Sunday, Jan 19 2020 | Time 08:04 Hrs(IST)
image
  • Govt should increase R&D, offer incentives to energy-efficient manufacturing: CEAMA
  • House Democrats File Trump's Impeachment Trial Memorandum to Senate
  • Target 5 tln shall be met: Gadkari
  • Conceding the first goal changed the match: Sergio Lobera
  • ATK topple Goa in Kolkata to take over the top spot
  • Attack on Yemeni Army Barracks Kills 24 Soldiers, Injures 20 - Military Source
  • Saudi Arabia, Australia enter semis at AFC U23 Champs
  • Iran FM rules out negotiation over new nuke deal
  • Putin Says Better Not to Get Back to Indefinite Terms for Heads of State in Russia
India


SAARC growth needs strong political will: Niti Aayog CEO Amitabh Kant

SAARC growth needs strong political will: Niti Aayog CEO Amitabh Kant

New Delhi, July 2 (UNI) A strong political will can lead to economic growth and poverty elimination in the SAARC region where the intra-trade, travel and tourism should be integrated, an effort being pursued by the SAARC Development Fund through a score of economic, infrastructure and social projects in diverse fields, according to NITI Aayog CEO Amitabh Kant.

Addressing the strategic SDF Partnership Conclave here on Monday, Mr Kant said that it goes to the credit of the SDF to have completed six projects, with six more in the pipeline in the SAARC countries amidst a host of complex issues.

The two-day conclave is being held to identify and raise finance for bankable economic, infrastructure and social projects in the SAARC countries.

The South Asian Association for Regional Cooperation, which comprises India, Pakistan, Afghanistan, Bangladesh, Bhutan, Nepal, the Maldives and Sri Lanka, accounts for 21% of the global economy against 3.8 pc of the population of the world.

'It will be the political will, the determination and the bonding together of the SAARC countries which would enable the growth, eliminate poverty to take place. This is critical, this is important…. I think it is important that we take cross country projects.'

Doing cross country projects is very difficult and complex job but it goes to the credit of SDF which is working on a dozen of projects in the region, he said.

In his welcome address, the CEO of SDF Dr Sunil Motiwal, agreed with Mr Kant that a strong political will in the SAARC region can make a big difference to its development and growth. But, presently SAARC is least integrated region with only 3 per cent of its total trade taking place among the member countries.

Dr Motiwal said, the SDF, which was established in April 2010 by the leaders of the SAARC, has finalised as many as 12 projects in diverse fields of waste to energy, trade infrastructure, women empowerment and water conservation and management with a funding of USD 74 million of which

USD 47 million have been disbursed. He said the SDF is now working on building partnership with multilateral organisations including World Bank, Asian Development Bank and Asian Infrastructure Investment Bank to strengthen its credit portfolio.

Mr Kant said that all over the world including the US and Europe the poverty elimination and economic growth has taken place because of intra region trade, travel and tourism. He urged tourists from SAARC region should travel within member countries.

A major SAARC member like India receives over 97.2 pc of the tourists, coming by air from abroad (other than SAARC region). 'There is no intra–regional travel at all and therefore, the multiplier impact of trade, travel tourism, investment within in the regions has not benefited the countries and that’s why the south Asian countries remain with the maximum of poverty.'

The SDF Partnership Conclave is being attended by senior officials of the multilateral institutions, business leaders and government officials from all the SAARC Member countries. The objective is to solicit cross border projects co-financing and exchange of ideas to make the SDF more dynamic in terms of project finance and implementation.

UNI DJK RP1748

More News
Delhi Assembly polls: Cong's list of 54 candidates

Delhi Assembly polls: Cong's list of 54 candidates

18 Jan 2020 | 10:44 PM

New Delhi, Jan 18 (UNI) Here is the first list of 54 candidates announced by the Congress on Saturday for Delhi Assembly polls to be held on February 8.

see more..
News of Shabana Azmi getting injured in road mishap is 'distressing': PM

News of Shabana Azmi getting injured in road mishap is 'distressing': PM

18 Jan 2020 | 10:06 PM

New Delhi, Jan 18 (UNI) Prime Minister Narendra Modi on Saturday said the news of actress Shabana Azmi getting injured in a road mishap is 'distressing'.

see more..
Delhi Polls: Cong releases first list of 54 candidates, AAP turncoats get tickets

Delhi Polls: Cong releases first list of 54 candidates, AAP turncoats get tickets

18 Jan 2020 | 9:56 PM

New Delhi, Jan 18 (UNI) After a long wait, the Congress on Saturday released its first list of 54 candidates for the Delhi assembly elections with Alka Lamba fielded from Chandni Chowk, senior party leader Krishna Tirath from Patel Nagar and Delhi Congress leader Haroon Yusuf contesting from Ballimaran seat.

see more..
Delhi Polls: AAP MLA Adarsh Shastri joins Cong

Delhi Polls: AAP MLA Adarsh Shastri joins Cong

18 Jan 2020 | 9:46 PM

New Delhi, Jan 18 (UNI) After being denied ticket from the ruling Aam Aadmi Party (AAP), Dwarka MLA Adarsh Shastri, the grandson of former prime minister Lal Bahadur Shastri, along with his hundreds of supporters, joined the Congress Party, here at the Delhi Pradesh Congress Committee (DPCC) office on Saturday.

see more..
ED attaches assets worth Rs 204 31 Cr in a bank fraud case

ED attaches assets worth Rs 204 31 Cr in a bank fraud case

18 Jan 2020 | 9:11 PM

New Delhi, Jan 18 (UNI) Enforcement Directorate (ED) has filed prosecution complaint on Friday under Section 45 of Prevention of Money Laundering Act against Bhushan Power & Steel Limited (BPSL) Chairman cum Managing Director Sanjay Singal and 23 other persons including entry operators based in Delhi, Mumbai and Kolkata who had provided accommodation entries facilitating the process of money laundering, an official release said here on Saturday.

see more..
image