Page 7 - Niti Aayog

Hailing the freelance economy as it expands across global professions

Freelancers in the United States contribute significantly to the country's economy, with earnings totalling approximately $1.27 trillion in 2023

Niti Aayog seeks balance between govt and corporate debt markets: Bery

Niti Aayog is exploring ways to realign the balance between the very deep government debt market and the corporate debt market, a top official said on Friday. The government think tank will also examine the possible impact of any moves which may be aimed at deepening the corporate debt market, its vice chairman Suman Bery said at an event here. "A ...balance that we are going to have to get right is between corporate debt and government debt, and exactly what that takes in terms of both fiscal adjustment and in terms of the liquidity in the corporate debt market. These are issues that we have been exploring at Niti (Aayog)," Bery said at an event organized by the Sebi-promoted NISM here. The government securities market is very deep for many years now, helped by policies like a mandatory statuary liquidity ratio (SLR) for banks which ensures that the government has adequate resources to carry out its developmental agenda. There is also a very active secondary market where such bonds

Meity targets $500 bn electronics production by 2030 with detailed strategy

Meity is in the final stages of putting together a production linked incentives (PLI) scheme for electronic components

NITI Aayog urges reforms to ease worker housing near industrial hubs

To truly unleash the potential of India's manufacturing sector, there is a need to think of dense, large-scale housing for workers as infrastructure

PM Modi stresses fundamental change in the mindset for Viksit Bharat

The meeting was chaired by the Prime Minister and attended by Finance Minister Nirmala Sitharaman, Chief Economic Adviser V Anantha Nageswaran, and NITI Aayog officials

NITI Aayog pushes for funding to build quarters for workers near factories

The programme is likely to be undertaken by providing VGF to private developers to keep dormitory rentals in check and reduce commuting costs and safety concerns for workers in industrial hubs

NITI Aayog invites EoI for doing research on 'cost of doing biz in India'

Government think tank NITI Aayog has invited expression of interest for undertaking research on 'Cost of Doing Business in India' (CoDB), as India faces strong competition from countries like Vietnam, China, and Indonesia, which offer lower operational costs in key sectors. In a notice, Niti Aayog said the cost of doing business is a pivotal factor influencing the competitiveness of an economy, encompassing the expenses businesses incur to establish, operate and expand. "For a rapidly growing economy like India understanding these costs is essential to fostering a conducive business environment and attracting investment. "Despite India's significant reforms to improve its business climate, it faces strong competition from countries like Vietnam, China, and Indonesia, which offer lower operational costs in key sectors," it said. According to the notice, in the wake of the pandemic, shifts in global trade, investment, and supply chains, coupled with growing concerns about economic an

Govt gives NITI V-C Suman Bery additional charge as chairman of EAC-PM

NITI Aayog vice chairman Suman Bery has been given additional charge as the chairman of the Economic Advisory Council to the Prime Minister (EAC-PM) about a month ago, a senior government official said on Monday. He replaced Bibek Debroy, who died on November 1. Debroy, a key economic adviser to the prime minister whose prolific work included those related to economic theory, income inequality, and infrastructure financing, was admitted to the AIIMS on October 31. "Bery has been given additional charge of EAC-PM as its chairman about a month ago," the official told PTI. EAC-PM is an independent body constituted to give advice on economic and related issues to the Government of India, specifically to the prime minister. At present, the composition of EAC-PM is: Sanjeev Sanyal (member), Shamika Ravi (member), Rakesh Mohan (part-time member), Sajjid Chinoy (part-time member), Neelkanth Mishra (part-time member), Nilesh Shah (part-time member), T T Ram Mohan (part-time member) and .

PM Narendra Modi to address chief secys at NITI Aayog meet on Saturday

According to sources, Prime Minister Narendra Modi will chair the conference on Saturday and Sunday, and is expected to address states' top officials

Improved sanitation reduces child malnutrition: NITI Aayog working paper

Need to develop state-level grids for sewage and solid waste, says Aayog

Finance Commission team arrives in Kerala for 3-day visit

Members of the 16th Finance Commission, led by former NITI Aayog vice chairman Arvind Panagariya, have reached Kerala for a three-day visit, as part of holding consultations for preparing its report. The team was accorded a reception at the international airport here on Sunday under the aegis of state Finance Minister K N Balagopal. According to Balagopal, a detailed memorandum has been prepared to be submitted to the commission. Kerala would make the presentation with proposals to resolve the "imbalance" in the distribution of tax share to the state, he had said, adding that the state would also convince the Finance Commission regarding the steps to be taken to provide the deserving grants on time. On Monday, the Commission would visit Thiruvarpu and Aymanam panchayat areas in Kottayam, and by evening, they will arrive at Kovalam, an official statement said. On Tuesday at 9.30 am, Chief Minister Pinarayi Vijayan will officially receive the Commission's chairman and members at the

