Panagariya resigns from NITI Aayog, to return to teaching
The Dollar Business Bureau Arvind Panagriya has resigned as the Vice Chairman of NITI Aayog, after serving for two-and-a-half years at the country’s revamped planning commission. He resigned from the post today after heading a meeting. Panagariya has hinted that he is likely to go back to teaching and could join the Columbia University. He is likely to be relieved from his post on August 31. NITI (National Institution for Transforming India) Aayog came into effect on January 1, 2015, replacing the Planning Commission. It was created as a premier 'think tank', meant to frame policies for the Indian Government, giving directional as well as policy inputs. Panagariya was handpicked by Prime Minister Narendra Modi to head the NITI Aayog just after its creation. Like the previous Planning Commission, the Prime Minister is the Chairman of the Aayog. Panagariya, has a PhD in ...
Centre to explore ways to use alternate fuel
The Dollar Business Bureau The government will formulate a new policy to check carbon emission from increasing number of vehicles and explore ways to use alternate fuel. An expert committee, which was formed to draft Auto Fuel Vision and Policy 2025, has suggested measures to improve auto fuel quality, cut emission from vehicles and availability of fuels, Minister of State, Petroleum and Natural Gas, Dharmendra Pradhan told Lok Sabha on Monday. The committee under the chairmanship of Soumitra Choudhuri, member of Planning Commission, has also recommended suitable mix of auto fuels including gas and its specifications. The panel has made various recommendations including a roadmap for phased introduction of BS-IV and BS-V auto fuels in the entire country. As ...
Growth of labour-intensive manufacturing key to Indian economy
Jayarama Emani | The Dollar Business “Increasing the contribution of labour-intensive manufacturing to the Indian economy will be essential if India is to employ its booming population,” said, Martin Haythorne, Deputy Global Head of Banking and Co-Head of Banking, Asia-Pacific, HSBC. He also added that according to HSBC Global Research, India’s workforce will expand by 1.5 per cent annually over the next five years, meaning the economy will need to grow by 7.5 per cent a year just to generate enough new jobs for the young. Stating that Japan will be funding India’s next growth phase, Martin said that Japanese institutional investors are seeking to export more capital to create the wealth required to fund the country’s ageing society. ...
Another promising year awaits Indias textiles exports
Satyapal Menon | The Dollar Business A craftsman uses a handloom to produce rugs in Jodhpur, India Indian history and tradition is woven around the sheer artistry, and pure genius that goes into the creation of intricate and intrinsic cloth patterns conceived by thousands of weavers across the length and breadth of the country. From the mesmerising valleys of Kashmir to the serene shores of Kanyakumari, and, from the dusty and dry habitats on the Deserts of Rajasthan to the freezing terrain of the Himalayan region, India is linked, and, interlinked by a common thread of omnipresent tradition. Many villages and towns across the country reverberate with the pervasive rhythm of looms weaving out exquisite ensemble of textiles. The textile industry ...
