Even if the new body focuses on long-term planning, it is unlikely to do so through five-year Plans.
Prime Minister Narendra Modi and chief ministers of states may soon have an in-person interaction on a common platform for the first time since 2019. The seventh meeting of the Governing Council of NITI Aayog is likely to be held in late June or early July, Business Standard has learnt from sources in the Centre and a state. While the date and other details are yet to be finalised, it is learnt that there will be a conclave of chief secretaries of states and Union Territories in Dharamshala, Himachal Pradesh, on June 14 and 15, which will decide the agenda of the Council meeting to be held at a later date.
NITI Aayog spent a considerable time on restructuring the setup.
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).
The Aayog has been mandated to serve as a policy think-tank for the central as well as state governments
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.
For the first time the government is organising an event where consolidated efforts would be made to help start-ups.
The two part-time members of the new body would be from leading universities and research organisations.
Economist Arvind Panagariya is the vice-chairman of NITI Aayog, while economist Bibek Debroy and scientist V K Saraswat are the two full-time members of the Aayog.
The prime minister's economic advisory council was disbanded early on, and not reconstituted.
Initiated move to privatise Air India, but reports on poverty and cast census remained unfinished
NITI Aayog has been working on an action plan to relieve rural distress and energise the agricultural sector
'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'
To turn disruption into opportunity, NITI Aayog has recommended the launch of a National AI Talent Mission to make India the AI workforce capital of the world.
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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.
While Congress-ruled states such as Kerala, Karnataka and Assam expressed fears about the sudden demise of the planning process and wondered what it would be replaced with, also worrying about the immediate implications on annual Plan outlays, Andhra Pradesh said it was considering setting up its own NITI Aayog.
State governments are expected to play a more significant role
Andhra Pradesh and Maharashtra are at second and third spot, whereas Uttar Pradesh and Bihar remained at the bottom.
India's production-linked incentive (PLI) scheme, which aims to make domestic manufacturing globally competitive, has attracted investment worth over Rs 45,000 crore and has also created three lakh jobs, NITI Aayog CEO Parameswaran Iyer said on Monday. The government has rolled out the scheme with an outlay of about Rs 2 lakh crore for as many as 14 sectors, including automobiles and auto components, white goods, pharma, textiles, food products, high efficiency solar PV modules, advanced chemistry cell and speciality steel. "The PLI programme has already started showing results.
The review stresses on creating conditions for growth that is employment-friendly.
Niti Aayog vice-chairman Rajiv Kumar debunked claims of jobless growth, saying how can a country grow at an average of 7 per cent without employment.
The case is related to the alleged irregularities in granting clearance by the Foreign Investment Promotion Board to INX Media, once owned by Peter and Indrani Mukherjea, for receiving overseas funds to the tune of Rs 305 crore.
Five cities -- Delhi, Bengaluru, Kolkata, Hyderabad and Surat -- ceded their power of procurement and agreed to a different procurement model to operate state-run buses.
The share of services in gross value added (GVA) in 2023-24 was the highest in Chandigarh (88.8 per cent), followed by Delhi (84.1 per cent), said a NITI Aayog report released recently.
The 16th Finance Commission, led by Arvind Panagariya, has recommended maintaining the states' share in central taxes at 41% for the five-year period starting April 1, 2026. The government has accepted this recommendation, with Rs 1.4 lakh crore allocated to states for FY 2026-27 as Finance Commission Grants.
Status to enable Arvind Panagariya to attend Cabinet meetings.
The NITI Aayog's views are in contrast to the National Health Policy.
An official announcement to this effect would be made next week. The vice-chairman would be of Cabinet rank.
The 2026-27 Budget, seeking to harmonise the government's imperative to grant certainty while ensuring a rational tax policy, had several notable announcements to usher in halcyon days, says Mukesh Butani.
PM Modi on Sunday called upon states to "speed up capital expenditure and infrastructure creation" to spur economic growth.
80-85 per cent of about 700 major infrastructure projects within the Centre's domain have been delayed.
Kumar had accused the Congress of promising the moon to win elections.
Ahead of the Parliament session, Prime Minister Narendra Modi on Wednesday reached out to parties appealing them not to come in the way of prosperity of farmers, saying the deadlock over the land acquisition bill is seriously impacting rural development.
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.
The 14-member task-force will develop a working definition of poverty.
NITI Aayog has a dual role of a monitor and advisor.
As farmers continue their protests demanding repealing of the three new laws, Kumar also emphasised that continued negotiations with protesting farmers is of course the way forward.
Aayog to present its performance review - since its existence - before the governing council
India's economic growth is likely to reach pre-COVID-19 levels by the end of the 2021-22 fiscal as the GDP contraction in this financial year is expected to be less than 8 per cent, Niti Aayog vice chairman Rajiv Kumar said on Sunday. The Reserve Bank of India (RBI) has also revised its forecast of economic growth for the current fiscal year (2020-21) to (-)7.5 per cent as against its earlier forecast of (-)9.5 per cent.
NITI Aayog member Arvind Virmani on Monday said India is set to become the fourth largest economy in the world by the end of 2025, an assertion which came days after NITI CEO BVR Subrahmanyam claimed India has already overtaken Japan to reach that spot. The International Monetary Fund (IMF), in its World Economic Outlook (WEO) report released in April had said that India is expected to be the fourth largest economy in the world with a GDP of $4.19 trillion in 2025, ahead of Japan.
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