• Agriculture sector to be pushed through the NITI Aayog
  • February 13, 2015

    The PM is expected to have a look over the country’s high-cost-low-productivity farm sector;  the economists of the Aayog bear the responsibility of the “think tank”


    The NITI (National Institute for Transforming India) Aayog on Friday urged the Prime Minister Narendra Modi to have a look over the needs for a renewed focus on India’s high-cost, low-productivity farm sector, in addition to the ‘Make in India’ supported manufacturing sector.

    So far in last nine months the NDA government has not launched any flagship programme for the agriculture sector. A guest participant’s statement put forth the importance of the needful in this direction, “It was said that alongside manufacturing, the agriculture sector, which is constrained by high costs and low productivity, needs focussed attention,” said a source present at Friday’s meeting.

    The Prime Minister started his speech presented the government’s recent initiatives, including the Pradhan Mantri Jan Dhan Yojana, direct cash transfer of LPG subsidy and the Swachh Bharat with his concerns to all other major sectors to be worked out. The economists, the release said, emphasised the need for the government to work towards high growth, a predictable tax regime, fiscal prudence and rapid infrastructure development.

    Economists’ contribution with investment, infra inputs for Budget

    On Friday  Mr Arun Jaitley, Union Finance Minister said here that economists invited to the first NITI Aayog meeting here presented views on the state of the economy and gave specific suggestions for the upcoming Union Budget, including steps that the government should take to boost investments and finance infrastructure projects.

    Being an ex-oficio member of the Ayog, Mr. Jaitley, said the Centre had no plans to give the NITI Aayog, planned as a think tank, statutory status.

    Modi to meet chief ministers

    Prime Minister Narendra Modi, is going to meet the Chief Ministers on Sunday.

    Among the participants in the meeting were former FICCI Director-General Rajiv Kumar, former Reserve Bank Governor Bimal Jalan, former Reserve Bank Deputy Governor Subir Gokarn and former Chairman, Commission for Agricultural Costs and Prices, Ashok Gulati.

    Along with Niti Aayog Vice-Chairman Arvind Panagariya, Chief Economic Adviser Arvind Subramanian and the Aayog’s full- time members Bibek Debroy and V.K. Saraswat, Minister of State for Finance Jayant Sinha and Planning Minister Rao Inderjit Singh were also present.

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