No more tax breaks before budget: Ahluwalia

October 5th, 2009 NEW DELHI - Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, on Monday said that India's Gross Domestic Product (GDP) is expected to grow at a rate 6.3 per cent during this financial year. Ahluwalia said this on the sidelines of the launch of the United Nations Development Programme's (UNDP) 2009 Human Development Report in the national capital.

October 5th, 2009 NEW DELHI - India's economy will grow at 6.3 percent this fiscal as per prediction, while inflation would remain under 5 percent, according to Planning Commission Deputy Chairman Montek Singh Ahluwalia. "The GDP (gross domestic product) would be at 6.3 percent by the end of this fiscal, as predicted, but could be even better given the signs of economic recovery," Ahluwalia said here Monday.

October 5th, 2009 NEW DELHI - A senior government official Monday questioned the veracity of the latest United Nations' Human Development Index, where India has been ranked 134. I would suggest the UNDP (United Nations Development Programme) to also look at how the report is perceived around the world.

August 24th, 2009 Indo-ASIAN NEWS SERVICE NEW DELHI - India's fiscal deficit this year will not exceed 6.8 percent, Planning Commission Deputy Chairperson Montek Singh Ahluwalia said here Monday. "Deficit will not be more than 6.8 percent in the current fiscal,” Ahluwalia told reporters here.

July 21st, 2009 NEW DELHI - India's corporate sector does not need any more stimulus packages, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Tuesday. "The budget includes very significant boost in plan expenditure and investment.

July 21st, 2009 NEW DELHI - The Deputy Chairman of the Planning Commission, Montek Ahluwalia, on Tuesday said that since the budget has given a substantial boost to a slowing economy, there won't be any more stimulus packages for industry. "The Budget includes a very stringent boost, plan expenditure and investment.

July 15th, 2009 NEW DELHI - The Bharatiya Janata Party's S.S. Ahluwalia is usually known for his booming interventions on a variety of issues in the Rajya Sabha.

July 14th, 2009 NEW DELHI - The government is determined to bring the fiscal deficit under control, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Tuesday. Addressing economists at a seminar organised by the India Policy Forum, he said the fiscal stimulus provided by the government had put a burden on the deficit but the package was necessary in the given economic scenario.

July 8th, 2009 NEW DELHI - A mid-term review of the 11th Five-Year Plan (2007-12) will be conducted before the presentation of the budget for fiscal 2010-11, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here Wednesday. "I am hopeful that the next budget will address the shortcomings of the mid-term review," Ahluwalia told reporters after the commission's first meeting since the United Progressive Alliance (UPA) government assumed power for a second term.

June 8th, 2009 NEW DELHI - The government has the scope to raise funds by selling shares in state-run firms even as subsidies need to be recast to benefit the needy, Montek Singh Ahluwalia said Monday, taking over as deputy chairman of the Planning Commission for a second successive term. "There is scope to raise significant resources through selling government stakes in the state-run companies," Ahluwalia told reporters at his first press conference after he was named the deputy chief of the plan panel.

May 3rd, 2009 KOLKATA - The Bharatiya Janata Party (BJP) Sunday accused Trinamool Congress chief Mamata Banerjee of indulging in shadow-boxing against West Bengal's ruling Left Front in the company of the Congress. Referring to Prime Minister Manmohan Singh's media interviews in which he has said that the Congress was open to a post-poll alliance with the Left, BJP national spokesperson S.S.

April 7th, 2009 NEW DELHI - India should have more fiscal stimulus measures to help the economy weather the global slowdown, Planning Commission Deputy Chairperson Montek Singh Ahluwalia said here Tuesday. 'We should have more fiscal stimulus measures.

March 28th, 2009 NEW DELHI - Deputy Chairman of Planning Commission Montek Singh Ahluwalia has acknowledged the need for another stimulus package for reviving the economy in next fiscal. Talking to the reporters on the sidelines of a function in New Delhi today to mark the release of a report on Competition and Regulation in India, Ahluwalia revealed that this could be considered in the budget after the General Elections.

March 27th, 2009 NEW DELHI - The Indian economy will log a growth of less than 7 percent this fiscal with 2009 turning 'significantly worse' as the current economic crisis was unlikely to end soon, Planning Commission Deputy Chairman Montek Singh Ahluwalia said Friday. 'The world is going through the worst crisis in 60 years,' Ahluwalia told the national conference and annual session of the Confederation of Indian Industry (CII) at the Taj Palace Hotel here.

February 15th, 2009 NEW DELHI - Reacting to criticisms over lack of measures in the interim budget presented Monday, Planning Commission Deputy Chairman Montek Singh Ahluwalia said in an election year, an incumbent government had the mandate only to present a vote on account. 'I think this is a failure to understand the limitations of an interim budget,' Ahluwalia said, soon after industry and average citizens complained that the interim budget tabled in parliament by External Affairs Minister Pranab Mukherjee had no specific measures on tax rates or to help cushion the impact of global slowdown.