It is fallacious to depict NITI Aayog as successor to the Planning Commission of India. Though the government think tank initially drew its manpower from the planning body and is still housed in the erstwhile Yojana Bhawan of Lutyens’ Delhi, it can at best be introduced as a distant cousin of the Soviet era behemoth.… Continue reading NITI Aayog has influence. Can it ever be a bridge between the Centre and states?
Author: Economic Times of India Online News
Voluntary vehicle recall up four-fold in 2021-22
Gadkari said that a total of 20.7 lakh vehicles were recalled by the vehicle manufacturers from April 2019 to July 15, 2022. NEW DELHI: Voluntary recall of vehicles by manufacturers saw a nearly four-fold increase in 2021-22 compared to 2020-21, according to data provided by the road transport ministry to Parliament. The spike was recorded… Continue reading Voluntary vehicle recall up four-fold in 2021-22
Number of startups in India grows to 72,993 in 2022 from 471 in 2016
NEW DELHI: The total number of recognised startups in India rose from 471 in 2016 to 72,993 as on 30th June 2022, helped by proactive government interventions, Minister of State for Commerce and Industry Som Parkash said on Friday. Startups and the entire technology ecosystem are the engines of growth for any country. Recognising this… Continue reading Number of startups in India grows to 72,993 in 2022 from 471 in 2016
India’s R&D spends amongst the lowest in the world: NITI Aayog study
India’s spending on research and development (R&D) is among the lowest in the world, per a study conducted by government think-tank NITI Aayog and Institute for Competitiveness. R&D investment in India, in fact, has declined from 0.8% of the GDP in 2008–09 to 0.7% in 2017-18. Data shows that India’s GERD is lower than the… Continue reading India’s R&D spends amongst the lowest in the world: NITI Aayog study
MGNREGA helped rural people cope with the pandemic: Official
MGNREGA played a “very significant” role in helping people in rural areas cope with the pandemic, a top ministry official has said, adding that the government created more work days under the scheme during that time. A total of 260 crore person days were created in 2019 whereas this number rose to 390 crore person… Continue reading MGNREGA helped rural people cope with the pandemic: Official
TANSIM aims to cover 100 start-ups under TANSEED 4.0
The government said many start-ups which received the support of TANSEED in the previous three editions have scaled up their businesses and successfully raised venture capital funding from prominent investors. Chennai: Tamil Nadu Start-up and Innovation Mission (TANSIM) set up by the state government to boost entrepreneurships is inviting applications under TANSEED 4.0 to provide… Continue reading TANSIM aims to cover 100 start-ups under TANSEED 4.0
Tata Group chief warns of UK steel plant closures without subsidy
Chairman of Tata Sons Natarajan Chandrasekaran Tata Group chair, Natarajan Chandrasekaran, has warned that the company could be forced to shut down Tata Steel‘s plants in the UK without a British government subsidy deal worth around 1.5 billion pounds. Tata Steel owns the UK’s largest steelworks at Port Talbot in South Wales and employs around… Continue reading Tata Group chief warns of UK steel plant closures without subsidy
Foreign exchange reserves fall $7.541 billion to $572.712 billion
FCAs fell by USD 6.527 billion to USD 511.562 billion in the reporting week, according to the Weekly Statistical Supplement released by RBI. The country’s foreign exchange reserves declined by USD 7.541 billion to USD 572.712 billion in the week ended July 15 as the Reserve Bank continued to intervene in the market to curb… Continue reading Foreign exchange reserves fall $7.541 billion to $572.712 billion
COP26 President Alok Sharma on two-day visit to India
Alok Sharma As the man who was entrusted to ensure to move the global effort to tackle climate change forward, Alok Sharma is focused on ensuring countries are working to deliver on their Glasgow pledges. The former UK business minister, who serves as COP26 President is in India on a two-day visit. Among the issues… Continue reading COP26 President Alok Sharma on two-day visit to India
Show-cause notices sent to EV makers on fire episodes: Gadkari
Nitin Gadkari Union Road Transport and Highways Minister Nitin Gadkari has told the Parliament that all the EV two-wheelers companies have been served show-cause notices after their vehicles caught fire owing to battery issues. Replying to a question in the Lok Sabha, he said the CEOs and Managing Directors of EV manufacturers have been issued… Continue reading Show-cause notices sent to EV makers on fire episodes: Gadkari