Page 9 - Niti Aayog

NHAI to monetise 2741 km through toll operate transfer, InvIT in FY25

33 stretches identified by NHAI had revenue of Rs 5000 crore in FY24

PM Narendra Modi hints at bringing fresh scheme for electoral funding

Modi said the next govt will share these drafts with the states, and invite their inputs, which he hopes to discuss threadbare with the CMs at a NITI Aayog meeting to be called after Lok Sabha polls

Integrated framework

India needs a medium-term economic strategy

BS Manthan: Finding common ground in ideologically divided farm sector

India's farm sector needs a thorough relook as the country marches towards the cherished goal of a developed nation by 2047, which the panel discussions promise to deliver

Increasing ambitions

MSMEs must be encouraged to tap export opportunities

Niti Aayog bats for easy financing, e-commerce push to boost MSME exports

The report jointly prepared by Niti Aayog and the non-profit Foundation for Economic Development, said that India needs a NTN to ease compliance burdens for MSMEs

Niti Aayog comes up with roadmap to boost exports from MSME sector

Niti Aayog has made a case for a single information portal for exporters to promote e-commerce exports and improve access to finance, especially for micro, small & medium enterprises (MSMEs). In a report titled 'Boosting Exports from MSMEs', the Aayog said India has several portals that help exporters access information, most of which offer incomplete or outdated information. "Therefore, creating a one-stop information data intelligence portal, using an Al-based interface will be essential to impart information to MSMEs," the report said, adding that this portal will answer all the queries of a potential exporter related to market tariffs, required paperwork, sources of finance, service providers, available incentives, and potential customers. The report also suggested introducing an annual financial reconciliation process for e-commerce exporters, exemption of import duties on rejects or returns, granting exemption on reconciliation requirements for shipments up to USD 1,000 and .

Lack of non-agri data hinders computation of farmers' income: Niti member

The lack of data on cultivators and their income from other sources has become a hindrance in determining whether farmers' income has actually doubled or not, Niti Aayog member Ramesh Chand said, pointing out that they are earning more from non-agricultural sources. The Niti Aayog member further said that prices of agricultural commodities can not be fixed by a law as it has serious implications, which are neither in the interest of the agriculture sector nor individual farmers. "The government had fixed the goal of doubling farmers' income so that we make more efforts. There is a need for this assessment, where we are in terms of this goal. (But) the required data is not available with us," Chand told PTI in an interview. In 2016, Prime Minister Narendra Modi-led government set a highly ambitious target of doubling farmers' incomes by 2022. An inter-ministerial committee on "Doubling of Farmers' Income" was set up in April 2016 to recommend strategies to achieve this goal. The ..

'NITI for States' digital platform to foster Centre-state synthesis

B V R Subrahmanyam underscored the fundamental role the organisation can play in guiding states towards fulfilling their developmental objectives in consonance with the central government's growth

Electric two-wheeler sales likely to miss NITI Aayog target for FY24

Dealers feel a major reason for the dip is the reduction of FAME subsidy by the government

Devolution for development

Developed India needs local government-led human development to truly become an Inclusive India

Invent advanced tech to gain global leadership: NITI to medical industry

Domestic medical devices industry should come up with cutting-edge technologies to gain leadership across global markets, NITI Aayog member (Health) Dr VK Paul said on Thursday. Speaking at an event here, he also asked the industry to initiate ways to tap AI for their respective medical devices. Paul noted that the government has already taken a lot of steps in policy terms and now it is the turn of the industry to move ahead. "We believe that we need frugal innovation, but we also strongly believe that India must do cutting-edge innovations...for our leadership in industry, for our leadership in the world," Paul said. The industry needs to address the cutting edge, breakthroughs, he said, adding that nothing much has been achieved after technologies like MRI (Magnetic Resonance Imaging). "That means the space is open for us to catch up and leapfrog in the direction of new ideas, new solutions, and disruptive technologies that should emanate from India," Paul added. He noted that

Economists divided over poverty decline claims by SBI, Niti Aayog

The SBI report estimated the new poverty line at Rs 1,622 for rural areas and Rs 1,929 for urban areas

Latest NSSO consumer survey indicates poverty down to 5%: NITI Aayog CEO

The latest consumer expenditure survey indicates that poverty has come down to five per cent in the country and people are becoming prosperous both in rural and urban areas, NITI Aayog CEO B V R Subrahmanyam said on Sunday. The National Sample Survey Office (NSSO), under the Ministry of Statistics and Programme Implementation, released data on household consumption expenditure for the year 2022-23 on Saturday which shows per capita monthly household expenditure more than doubled in 2022-23 as compared to 2011-12. "This long-awaited consumer expenditure survey has brought out many things. With data on household consumption, we can assess what is the status of poverty in the country and how successful the poverty alleviation measures have been, Subrahmanyam told reporters. "The survey findings indicate that poverty in India is below five per cent now. I am convinced with the data, he said. He said that for the purpose of the survey, people were kept in 20 different categories and the

Under-employment a problem for India: Panagariya as he pitches for reforms

Pitching for labour reforms, the chairman of the 16th Finance Commission and former NITI Aayog Chairman Arvind Panagariya on Saturday said that "unemployment," is not a problem for India but "under-employment" is. Speaking at a session 'The Economic Whisper: how to fuel growth with jobs' at the concluding day of the two-day ABP Network's 'Ideas of India Summit 3.0' here, he also sounded optimistic that the jobs problem in the country will be solved over the next 10 years. "Unemployment is really not India's problem in my view. Our problem is underemployment, so productivity is low. So the job that can be done by one person often gets done by two people or maybe three people. And that is where I think, the real challenge of jobs is creating well-paid high-productivity jobs," he said. Stating that in the economy's jargon, India is a labour-abundant and capital-scarce country, he said, "What we have done is to put much of the capital in very selective sectors which are in any case very

Pulses, oilseeds demand to outstrip production by 2047-48: NITI Aayog

"Augmentation of oilseeds yield, and production from secondary sources can reduce the gap in the short-run, and achieve self-sufficiency in the long-run," the report said

16th FC chairman Panagariya warns against pitfalls of import substitution

On why countries with low per-capita incomes, such as India, must focus on exports, Panagariya explained how the global export market was worth $32 trillion in 2022, almost ten times India's GDP

Caring for the elderly

Longevity dividend can be both a burden and an opportunity

Tax reforms, reskilling of elderly needed in senior care: NITI Aayog

Protection of elderly from financial frauds needs to be ensured, says NITI

NITI Aayog pitches for tax reforms, mandatory saving plan for elderly

Government think tank NITI Aayog has pitched for tax reforms, mandatory saving plan, and housing plan for elderly in India, as the population of senior citizens is projected to reach 19.5 per cent of the country's population by 2050. In a report titled 'Senior Care Reforms in India - Reimagining the Senior Care Paradigm', NITI Aayog said a national portal for senior care must be developed for senior citizens to provide easy access of services to them. "Since the social security framework in India is limited, most seniors depend on the income generated from their savings. Variable interest rates result in the erosion of their income, sometimes even below sustenance levels. "Therefore, a regulatory mechanism is required to set a viable base rate for the interest accrued on senior citizen deposits," the report said. The report emphasised that giving a further concession to older women will contribute to their financial well-being. The elderly in India currently comprises a little ove