Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

PM’s economic panel to link growth with social aspects

Author: IANS/Friday, November 10, 2017/Categories: Economy

PM’s economic panel to link growth with social aspects

New Delhi, Nov 10 - The Economic Advisory Council to the Prime Minister (EAC-PM) on November 10 stressed the need for linking economic growth indicators with social indicators and said it was evolving the design of a new "economy tracking monitor" to do that.

The Council also laid out a road map for stepping up job creation, skill development and recommended enhanced resource investment in social sectors including health and education. It also made a case for boosting infrastructure financing.

The recommendations came during the second meeting of the Council chaired by NITI Aayog Member Bibek Debroy.

"The council is evolving the design of a new 'economy tracking monitor' which would link economic growth indicators with social indicators for last mile connectivity," a statement issued after the meeting said.

During the meeting, the advisory body took stock of the economic and social analysis done by the theme groups and identified key issues, strategies and recommended interventions in respect of those themes, the statement said.

"It formulated far-reaching recommendations to guide the evolving framework for the Fifteenth Finance Commission, including the incentivisation of states for achieving health, education and social inclusion outcomes," it said. 

Improvements needed in National Accounts and innovative steps for unlocking growth, exports and employment potential were also deliberated upon -- including through transformation of India's Gold Market.

The meeting was attended by EAC-PM Chairman Bibek Debroy and members including economists Surjit Bhalla, Rathin Roy, Ashima Goyal, Shamika Ravi and Member Secretary Ratan P. Watal. 

During the meeting, Debroy underlined the need for infrastructure financing to be accorded high priority, with new mechanisms for a risk coverage umbrella. 

NITI Aayog Member Vinod Paul highlighted strategies for achieving Swastha Bharat (healthy India) by 2022, while Skill Development Secretary K.P. Krishnan highlighted various skill development strategies and convergent initiatives to reach out to the youth and women. 

Chief Statistician T.C.A. Anant outlined improvements needed in National Accounts, complemented by the presentation by NITI Aayog's Principal Adviser Watal demystifying issues on the current account deficit and the gold market. 
 

Print Rate this article:
No rating

Number of views (82)/Comments (0)

Kavita Giridhar Mallya

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.