India's slowdown has bottomed out and now its economy needs to be opened up if the country wants to realise the ambition of a 10 per cent growth rate, former NITI Aayog Vice Chairman Arvind Panagariya has said.
The government's target of achieving a USD 5 trillion economy by 2024-25 is a statement of intent, which sounds idealistic, a Niti Aayog official has said, asserting that "tough times" don't last as she dispelled concerns over economic slowdown.
Critical personal data of the people must be kept within the country, Niti Aayog CEO Amitabh Kant said here on Tuesday. The statement comes in the backdrop of India mandating global technology giants including Mastercard and Visa to comply with the data localisation norms in the public interest.
NITI Aayog member V K Saraswat on Sunday kicked up a row after he said that the shut down of internet services in Jammu and Kashmir after the abrogation of Article 370 did not have any significant impact on the economy, as people there did nothing other than watching "dirty films" online.
Private trains running on a particular route will have a head start of 15 minutes on other trains running on the same route, a maximum permissible speed of 160 kmph and also their own guards and crew, says a draft proposal mooted by Niti Ayog as it finalises the contours of bringing in private players for train operations in the country.
Niti Aayog and Indian Railways have come out with a discussion paper for running 150 trains on 100 routes by private operators, envisaging an investment of Rs 22,500 crore. The discussion paper titled 'Private Participation: Passenger Trains' has identified 100 routes, including Mumbai Central-New Delhi, New Delhi- Patna, Allahabad-Pune and Dadar-Vadodara.
Kerala retained the top rank while Bihar was adjudged as the worst performer in Niti Aayog's SDG India Index 2019, which evaluates progress of States and Union Territories on social, economic and environmental parameters, as per a report released on Monday.
Government think-tank Niti Aayog member Ramesh Chand on Wednesday made a case for only two slabs under the goods and service tax regime as against the multiple slabs currently, and said rates should be revised annually if required.
Government think tank Niti Aayog on Friday will hold a consultative meeting to discuss a roadmap for population stabilisation and come out with a working paper to address key gaps in India's family planning programmes.
The healthcare system would exclude those covered under the newly-launched Ayushman Bharat scheme that mainly caters to the bottom 40 per cent population of the country.
Karnataka has topped the first-ever innovation ranking of states. It also remained on top in terms of attracting investment. The rankings were revealed in a Niti Aayog sponsored report on Thursday. The India Innovation Index 2019, developed on the lines of Global Innovation Index (GII), looks into the innovation ecosystem of Indian states and union territories to help policymakers design policies to drive innovation across regions.
The Reserve Bank of India on Friday lowered the country's growth outlook and projected the economy to grow at 6.1 per cent from its earlier projection of 6.9 per cent for the current financial year.
Niti Aayog Vice Chairman Rajiv Kumar on Friday called for further reforms in banking sector after the recent recapitalisation and mergers, saying banks need autonomy and work at arm's length from the government.
Kant said one of the things which Prime Minister Narendra Modi has been focusing on in recent times is the target of becoming a USD 5 trillion economy by 2024 and subsequently a USD 10 trillion economy by 2030.
Observing that India has 28 cars for every 1,000 people, much lower as compared to the US or Europe which have 980 and 850 cars for 1,000 people respectively, Kant said this means as India transits towards urbanisation the future will all be electric, shared and connected. "We will transit towards there as the cost of battery falls from 276 dollars per kilowatt hour (kWh) to 76 dollars per kilowatt/hour. The cost of electric vehicles will almost become at par with combustion (engine) cars in the next 3-4 years," the NITI Aayog CEO said while addressing a CII event here.
Chhattisgarh's Kondagaon district has topped the ranking of aspirational districts by Niti Aayog for May 2019. Kondagaon was followed by Fatehpur (Uttar Pradesh) and Pakur(Jharkhand), the Niti Aayog said in a tweet.
The focus of the second term of the Narendra Modi government is accelerated economic growth led by the private sector and private enterprise, according to NITI Aayog Vice Chairman Rajiv Kumar who asserted that India will be at the "cusp of a major transformation" over the next five years.
The state government will provide all possible help for the same and once the plan is prepared, it will be implemented effectively in a time-bound manner, he said.
India and Russia are working together to take their relationship to a higher level and there is scope for cooperation in agriculture and agro-processing sector, Niti Aayog Vice-Chairman Rajiv Kumar said on Wednesday.
Budget 2019-20 has made a clean break from the past by focusing on the big picture and setting out a clear direction for the Modi 2.0 government, Niti Aayog Vice Chairman Rajiv Kumar said Saturday.
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