Monday, Sep 24 2018 | Time 09:47 Hrs(IST)
image
  • PML-N, PPP mulling joining hands in bypolls
  • Karvan-e-Aman bus leaves for PoK
  • Two revenue officials killed in Kupwara accident
  • Major infiltration bid foiled, two militants killed in Kupwara
  • UN chief censures militant attack on south-west Iran
  • Three injured in Imphal blast
  • New US, China tariffs set to take effect, no compromise in sight
  • Opposition leader Solih says he has won Maldives election
  • Cuba's new president makes first trip to old Cold War foe United States
  • Opp Presidential candidate Solih wins Maldives polls: Reports
  • Maldives opposition candidate says he has won presidential election
  • Asia Cup : Rohit, Dhawan guide India to victory
Business Economy Share

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.
UNI ADP SHK 2024
More News

Walmart-Flipkart deal will adversely affect small traders: CAIT

23 Sep 2018 | 6:29 PM

New Delhi, Sep 23 (UNI) Small businesses across the country will participate in Bharat Trade Bandh on September 28 against Walmart Flipkart Deal & FDI in retail trade under the umbrella of the Confederation of All India Traders (CAIT).

 Sharesee more..

City industrialist Purnachandra Rao elected as National VP for IACC

23 Sep 2018 | 5:00 PM

Hyderabad, Sept 23 (UNI) Hyderabad-based industrialist, Purnachandra Rao Surapaneni has been elected unanimously as National Vice President of the Indo-American Chamber of Commerce (IACC).

 Sharesee more..

Punjab Infotech launches three weeks 'certificate course in business first portal'

23 Sep 2018 | 4:41 PM

Chandigarh, Sept 23 (UNI) In a bid to familiarise the entrepreneurs and investors keen in making investments besides assisting new and existing industries in availing various regulatory and fiscal incentives online, the Punjab Infotech in sync with Industries and Commerce Department has launched a three weeks 'Certificate Course in Business First Portal'.

 Sharesee more..
Fuel prices on rise; petrol inches closer to Rs 90 p/l in Mumbai

Fuel prices on rise; petrol inches closer to Rs 90 p/l in Mumbai

23 Sep 2018 | 3:33 PM

New Delhi, Sept 23 (UNI) Fuel prices witnessed another hike on Sunday when petrol prices in Delhi, increased by 17 paise per litre and diesel by 10 paise per litre.

 Sharesee more..

Rajiva Kumar Sinha appointed head of NTPC Kudgi Super Thermal Power Project

23 Sep 2018 | 3:17 PM

Bengaluru, Sep 23 (UNI) Mr Rajiva Kumar Sinha has assumed charge as Group General Manager (Head of Project) Kudgi Super thermal Power Project in Bijapur district of Karnataka.

 Sharesee more..
image