy logjam" could slow the expansion to even as low as 5-5.5 per cent during the five year period. Moving away from previous practice of presenting single growth projection, the Planning Commission has come out with three different economic scenarios for 12th Five-Year Plan. "Growth outcomes will depend upon the extent to which we are...

-PTI The Planning Commission has set a target for the Indian pharmaceutical industry to reach USD 100 billion by 2020 and account for 5 per cent share of the global drug industry in the next five years. According to the final draft for 12th Five Year Plan (2012-17) by the panel, the objective of the sector will be to cross the USD 60 billion mark in 2017, which will be 5 per...

-The Hindu To address the rights issue and the skewed sex ratio, girl child-friendly policies get an extra thrust in the 12 Plan document, to be approved formally by this month-end The 12 Plan document of the Planning Commission, to be formally approved this month-end, has recommended setting up of a high level inter-ministerial committee on ‘Care and Protection of the Girl Child’ which will constitute the institutional mechanism for mobilising and...

-The Hindu THE SUNDAY STORY In 2007, energy sector (including power, transport, residential electricity was responsible for 58 per cent of emissions, industry for 22 per cent and agriculture, 17 per cent. After focussing on the international climate change negotiations in Doha earlier this month, the spotlight is shifting back to the domestic scene. India can point the finger at the failure of rich countries to check the growth of their greenhouse...