India needs 2,500 universities to accommodate 50% students: NITI Aayog CEO

In order to have 50 per cent students in universities, India needs to double the varsities' strength to 2,500, NITI Aayog CEO BVR Subrahmanyam has said. Delivering a keynote address at the Indian School of Business (ISB) here on Friday, he said though one university and two colleges were opened every week in the past ten years, only 29 per cent of the age cohort enroll in the varsities. Subrahmanyam also said that with a huge digital infrastructure, India has become the biggest laboratory in the digital world where one can experiment at a scale. "Today we have 1,200 universities and slightly more than four crore students, but that's only 29 per cent of the cohort age enroll in the university system. Actually, at least 50 per cent of the students should be in colleges. "We need to double the colleges and universities in the country. The country needs 2,500 universities. It may look like a lot of universities are not up to the mark or whatever, but the fact is, you need those numbers

Niti Aayog's WEP partners with Urban Company for women empowerment

Niti Aayog's Women Entrepreneurship Platform (WEP) has partnered with Urban Company to empower women salon and beauty parlour owners, an official statement said on Friday. According to the statement, WEP, under its award-to-reward initiative, launched the pilot to support women MSMEs to scale up their businesses in the beauty and wellness sector. Women entrepreneurs will be offered training across six key ecosystem needs, including skilling, legal and compliance, access to finance, market, and business development services, along with mentorship and networking, it added. A baseline study conducted by MicroSave Consulting identified four key sectors with more than 1,00,000 women MSMEs -- beauty & wellness, textile manufacturing, retail trade and food & beverages. The statement said this pilot initiative aims to develop process templates by leveraging insights and learnings gathered through the programme and upscaling women MSMEs nationwide. Urban Company will spearhead the ...

FinMin revokes 8-year-old circular: CPSEs no longer need NITI nod for JVs

The DPE in a notification said it has been done to make the process easy and less time consuming

Trump's comeback: Govt in wait-and-watch to study regime change in US

The Trump-led regime's stance on India's laptop and IT hardware import policy is expected to remain the same, he said, adding that India should take action if it deems fit.

India should be part of RCEP, CPTPP: Niti Aayog CEO BVR Subrahmanyam

India should be a part of the Regional Comprehensive Economic Partnership and Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Niti Aayog CEO BVR Subrahmanyam said on Thursday. India pulled out of the RCEP in 2019 after entering negotiations in 2013. The RCEP bloc comprises 10 ASEAN group members (Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapore, Thailand, the Philippines, Laos and Vietnam) and their six FTA partners - China, Japan, South Korea, Australia and New Zealand. "India should be a part of RCEP (Regional Comprehensive Economic Partnership) and CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) and become a member," Subrahmanyam said at an event organised by industry body Assocham. CPTPP is a free trade bloc spanning five continents, made up of Pacific rim countries of Canada, Mexico, Peru, Chile, New Zealand, Australia, Brunei, Singapore, Malaysia, Vietnam and Japan. "I don't think we have captured the 'China plus o

Jairam Ramesh slams NITI Aayog over call to pause emission-reducing gear

Congress leader and former Union environment minister Jairam Ramesh on Friday said sulphur dioxide emissions from power plants contributed significantly to air pollution and any argument suggesting that such emissions were of no concern to public health in India was ridiculous. His remarks came over a media report, which claimed the NITI Aayog had proposed halting the fitting of equipment to cut sulphur emissions at coal-fired power plants. However, there was no official word from the NITI Aayog. In a post on X, Ramesh said India was the world's largest emitter of sulphur dioxide and these emissions from power plants contributed significantly to air pollution. "A decision had been taken earlier that the power plants must install fluoride gas desulpharisers. First, a deadline of 2017 was fixed. This was later extended to 2026. Now it appears that the all-knowing NITI Aayog wants the deadline scrapped altogether," the Congress general secretary in-charge communications said. "To arg

Scenarios for India's future: How planning can shape growth and inclusion

Scenario planning, having being successfully implemented in businesses, has tremendous potential for shaping India's future

Before announcing a big programme, govt should test it: Iqbal Dhaliwal

Dhaliwal spoke about evidence-based policymaking in India, and universal basic income, among other things

Govt wants multiple methanol plants over next 5-7 years: VK Saraswat

Methanol demand likely to go up to 15 million tonnes by 2030, govt working on regulatory frameworK