Donald Trump's Presidency of the United States will open new opportunities for India though certain sectors, especially pharma and IT, may face the heat if the incoming president decides to impose restrictions on imports and H1B visa regulations, experts said on Wednesday. Prime Minister Narendra Modi's friendly relationship with Trump will have a positive bearing on Indo-US relations but India may have to adapt its strategies to maintain cooperation in areas of mutual interest.
India's gig workforce is expected to expand to 2.35 crore by 2029-30 from 77 lakh in 2020-21, a NITI Aayog report said on Monday, and recommended extending social security measures for such workers and their families in partnership mode as envisaged in Code on Social Security. The report titled 'India's Booming Gig and Platform Economy' further said gig workers are expected to form 6.7 per cent of the non-agricultural workforce or 4.1 per cent of the total livelihood in India by 2029-30. Gig workers can be broadly classified into platform and non-platform workers.
The NITI Aayog has recommended privatisation of state-owned insurer United India Insurance Company as the government aims to move ahead with its new public sector enterprise (PSE) policy for Atmanirbhar Bharat. The policy think tank has suggested that the public sector insurer be considered for privatisation in the banking, insurance and financial services sector, which has been classified as 'strategic' in the PSE policy, said an official. The policy proposes the "bare minimum" presence of government-owned companies in strategic sectors, and privatisation, merger or closure of remaining public sector undertakings (PSUs).
Internet major Google has appointed former joint secretary at Niti Aayog Archana Gulati as head of public policy in India. A Google spokesperson confirmed the appointment. Messages sent to Gulati elicited no immediate reply. Gulati was looking after digital communications policy matters at the government think tank and took voluntary retirement in April last year.
'We may see even more restrictive policies during 2.0.'
NITI Aayog had been asking for Rs 7,500 crore for three years to set up an AI framework.
Debroy's economic interests and research work covered numerous areas such as economic theory, income inequality, and infrastructure financing.
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.
Banerjee, however, didn't clarify whether any other minister of her cabinet would attend the meeting on her behalf or not.
Tata Sons will likely choose Singapore as a "key partner" for its semiconductor plans, a senior minister from the city-state said on Friday. Speaking to reporters after a meeting with Tata Sons chairman N Chandrasekaran earlier in the day, Singapore's minister for home affairs and law K Shanmugam said semiconductors was a "big discussion" point during the meeting. "If they (Tatas) want to, they can do business with anybody in the world.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
Though the NITI Aayog did not give its estimates for the required GDP growth at constant prices, economists pegged it at 9 per cent, a feat not seen since the GDP series was revised with 2011-12 as the base year.
The highest salary rose by 14.22 per cent from last year.
India needs a paradigm shift in personal data management that transforms the current organisation-centric data sharing system to an individual centric approach that promotes user control on data sharing for empowerment, said Niti.
'Russia has got inherent military strength, they have a very good military equipment manufacturing infrastructure and by and large they are self-sufficient in their production capabilities'
Before taking over as the CEO of National Institution for Transforming India (Niti Aayog), he was Secretary, Department of Industrial Policy and Promotion, which has been rechristened as the Department for Promotion of Industry and Internal Trade.
Indian economy is expected to grow by 10 per cent or more in the current fiscal, and 8 per cent plus in the next fiscal year, Niti Aayog Vice-Chairman Rajiv Kumar said on Tuesday. Addressing a book launch event, Kumar further said that seven years of the Modi government has laid a strong economic foundation for businesses to thrive in India. "There was a hiccup (in economic growth) for two years due to COVID-19 pandemic.
A week before the launch of the 10th season of Jhalak Dikhhla Jaa, its makers threw a grand party for the contestants and star judges.
Bihar, Jharkhand and Uttar Pradesh have emerged as the poorest states in India, according to Niti Aayog's first Multidimensional Poverty Index (MPI) report. As per the index, 51.91 per cent population of Bihar is poor, followed 42.16 per cent in Jharkhand, 37.79 per cent in Uttar Pradesh. While Madhya Pradesh (36.65 per cent) has been placed fourth in the index, Meghalaya (32.67 per cent) is at the fifth spot. Kerala (0.71 per cent), Goa (3.76 per cent), Sikkim (3.82 per cent), Tamil Nadu (4.89 per cent) and Punjab (5.59 per cent) have registered the lowest poverty across India and are at the bottom of the index.
NITIE, Mumbai, invites students and working professionals for Samiksha, a panel discussion event on Insurance Sector: Opportunities and Challenges.
Kerala has again emerged as the top ranking state in terms of overall health performance among larger states, while Uttar Pradesh is the worst, according to the fourth Health Index launched by Niti Aayog.
'If these new farm laws are allowed to be implemented, there are very high chances of big increase in income of the farmers and in many states, it may even double'
The Niti Aayog vice chairman noted that green shoots of recovery are already visible in multiple sectors. In 15-16 sectors, businesses are coming back to pre-COVID levels," he said.
In 2019, an all-party meeting was held in Delhi and it was attended by 19 political parties to discuss critical reforms in governance. One of the subjects of the discussions was simultaneous elections
Niti Aayog vice-chairman Rajiv Kumar said that the two major constraints being faced by the investors are less availability of finance and high interest rates.
'Where is the spirit of Team India?' asks Chandrababu Naidu.
The government would be setting up a National Health Protection Council, National Governance Board and National Health Agency before roll-out of the scheme on August 15.
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.
'Some of the policies NITI Aayog has taken, we feel lean towards the corporates.' 'In a democracy, when you are making a policy decision, you are expected to take the views of all the stakeholders.'
He also stressed that whether we look from the world point of view or from the national viewpoint, the responsibilities of each member of the BJP are constantly growing. "Each and every worker of the BJP is a representative of the country's dreams," added PM Modi.
Prime Minister Narendra Modi on Thursday accused the Congress leadership of "desperation" in the face of his "tough" demonetisation decision and said it was the first time that a concerted effort was made by the Opposition to "openly" protect the dishonest through disruptions in Parliament.
The NITI Aayog is likely to continue to both formulate plans and engage with the states.
Arvind Panagariya, first vice-chairman of the NITI Aayog, replacement for the five-decade-old Planning Commission, has decided to return to academics.
'The focus of the legislation will be to minimise user harm and increase the accountability of platforms, while also promoting innovation.'
The increase in death registration in 2020 compared to 2019 is not entirely due to Covid fatalities, Niti Aayog member VK Paul has said, asserting that "exorbitant" multiples of coronavirus deaths being published by some agencies with respect to India must stop.
Haryana has done well in terms of economic growth over the last couple of decades. For it to continue to lead the growth ladder, the new government has to work hard on multiple dimensions, recommend Shishir Gupta and Rishita Sachdeva.
The Indian economy is coming out of the pandemic-induced degrowth and GDP growth will enter the positive territory in the fourth quarter of this fiscal, Niti Aayog Vice-Chairman Rajiv Kumar said on Wednesday. In an interview to PTI, Kumar also said the Centre's new agriculture reform laws are aimed at increasing the income of farmers and the present agitation was a result of misunderstanding and miscommunication which need to be removed.
Rajiv Kumar will continue as vice-chairman of the body, along with other full-time members V K Saraswat, Ramesh Chand and V K Paul.
Columbia University, where Panagariya teaches Indian political economy, refused to give any further extension.
Among small states, Mizoram ranked first, followed by Manipur and Goa.
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