Page 18 - Niti Aayog

'The Account Aggregator framework is a game-changer'

By sharing information digitally and securely through the AA framework, lenders get a host of data points like bill payments and investments to assess creditworthines

Despite privatisation of PSU banks, low-cost banking needs digital approach

The scope of banking is much more than can be read from the current rate of credit growth to industry, which has only picked up to 4.1% in October 2021 from a contraction of 0.7% a year ago

NITI Aayog VC meets Andhra CM, praises 'remarkable schemes' of state govt

Andhra Pradesh Chief Minister YS Jagan Mohan Reddy met NITI Aayog Vice Chairman Rajiv Kumar and his team members at the Tadepalli camp office in Guntur district on Wednesday.The Vice-Chairman congratulated the state govt and the Chief Minister on the remarkable schemes that have been implemented in Andhra Pradesh."What is happening in Andhra is quite credible and remarkable and I'm sure that the state will go on in this trajectory," Kumar said."It's a part of our efforts towards cooperative federalism. We want to engage with the states as much as possible. Our vision is to intensify this engagement in a constructive manner," he said.The team from NITI Aayog was on a two-day visit to Andhra Pradesh.As per the Chief Minister's Office (CMO), on the first day, Kumar and his team visited the village Secretariat and Rythu Bharosa Kendra (RBK) at Veerapanenigudem in Krishna district.Post which the team came to meet the Chief Minister and the state-level officials.Kumar lauded the schemes and

Discussing development ideas with states, says NITI Aayog's Rajiv Kumar

"This is a part of our effort at cooperative federalism that we want to visit and engage with all states," Kumar said

Cost estimates of legalising MSP purely theoretical attempts: Ramesh Chand

States and Centre should jointly work towards ensuring MSP; farm law repeal temporary setback to growth and development of agriculture

Access to fuel, sanitation, power better in 2019-20: NITI Aayog report

Over 40% Indians continue to depend on dung, coal, etc, for cooking fuel; 30% do not have access to proper toilets

25% of Indians poor on MPI metric, says NITI Aayog report

Report uses methodology developed by Oxford Poverty and Human Development Initiative and UNDP, says NITI Aayog Chairman Rajiv Kumar.

Bihar, Jharkhand, UP emerge as poorest states in India: Niti Aayog

Kerala, Goa, Sikkim, Tamil Nadu and Punjab have registered the lowest poverty across India and are at the bottom of the index

NITI Aayog's unflattering report vexes Nitish Kumar govt in Bihar

The Nitish Kumar govt in Bihar has reacted with dismay to the Niti Aayog report on poverty index, which places the state among the bottom-ranking ones

Blame game begins as J'khand among poorest states in Niti Aayog report

Hitting out at the Hemant Soren government, the BJP said the dispensation did not implement the central schemes properly as it was busy with transfers and postings

Govt committed to improving ease of doing biz: Niti Aayog's Rajiv Kumar

So far, 1,200 regulations have been removed and others are being looked into, he added

NITI floats idea of full-stack digital banks, seeks comments by Dec 31

Government think-tank Niti Aayog on Wednesday proposed setting up of full-stack 'digital banks', which would principally rely on the internet and other proximate channels to offer their services and not physical branches, to mitigate the financial deepening challenges being faced in the country. The Aayog, in a discussion paper titled 'Digital Banks: A Proposal for Licensing & Regulatory Regime for India', makes a case and offers a template and roadmap for a digital bank licensing and regulatory regime for the country. Digital banks or DBs are banks as defined in the Banking Regulation Act, 1949 (B R Act), the paper said. "In other words, these entities will issue deposits, make loans and offer the full suite of services that the B R Act empowers them to. As the name suggests however, DBs will principally rely on the internet and other proximate channels to offer their services and not physical branches," it said. The paper noted that India's public digital infrastructure, ...

Shimla, Coimbatore, Chandigarh top Niti Aayog's first SDG Urban India Index

The statement said the index highlights the strengths and gaps of ULB-level data, monitoring, and reporting systems

Niti VC Rajiv Kumar meets think tanks, takes suggestions on economy

Niti Aayog Vice Chairman Rajiv Kumar on Wednesday interacted with over 70 think tanks on issues concerning the state of the economy, trade narratives, and competitiveness fundamentals

Let foreign firms fetch hyperloop technology for India: Niti Aayog member

Stating that India has the capacity to come up with its own design of hyperloop technology for ultra-high-speed travel, Niti Aayog Member VK Saraswat on Sunday said since it is going to take time, the country should permit foreign companies to set up a line to demonstrate the technology. Saraswat, who is heading a committee to explore the technological and commercial viability of the Virgin hyperloop technology, further said India should also constitute a regulatory mechanism because safety is a major issue in hyperloop technology. "Hyperloop is a high-speed train, running in vacuum in a tube. We (expert committee members) have found that there are two ways of doing it, he told PTI in an interview. Hyperloop is a technology proposed by inventor and businessman Elon Musk, who is behind the electric car company Tesla and the commercial space transport company SpaceX. "One is, allowing foreign companies to show demonstrations. Another way is, in parallel, do serious R&D in this ...

Modi govt so far: Not the feared 'disaster', not the anticipated success

Three-quarters into the 10 years that Mr Modi had sought for transforming India, the "output" numbers look impressive, but the key "outcome" numbers don't show up much, if at all, writes T N Ninan

Laminate industry approaches NITI Aayog, DPIIT for inclusion in PLI scheme

Providing benefits to the laminate sector will not only cement its position in the world market, but also expand its horizon to newer shores

Bright crop prospects will boost rural demand, says NITI Aayog

The consumer price index (CPI) fell to 4.3 per cent in September 2021, the lowest since April 2021.

Growth to exceed 10% in FY22 on strong agri recovery, says Niti VC

Indian economy is expected to grow by more than 10 per cent in the current fiscal supported by a record kharif crop and bright rabi prospects, Niti Aayog Vice-Chairman Rajiv Kumar has said

Economy expected to grow by 10% or more in current fiscal: Niti VC

The country's economy grew by a record 20.1 per cent in the April-June quarter, helped by a very weak base of last year and a sharp rebound in the manufacturing and services