Montek likely to assume charge on July 1
New Delhi: Dr Montek Singh Ahluwalia, Deputy Chairman-designate of Planning Commission, has resigned as a Director from the International Monetary Fund and is likely to assume charge from July 1. Ahulwalia was appointed the Deputy Chairman of the Commission on June 16. The Planning Commission Deputy Chairman enjoys Cabinet rank and is normally a special invitee to the Cabinet meeting.

Commenting on the eight per cent economic growth achieved last year, Ahluwalia said "the economic growth of 8 per cent was only for the last year while in the years preceding that, it hovered around four to five per cent and the average for the last five years must be less than six per cent." Asked whether 8 per cent economic growth was achievable, he said the range between 7 to 8 per cent as outlined in the CMP is the "correct range" and can be achieved.
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