NITI Aayog Vice Chairman Rajiv Kumar today said India needs to develop a model of capitalism that is “caring and compassionate” and not solely driven by profit maximisation.
The government on Wednesday said that there has been no decline in the cargo container business after implementation of the Goods and Services Tax (GST) last year.
For India to grow at 9-10 per cent for three decades consistently and reap the dividend of demographic advantage, promoting entrepreneurship among women has to be the key strategy, Niti Aayog CEO Amitabh Kant said.
Days after Amartya Sen lamented that India has taken a quantum jump backwards since 2014, Niti Aayog Vice Chairman Rajiv Kumar today said the Nobel laureate should spend some time in the country to see the structural reforms undertaken by the Modi government.
Government think tank Niti Aayog is working on a proposal to replace LPG subsidy with cooking subsidy in order to extend the benefits to people using piped natural gas and biofuels for cooking purposes, a top official said.
The mines ministry is looking at the industry's proposal to classify royalties from mines as input cost under the Goods and Services Tax, a top official said.
As many as 11 mineral blocks of the total 43 auctioned will start production by the year-end, Mines Minister Narendra Singh Tomar said.
Emergence of India as the sixth largest economy was very much expected but still there is a long way to go as the per capita income of the country is still low, Niti Aayog vice chairman Rajiv Kumar said.
When Indian Prime Minister Narendra Modi took power in 2014, he leaned on three Indian academics who had predominantly worked in the United States to drive a liberal, globalized economic policy.
Niti Aayog has proposed 15-point action plan for combating air pollution in ten most polluted cities in the country, including Delhi, Kanpur and Varanasi.