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Business Economy


Niti Aayog suggests Finance Com for performance-based grants

New Delhi, Apr 15 (UNI) The NITI Aayog on Monday suggested the 15th Finance Commission for the award of performance-based grants for states or sectors.
Observing that richer states grew faster than poorer states, the NITI Aayog has made suggestions to the Commission on transfer of resources to states by the Centre.
The second meeting of the Finance Commission with the NITI Aayog held here in which its vice-chairman Rajeev Kumar, members, CEO and other senior officials, interacted with the Finance Commission led by chairman N K Singh.
The Aayog also listed out certain possible indicators for the consideration of the Commission, its made recommendations on Innovation and Transformation funds as well as on Medium Term Expenditure Framework.
Appreciating the suggestions of the Aayog, Mr Singh said there were concrete new thoughts and Commission would certainly examine the recommendations thoroughly.
The Chairman added that since NITI Aayog was an important and integral part of the Central Government, its recommendations must be part of the Central Government Memorandum to the Finance Commission.
The Members also exchanged views on the issues raised by the Aayog and discussed relevant issues like the Centrally Sponsored Schemes – which have now been made Co-terminus with the award period of the respective Finance Commission, conditionality/lack-of-conditionality of the horizontal, vertically and sector specific, and striking balance between performance grants and basic grants.
UNI SW ADG 1859
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FICCI Ladies Orgn comes face to face with Mumbai police on women safety day

22 Aug 2019 | 7:11 PM

Mumbai, Aug 22 (UNI) FICCI Ladies Organization (FLO) Mumbai Chapter held an interactive session to resolve queries and doubts on women’s safety at work and in the digital space.

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12th grade student creates 'Udhaar Khaata' App for small shopkeepers and vendors

22 Aug 2019 | 6:58 PM

New Delhi, Aug 22 (UNI) A 12th grade student has launched the “Udhaar Khaata” mobile application in the NCR region for small shopkeepers, vendors, and kiosk owners.

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TTD plans to adopt Iris tech in devotees darshan program

22 Aug 2019 | 6:57 PM

Tirupati, Aug 22 (UNI) Tirumala Tirupati Devasthanams (TTD) is planning to adopt Iris techniques along with the biometric technology in the devotees darshan program.

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NSE EMERGE achieves 200th SME listing milestone

NSE EMERGE achieves 200th SME listing milestone

22 Aug 2019 | 6:47 PM

Mumbai, Aug 22 (UNI) National Stock Exchange of India Limited (NSE) on Thursday achieved yet another milestone of 200 listings of SME companies on its NSE EMERGE platform, in the presence of Nitin Gadkari, Minister of Micro, Small and Medium Enterprises and Road Transport and Highways.

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WTO reforms must be taken up by all member countries: Piyush Goyal

22 Aug 2019 | 6:30 PM

New Delhi, Aug 22 (UNI) Union Commerce and Industry Minister Piyush Goyal said on Thursday that the time has come to take on the policies of protectionism and unilateral measures by some developed countries that are having an adverse effect on global free trade and if this continues there will be recession in the world and no country will escape it.

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