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Second meeting of EAC-PM focuses on job creation, social sector and infrastructure

New Delhi, Nov 10 (UNI) The Second Meeting of the Economic Advisory Council to the Prime Minister chaired by Dr Bibek Debroy, Member NITI Aayog, on Friday spelt out a clear road map for stepping up skill development, job creation; enhanced resource investment in the social sector- including for Health and Education and for boosting Infrastructure financing.
It formulated far reaching recommendations to guide the evolving framework for the Fifteenth Finance Commission, including the incentivization of States for achieving Health, Education and Social Inclusion outcomes.
The Council is also evolving the design of a new Economy Tracking Monitor, linking economic growth indicators with social indicators for last mile connectivity.
Improvements needed in National Accounts and innovative steps for unlocking the growth, exports and employment potential of growth drivers were also deliberated upon - including through transformation of India’s Gold Market.
The meeting was attended by the EAC-PM Chairman Dr. Bibek Debroy and Members - renowned economists Surjit Bhalla, Rathin Roy, Ashima Goyal, Shamika Ravi and Member alongwith the Member Secretary and Principal Adviser NITI Aayog Ratan P Watal.
The deliberations of the Council took stock of the economic and social analysis done by the theme groups and evolving initiatives led by different Members. The Council identified key issues, strategies and recommended interventions in respect of these themes.
Lead presentations to the Council were made by experts on key themes- including Infrastructure Financing by the Chairman EAC-PM Bibek Debroy, who underlined the need for infrastructure financing to be accorded high priority, with new mechanisms for a risk coverage umbrella.
Member NITI Aayog, Dr. Vinod K. Paul highlighted strategies for achieving Swastha Bharat by 2022. The Skill Development Strategies were presented by Secretary Skill Development, KP Krishnan who highlighted convergent initiatives to reach out to youth and women.
Secretary MoSPI, TCA Anant outlined improvements needed in National Accounts, complemented by the presentation by the Member Secretary EAC-PM, Ratan P Watal demystifying issues on the current account deficit and the gold market. He also shared recommendations on the evolving framework for the Fifteenth Finance Commission.
The unique feature of the new Economic Advisory Council to the Prime Minister is turning out to be its ability to link economic growth with social aspects, with greater last mile connectivity. Its value addition as an independent institutional mechanism for providing informed advice to the Prime Minister is increasingly being recognized, with focused time bound recommendations to move from policy to practice, benefiting from consultation with a wide spectrum of experts and stakeholders.
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Adani Group to Invest Rs 9000 Crore in Andhra Pradesh

24 Feb 2018 | 7:28 PM

Visakhapatnam, Feb 24 (UNI) Adani Group on Saturday signed an agreement with the Andhra Pradesh government to invest over Rs 9,000 crore in various projects, including development of a green field Port at Bhavanapadu, in next five years.

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Lulu Group to Build Rs 2000 Crore Convention Centre, 5 Star Hotel, Mall in Port city

24 Feb 2018 | 7:17 PM

Visakhapatnam, Feb 24 (UNI) UAE-Based Lulu Group will construct an international convention centre, hotel and shopping mall in this coastal Port city of with an investment of Rs 2,000 crores.

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International Business Festival to foster India-UK biz ties

24 Feb 2018 | 7:15 PM

New Delhi, Feb 24 (UNI) About 20 business delegations from India are expected to participate in the third edition of International Business Festival (IBF) being organised in partnership with Department of International Trade - UK government in Liverpool between June 12-28 this year.

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GoM recommends e-way bill implementation from April 1

GoM recommends e-way bill implementation from April 1

24 Feb 2018 | 7:07 PM

New Delhi, Feb 24 (UNI) A Group of State Finance Ministers (GoM) formed under GST Council and headed by Sushil Modi, Deputy Chief minister and Finance Minister, Bihar, has recommended the implementation of the electronic way bill or e-way bill from April 1, 2018.

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Narendra Modi is my favourite entrepreneur: Uber CEO

24 Feb 2018 | 7:06 PM

New Delhi, Feb 24 (UNI) Uber CEO Dara Khosrowshahi has said he admired Prime Minister Narendra Modi's entrepreneurial skills and commitment to progressive economic reforms in India, which accounts for 10 per cent of the total trips on the Uber rides app globally.

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