-PTI New Delhi: State governments need to capitalise their credit institutions to get access to long-term finance and have better control over their credit flow, a NITI Aayog official said. The states have no control over the long-term finance right now, but nobody is stopping them from recapitalising finance corporations which will allow them to on-lend at attractive rates to entrepreneurs, NITI Aayog Special Secretary Yaduvendra Mathur said. “States can’t just wait that...
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A misguided stimulus plan to revive our economic growth -Himanshu
-Livemint.com The government’s prognosis overlooks the rural stress that is at the heart of the economy’s troubles Last week saw a flurry of activity from the government aimed at reviving the economy. So far, it was in denial, but it has now woken up to the economic crisis that is spreading like wildfire. The vice-chairperson of NITI Aayog termed the crisis the worst since independence. Several members of the economic advisory council...
More »Improvement in water management index not enough, says report -Ditsa Bhattacharya
-Newsclick.in The CWMI report, released by NITI Aayog, also pointed out that the larger economic contributors across the country have low water management scores, and this can hamper India’s economic progress. According to the Composite Water Management Index (CWMI) 2019 released by the NITI Aayog on Friday, August 23, even though the states across the country are making progress in water management, the overall performance still remains well below what is required...
More »Need to eliminate distrust within private sector, 'extraordinary' steps needed: NITI Aayog on slowdown
-The Indian Express Explaining the origins of the present economic situation, the NITI Aayog vice-chairman said: "The entire episode started with indiscriminate lending during 2009-14 leading rise in non-performing assets (NPAs) post-2014." The Centre’s policy think tank NITI Aayog stated Thursday that the prevalent slowdown in the country’s economy is due to the distrust amongst the private sector where the credit situation is stagnant. “Nobody is trusting anybody else… within the...
More »13 States, UTs improve their water management practices -Jacob Koshy
-The Hindu Gujarat tops rankings for second time New Delhi: Thirteen of the 27 States and Union Territories have improved their water management practices from last year, an analysis by the NITI Aayog has revealed. Gujarat, though it dropped a point, topped the rankings for the second year in a row with a score of 75 out of a maximum possible 100. Six States did worse than last year — with Delhi, which was...
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