Page 3 - Niti Aayog Ceo

'Vision India @2047' document in making for 'Viksit Bharat': NITI Aayog CEO

NITI Aayog CEO BVR Subrahmanyam on Wednesday said a vision document is being prepared for India to become a developed economy of about USD 30 trillion by 2047. The draft 'Vision India @2047' document will outline the institutional and structural changes/ reforms that will be needed for the country to become a developed nation by 2047. "A vision plan is being prepared for India to become a developed economy...the prime minister will release the document in January," Subrahmanyam said while addressing an event organised by industry body FICCI. In 2023, NITI Aayog was entrusted with the task of consolidating the 10 sectoral thematic visions into a combined vision for Viksit Bharat @2047. Subrahmanyam said the government wants college enrolment rate in India to increase from 27 per cent to 50-60 per cent. "So, the college going population would go up from 4 crore to 8- 9 crore. So we need thousand more universities, in addition to thousand universities we have today," he ...

India needs to integrate into global value chains: NITI Aayog CEO

NITI Aayog CEO B V R Subrahmanyam on Tuesday emphasised on the need for India to integrate into global value chains and adapt swiftly to emerging trading systems, according to an official statement. While addressing a thematic workshop on 'Inclusive Trade for Growth & Prosperity' organised by NITI Aayog, Subrahmanyam also highlighted the need for a non-discriminatory and inclusive trading system which facilitates trade as an engine of growth and prosperity. Also speaking at the event, NITI Aayog member Arvind Virmani highlighted the need for strengthening key areas such as labour-intensive supply chains, institutional factors for policy framing and simplifying taxation system, and integrating payment, refund and export credit systems especially for MSMEs. Virmani also pointed out the need to address various anti-dumping issues and the need to foster free trade agreements with potential partners. NITI Aayog member Ramesh Chand stressed on the need of reducing non-tariff barriers; ..

NITI Aayog's Vision 2047 for $30 trn economy may be ready by December

These goals include a per capita gross domestic product (GDP) of $17,590, $8.67 trillion of exports, and Rs 1,273 trillion of investments by 2047

Vision plan to become $30 trn economy by 2047 in works: NITI Aayog CEO

NITI Aayog CEO BVR Subrahmanyam on Sunday said a vision document is being prepared for India to become a developed economy of about USD 30 trillion by 2047. The vision document will outline the institutional and structural changes/ reforms that will be needed for the country to become a developed nation by 2047. The draft Vision India @2047 will be ready by December 2023 and it will be presented before the country in the next three months, he said. "A vision plan is being prepared for India to become a developed economy of about USD 30 trillion (USD 29.2 trillion) by 2047... the whole purpose of the vision document is to avoid the middle-income trap," he told reporters here. According to the Asian Development Bank (ADB), the middle-income trap captures a situation where a middle-income country can no longer compete internationally in standardized, labor-intensive goods because wages are relatively too high, but it also cannot compete in higher value-added activities on a broad enou

NITI Aayog, UNDP partner to further India's sustainable development goals

Cooperation will include SDG localisation, data-driven monitoring, and aspirational districts & blocks, among others

States must focus on transparency with regard to finances: NITI Aayog CEO

NITI Aayog CEO B V R Subrahmanyam on Monday emphasised on the need to focus on transparency with regard to states' finances as greater transparency will help states raise resources from market at competitive rates. Participating in a seminar organised by the Centre for Social and Economic Progress (CSEP), he also made a case for having a fiscal council like institution to better manage the debt trajectory of the Centre and states. Transparency is more important than uniformity and states should ensure that everything gets reported in some form or the other because the market values transparency, he said. Citing an example, he said, five southern states accounted for 93 per cent of off- budget borrowing last year while all the high deficit states like West Bengal, Punjab and Rajasthan have low off-budget borrowing. "It is all because of market discipline...people are more willing to lend to these five states as compared to West Bengal, Punjab and Rajasthan," he said, adding, there a

