India has become the world's fourth largest economy, overtaking Japan, according to NITI Aayog CEO B V R Subrahmanyam. He cited IMF data, stating that India's economy is now larger than Japan's, with a USD 4 trillion GDP. Subrahmanyam also highlighted the favorable geopolitical and economic environment for India, predicting that within 2.5-3 years, India will become the third largest economy.
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.
'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.'
On the sidelines of the NITI Aayog governing council meeting, CMs of West Bengal, Andhra Pradesh, Karnataka and Kerala met PM Modi.
Experts will give their inputs for Budget.
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.
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'.
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.
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.
Debroy worked as a consultant in the Department of Economic Affairs in Finance Ministry.
'The top 10 per cent of the population should adopt and handhold the bottom 20 per cent of the population as a social responsibility.'
'The focus of the legislation will be to minimise user harm and increase the accountability of platforms, while also promoting innovation.'
NITI Aayog was set up as a think-tank for the Centre and states on January 1 replacing over six-decade old Planning Commission.
Why has the shift from ICE to electric slowed down despite initial enthusiasm?
Reddy alleged that contracts worth thousands of crores were awarded to people close to Modi, who then purchased Rafale aircraft.
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.
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.
'Each state is unique, but when it comes to finance, the fundamentals cannot be different.'
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.
NITI Aayog vice-chairman advises states to follow Tamil Nadu model for framing land acqisition laws
At the first meeting of Governing Council of NITI Aayog on Sunday, Prime Minister Narendra Modi will seek views of Chief Ministers.
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.
National artificial intelligence unit stuck for lack of anchor department
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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.
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.
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.
Conversion of land for non-agricultural use needs permission.
'Our competitiveness with China is very important.' 'If the exchange rate depreciates, it is good for us because it helps in our competitiveness.'
'We may see even more restrictive policies during 2.0.'
At the time of the Iftar party, Modi will be meeting chief ministers of North Eastern states.
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%.
"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.
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.
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.'
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.
Modi asks states to focus on job creation.
Debroy is expected to have a role and responsibility similar to the erstwhile chairman of the Prime Minister's Economic Advisory Council
'The Constitution must reflect the reality of mature states because otherwise it is the Centre that will become irrelevant,' says T C A Srinivasa-Raghavan.
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