Panagariya also stressed that India must continue the liberalisation of its top tariff rates and the country should not revert back to import substitution.
Government has targeted to garner about Rs 56,500 crore through selling its stake in PSUs.
India economy clocked a five-year high growth rate of 7.6 per cent in 2015-16.
He said, clothing, footwear and electronic sectors are large job creators and need big reforms.
Status to enable Arvind Panagariya to attend Cabinet meetings.
The 14-member task-force will develop a working definition of poverty.
Does IAS officers' work go unappreciated, asks Ajit Balakrishnan.
Panagariya has advocated a more liberalised spending, arguing that greater capital expenditure could relax some of the infrastructure bottlenecks facing the country.
Even if the new body focuses on long-term planning, it is unlikely to do so through five-year Plans.
India should take 'measured approach' with stimulus packages to deal with COVID-19 by limiting interventions to the provision of food, shelter and basic necessities of life for all; forbearance on payments of outstanding loans; and extra provision of working capital including what will be necessary to cover outstanding wages from lockdown period to enterprises.
The Prime Minister expressed serious concern over the issue of call drops and asked officials as to what steps are being taken to address this problem.
Reliance Industries raced to 52-week high on better than estimated earnings and announcement of bonus share.
'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.
The NITI Aayog's vice-chairman's charge holds ground.
To mark Prime Minister Modi's seventh meeting with Obama and his historic joint address to US Congress -- the sixth Indian PM to do so -- India Abroad, the newspaper published from New York and owned by rediff.com, reached out to diplomats and strategic thinkers in New Delhi and Washington, DC, to assess the current state of the US-India relationship and suggest a road map for the future.
Piyush Goyal, who held the post of finance minister when Arun Jaitley was undergoing treatment, told the Confederation of Indian Industry's annual session: "All stakeholders, including the RBI, should introspect on their respective roles (on low economic growth)."
India's current growth rate is 7.5 per cent.
India has adopted a bilateral strategies with its immediate neighbouring countries for mutual benefits
The Reserve Bank of India, in its Second Bi-Monthly Monetary Policy Statement for 2014-15, kept the key interest rate unchanged at 8 per cent.
7 million jobs will be created in formal sector in FY18
Tamil Nadu, the best-performing state, managed to do this in 63 days. Land allotment took 156 days nationally and 28 days in Himachal Pradesh. Environmental approval took 91 days nationally and 25 days in Chhattisgarh.
This kind of growth will turn India into a $8 trillion economy.
The RBI cut the rate several times last year to reduce it by 125 basis points to the current 6.75 percent.
In December, govt had lowered its growth forecast for 2015-16 to 7-7.5%
Prime Minister Narendra Modi has blamed private sector of still being stuck with "legacy issues" like tax terrorism and selective exemption.
India moving in right direction on GST, says Panagariya.
"Demonetisation sends a very, very strong signal that the days when the central government was complacent are over. If you misbehave, it will be seen that you pay for it," Panagariya said.
For the first time the government is organising an event where consolidated efforts would be made to help start-ups.
At the first meeting of Governing Council of NITI Aayog on Sunday, Prime Minister Narendra Modi will seek views of Chief Ministers.
In the first meeting of NITI Aayog on Friday, Prime Minister Narendra Modi will interact with eminent economists and experts across sectors along with the existing members of the newly constituted body.
Modi to push for low transaction cost for remittances at G20
'What the government should do to create jobs is to help revive the MSME sector.' 'This sector gives employment to lakhs of people.' 'The MSME sector provides more employment than the big industries.' 'So, what should be done immediately is to revive the MSME sector.'
The rapid deceleration in prices has ignited a debate in New Delhi whether Asia's third-largest economy is heading towards deflation.
The highest number of jobs were created in the age group of 18-21 at 1.29 million, followed by 22-25 years of age at 1.12 million during these seven months.
Out of the total amount, Rs 17,359.77 crore is aircraft loan, while Rs 31,517.04 crore is working capital loan.
Modi will also need to reconcile market demands with those from forces within his own administration
Hectic preparations are on at the newly-formed Niti Aayog to welcome the first Vice-Chairman Arvind Panagariya and other members whose appointments were approved by Prime Minister Narendra Modi on Monday.
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Indian-American economist Arvind Panagariya has said that he is "honoured" to be appointed by Prime Minister Narendra Modi as the first Vice Chairman of the newly created NITI Aayog, which replaces the 65-year-old Planning Commission.
'It is like an island of excellence'.
NITI is trying to partner with other knowledge institutions.
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