India has huge potential for recycling of electronic wastes: NITI Aayog CEO

NITI Aayog CEO B V R Subrahmanyam on Friday said that India has been trying to give a push to circular economy as there is a huge potential for recycling of electronic waste. Subrahmanyam also noted that India is extremely dependent on import of lithium and rare earth, key components in many electronic devices and various industrial applications, including medical technology, aerospace and defence. He pointed out that if electronic wastes are not recycled then it can damage and pollute the environment. "There is a huge potential for recycling of electronic waste," Subrahmanyam said. The NITI Aayog CEO said India is currently 5th largest economy and by 2030 it will become the third largest economy.

Union govt ready to launch flagship scheme for Scheduled castes, tribes

The latest mission replaces two major programmes. As things stand, the two programmes are run by 41 central ministries and departments

Data crucial for success of Aspirational Block Programme: Niti Aayog CEO

Niti Aayog CEO BVR Subrahmanyam on Thursday said data is crucial for the success of the Aspirational Block Programme (ADP) and stressed the need of making it visually available to help decision-making. Addressing an event here, Subrahmanyam further said through the implementation of the Aspirational Block Programme, the goal of the government is to saturate the 500 blocks, with every development initiative that the government of India is implementing. Data is very very crucial for the success of the Aspirational Block Programme. There is a need to make data visually available to aid decision-making," he said. Earlier this year, Prime Minister Narendra Modi launched the Aspirational Block Programme on the lines of a similar exercise aimed at developing backward districts. Launched in 2018, ADP (Aspirational District Programme) aims to transform 112 districts that have shown relatively lesser progress in key social areas. Subrahmanyam noted that ADP brought stability in the tenures

The Ashok Hotel divestment: 1956-built hotel to undergo a structural audit

Ashok's divestment has drawn interest from all the big hospitality players, including Taj Hotels, Hilton, DLF, JLL, Brookfield-backed HLV Ltd and Wyndham Hotels

India needs to be competitive for overseas market for milk: NITI Aayog

India has already emerged as the largest milk-producing nation in the world, and if it has to capture overseas markets for its surplus milk, then the country must be export competitive, Niti Aayog member Ramesh Chand has said. Chand in a working paper further said India's dairy industry has been opposing any free trade agreement that involves liberalisation of trade (import) in dairy products. "However, if we have to capture overseas markets for disposal of the future surplus of milk in the country then we must be export competitive. "Being export competitive requires higher competitiveness than competing with imports," he said. According to Chand, a country cannot be export competitive if it is unable to compete with imports and this issue is crucial for the future growth of the dairy industry in India. While noting that the dairy industry must prepare for channelising some domestic production to overseas markets, he suggested that it is better if it is done after processing vari

Amitabh Kant to lead panel to examine stalled real estate projects

The Union Housing and Urban Affairs Ministry has set up a 14-member committee headed by former NITI Aayog CEO Amitabh Kant to examine issues related to stalled real estate projects and recommend various ways for their completion. According to an order issued by the ministry on March 31, the committee will submit its report within six months from the date of its first meeting. The 14-member panel will deliberate on the issues of legacy stalled projects and suggest ways to complete and hand over these projects to homebuyers in a time-bound manner, the order states. The Central Advisory Council chaired by Union Housing and Urban Affairs Minister Hardeep Singh Puri had decided on forming such a committee about a year ago. The committee comprises top central and state government officials, including the secretary in the department of financial services in the Union Ministry of Finance, the principal secretary of the housing and urban planning department of Uttar Pradesh and the chairper

Niti Aayog and health ministry planning Ayushman 2.0, middle class in focus

The scheme is also exploring options to get a partial contribution or a top-up from individuals covered under the scheme

BVR Subrahmanyam takes charge as NITI Aayog's Chief Executive Officer

He has been the Secretary in the Ministry of Commerce & Industry; Chief Secretary of Jammu & Kashmir; Principal Secretary of Chhattisgarh, and has held positions in the Prime Minister's Office

