India must cut the statutory liquidity ratio (SLR) to boost job-intensive manufacturing, former NITI Aayog chief executive Amitabh Kant said. Kant said the production-linked incentive (PLI) is a short-term solution for the manufacturing sector, but in the long term, "we need to reduce the cost of doing business through measures like cutting the SLR, which can reduce the cost of credit". "Statutory liquidity ratio at 18% is too high for India ... I am a great believer in bringing it down because flow of credit to manufacturing sectors will be the key in the long run," Kant told PTI. Without sharing the ideal level of SLR, the mandatory share of net demand and time liabilities or deposits banks invest in government securities, the retired bureaucrat maintained that the cost of credit and availability of resources will be essential to help the manufacturing sector. SLR was cut to 18 per cent over a few years, but it has remained at that level since then. While it helps the government'
Amitabh Kant calls CAFE-3 a 'huge missed opportunity' as the new norms set fuel-efficiency and CO2 requirements and introduce EV super credits for automakers from 2027
Former G20 Sherpa Amitabh Kant said India must sharply scale up clean energy capacity, storage and transmission infrastructure to secure energy independence
While artificial intelligence (AI) would provide unprecedented impetus to global productivity, the technology could also widen inequalities around the world if not used for the benefit of people, former NITI Aayog CEO Amitabh Kant said on Thursday. "We need a digital public infrastructure (DPI) for AI; the technology must be provided to researchers and startups, used for betterment of society and towards sustainability, and for better inputs for climate research," Kant said in his address at the World Sustainable Development Summit organised by The Energy and Resources Institute (TERI) here. "If this doesn't happen then AI is not fit for purpose," he asserted. The former G20 Sherpa of India also highlighted the immense power requirements of AI -- one of its biggest drawbacks. "AI is an energy guzzler. Today, the technology consumes more energy than the whole of Japan," he said. Research has shown that to train a large language model (which understand and generate human language b
If global supply chains are breaking, can India help rebuild them? And as AI reshapes the world, can India shape it in its own image?
At BS Manthan, former Niti Aayog CEO Amitabh Kant urges India to avoid knee-jerk responses to US policy shifts and focus on manufacturing scale, cost competitiveness and inclusive AI growth
Speaking at BS Manthan, the former NITI Aayog CEO said India must lower credit and power costs, reform lending norms and build large-scale manufacturing to take advantage of global supply chain shifts
At BS Manthan, Amitabh Kant says fractured global supply chains and AI disruption give India a strategic opening, provided it cuts the cost of doing business and builds scale in manufacturing
At the India AI Impact Summit, the former Niti Aayog CEO says AI must be accessible, affordable and multilingual, built on local data to prevent widening inequality
Day 2 of the India AI Impact Summit at Bharat Mandapam will see key talks on AI in healthcare, rural livelihoods, defence and economic growth, along with the launch of major AI casebooks
Infrastructure major Larsen & Toubro (L&T) on Wednesday said its board has approved the appointment of former G20 Sherpa and NITI Aayog CEO Amitabh Kant as a non-executive, independent director of the company. Kant has been appointed for a term of five years with effect from Wednesday. "The board of directors of the company at its meeting held today, i.e., October 29, 2025, have approved the... appointment of Amitabh Kant as a non-executive, Independent Director (Additional Director) of the company for a term of 5 years with effect from October 29, 2025, up to and including October 28, 2030, subject to approval of shareholders of the company," Larsen & Toubro said in a filing to the BSE. Last month, IT services company HCL Technologies had announced the appointment Kant as an independent director. In September, IndiGo also appointed him as an additional director on its board after receiving security clearance from the civil aviation ministry. Canadian billionaire Prem ...
Kant's remarks came a day after India celebrated Diwali, and the national capital witnessed the bursting of crackers in full frenzy, and it woke up to a thick layer of toxic air
India's former G20 Sherpa Amitabh Kant described Singapore as "a critical partner" in India's journey of economic progress and infrastructure development, highlighting cooperation between the two
Amitabh Kant highlighted that India has some of the finest innovators and professionals who can contribute to the country's growth
Marking his 75th birthday in Madhya Pradesh’s Dhar district, PM Modi said Indian soldiers humbled Pakistan “in a blink” and asserted that India is unafraid of nuclear threats.
Amitabh Kant, former NITI Aayog CEO and India's G20 Sherpa, has joined IndiGo's board as a non-executive non-independent director after receiving clearance from the Ministry of Civil Aviation
Amitabh Kant will serve as HCLTech independent director from Sept 2025 to Sept 2030; company says he has no ties with its directors and is not barred by Sebi or other authorities
However, these landmark policies remain incomplete. One missing piece could determine the success or failure of India's entire transport decarbonisation agenda
He pointed out that other major economies, such as Turkey, the EU, and China, also import significant quantities of energy and minerals from Russia or China
Former G20 Sherpa Amitabh Kant urges Rs 20,000 crore for global tourism promotion, saying the sector can offset US tariffs and boost India's growth and jobs