Making India a developed nation by 2047 is an ambition of every Indian, and states can play an active role in achieving this aim as they are directly connected with the people, Prime Minister Narendra Modi said on Saturday. Modi is chairing the 9th Governing Council meeting of NITI Aayog.
'The West Asia or the Gulf crisis has shown that what we develop as national infrastructure when things are not as bad as they could be, we forget to plan for adversities.'
India is already a heavyweight in global farm trade in pockets such as rice exports, but experts are urging a pivot from a subsidy- and procurement-driven mindset to a productivity and nutrition strategy that still shields farmers from volatility.
The food delivery platform sector in India employed 1.37 million workers in the financial year 2023-24 (FY24) and is growing at a compound annual growth rate (CAGR) of 12.3 per cent, estimates a new report released by the Delhi-based think tank National Council of Applied Economic Research (NCAER).
Jammu and Kashmir Chief Minister Omar Abdullah has stated that the conversation regarding the restoration of statehood to Jammu and Kashmir has not been stalled. He claims the issue was raised at the recent NITI Aayog governing council meeting, and the formal speech distributed at the meeting includes a mention of the return of statehood. Abdullah also addressed concerns about the impact of the Pahalgam terror attack on tourism, emphasizing the importance of local Kashmiris visiting tourist spots first to revive the industry and ensure a sense of security.
Debroy worked as a consultant in the Department of Economic Affairs in Finance Ministry.
Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy passed away this morning, a senior EAC-PM official said. He was admitted to AIIMS. Debroy (69) was educated in Ramakrishna Mission School, Narendrapur; Presidency College, Kolkata; Delhi School of Economics; and Trinity College, Cambridge.
Experts will give their inputs for Budget.
Headed by NITI Aayog member Bibek Debroy, the EAC includes NITI Aayog's Principal Advisor Ratan Watal as its member and economists Surjit Bhalla, Rathin Roy and Ashima Goyal as part-time members.
Why has the shift from ICE to electric slowed down despite initial enthusiasm?
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.
On the sidelines of the NITI Aayog governing council meeting, CMs of West Bengal, Andhra Pradesh, Karnataka and Kerala met PM Modi.
'The top 10 per cent of the population should adopt and handhold the bottom 20 per cent of the population as a social responsibility.'
'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'
NITI Aayog was set up as a think-tank for the Centre and states on January 1 replacing over six-decade old Planning Commission.
'The focus of the legislation will be to minimise user harm and increase the accountability of platforms, while also promoting innovation.'
Over the past few days, deaths due to heat stroke have been reported from different parts of the country including Uttar Pradesh, Bihar and Odisha.
West Bengal Chief Minister Mamata Banerjee is arriving in New Delhi on Thursday for a four-day visit during which she is likely to meet senior leaders and attend a Niti Aayog meeting on August 7, sources said.
National artificial intelligence unit stuck for lack of anchor department
The government on Tuesday appointed three external members -- Ram Singh, Saugata Bhattacharya and Nagesh Kumar -- to the RBI's rate-setting Monetary Policy Committee for four years. The central government has reconstituted the Monetary Policy Committee (MPC) of RBI, the finance ministry said in a statement. Ram Singh is the director of the Delhi School of Economics, Saugata Bhattacharya is an economist, and Nagesh Kumar is the director and Chief Executive, Institute for Studies in Industrial Development, New Delhi.
Modi believes that in the spirit of 'cooperative federalism' the venue for such meetings between him and the chief ministers should take place around the proverbial 'round table'.
Reddy alleged that contracts worth thousands of crores were awarded to people close to Modi, who then purchased Rafale aircraft.
NITI Aayog vice-chairman advises states to follow Tamil Nadu model for framing land acqisition laws
Prime Minister Narendra Modi led-NDA government in its third term must tackle the problem of unemployment in the country, especially in the unorganised sector and in small and medium enterprises, former NITI Aayog Vice Chairman Rajiv Kumar said on Monday. Kumar also emphasised that the government now must finalise the four labour codes as it has been delayed beyond expectations. "We must recognise that post-COVID economic recovery has been a K-shaped recovery.
Ahead of his government's first full year budget, Prime Minister Narendra Modi on Friday sought ideas from economists to attract investments, create jobs and finance infrastructure to put India back on high growth path.
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
'Our competitiveness with China is very important.' 'If the exchange rate depreciates, it is good for us because it helps in our competitiveness.'
At the first meeting of Governing Council of NITI Aayog on Sunday, Prime Minister Narendra Modi will seek views of Chief Ministers.
"The Union Budget represents the aspirations of 130 crore Indians and lays out the path towards India's development. I invite you all to share your ideas and suggestions for this year's Budget on MyGov," the PM said according to a statement posted on his official website on Thursday.
'We may see even more restrictive policies during 2.0.'
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
Paul noted that "three to four months from now, there will be other vaccines and the stockpile will be even bigger. "And more acceleration can be brought about in the vaccination programme," Paul added.
Two persons were rescued after the incident that occurred at 4.50 am in Shahbaz village, they said, adding that before the building collapsed, the authorities managed to evacuate 52 residents.
JD-U national president Rajiv Ranjan Singh alias Lalan, who addressed a press conference in Patna, however, dismissed queries about Kumar's absence at the NITI Aayog meeting chaired by Prime Minister Narendra Modi, with the terse remark 'you should ask the chief minister'.
Sajjid Chenoy, India economist at JP Morgan is the new part-time member.
The committee has been tasked to come up with policy measures to boost agriculture exports, raise growth in food processing, attract investments in modern market infrastructure, value chains and logistics.
Kerala Chief Minister and CPI-M leader Pinarayi Vijayan, Andhra Pradesh CM N Chandrababu Naidu, West Bengal CM and Trinamool chief Mamata Banerjee, and Karnataka CM Kumaraswamy lent support to the Arvind Kejriwal-led Aam Aadmi Party government's fight with the Centre.
Debroy is expected to have a role and responsibility similar to the erstwhile chairman of the Prime Minister's Economic Advisory Council
According to the World Bank, economic growth in middle-income countries, including India, is not accelerating. 'In fact, it is slowing down as incomes increase, with the trend becoming more pronounced each decade.'
Bibek Debroy was one of the very few economists not bound by any single area of expertise and was simultaneously curious about economics and politics, myths and maths, chess and chemistry, and what not, remembers Laveesh Bhandari.
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