'Go getter' in the thinktank: Meet BVR Subrahmanyam, CEO, NITI Aayog

The 1987 batch IAS officer of the Chhattisgarh cadre took over as the commerce secretary at a time when India was still grappling with the second wave of Covid-19

Budget 2023 focuses on promoting growth with inclusion: NITI Aayog CEO

NITI Aayog CEO Parameswaran Iyer on Friday described the Budget 2023-24 as 'very comprehensive and balanced' which will promote growth with inclusion. He also observed that the Budget continues all the reforms and other social welfare programmes undertaken by the government over the past few years. Iyer further said the Budget has something for all, from the bottom, right up to industry to trade. "This is a Budget which focuses on growth, with inclusion. It's very balanced, it carries on from all the reforms and other social welfare programmes which the government has undertaken over the past few years," he told PTI in an interview. Iyer noted that the Budget focuses on infrastructure investment, social sector, and also on reaching out to the poor and marginalised section of society. According to Iyer, the huge focus on infrastructure and capex in the Budget will also incentivise states. Finance Minister Nirmala Sitharaman raised the capital expenditure by 33 per cent to Rs 10

Urbanisation set to be key with 50% population in cities by 2047: NITI CEO

NITI Aayog CEO Parameswaran Iyer on Thursday said that urbanisation is going to be the key as 50 per cent of India's population will live in urban areas by 2047. Addressing an event organised by industry body FICCI, Iyer said many states have done wonderful work in solid waste management. "Urbanisation is going to be the key. By 2047, 50 per cent of the population will live in urban areas, if you don't have basic services in urban areas, then it is going to be a big challenge," he noted. He said the circular economy is now also becoming increasingly important. Replying to a question on issues of cleanliness of India's tourist destinations, Iyer said," If you want to promote tourism in India aggressively, you better have clean places around, you better have better behaviour by tourists and by the locals." Most beautiful tourist destinations in India are littered.

Food processing sector critical for economy, job creation: Niti Aayog CEO

Niti Aayog CEO Parameswaran Iyer on Friday said the food processing sector is critical for the Indian economy as well as job creation and stressed on ramping up production and exports of processed items. Addressing a CII seminar here, Iyer said there is a need to encourage the MSME sector to enter the food processing sector, which he described as a very important sector for the health of the economy and people. He underlined that food processing can boost farmers income and also help in achieving nutritional goals. Iyer said there is a need to augment primary processing at farm level. Stating that food security has become important in the current global context, he said the government has taken a number of steps in this regard. The Niti Aayog CEO highlighted that there has been a steady growth in agriculture. On the food processing front also, Iyer said a number of initiatives have been taken by the government, including the Production Linked Incentive (PLI) scheme. "This is a v

Need to promote circular economy to deal with climate change: Amitabh Kant

State chief secys' meet to address challenges faced in implementation of circular economy, says India's G20 Sherpa

Green mobility to play key role in India's decarbonisation: NITI CEO Iyer

Green mobility is going to play a major role in decarbonisation of India's transport sector, NITI Aayog CEO Parameswaran Iyer said on Wednesday. Iyer, while addressing an event organised by the 'Shoonya Forum', noted that the role of financing is critical for scaling of electric mobility in India. He also stressed on the need of finding ways to reduce risks associated with financing of electric vehicles. Pointing out that the rural India is urbanising rapidly, the NITI Aayog CEO said there is a need to push electric vehicles in smaller cities also. According to a recent report prepared by NITI Aayog and Rocky Mountain Institute (RMI) India, banks and non-banking financial companies (NBFCs) have the potential to achieve electric vehicle financing market size of Rs 40,000 crore by 2025 and Rs 3.7 lakh crore by 2030. The report had also stressed that lending by banks and NBFCs for buying EVs should be included in the Reserve Bank of India's (RBI) priority-sector lending (PSL) ...