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    NITI AAYOG MEMBER OF HEALTH

    New venture capital firm Synapses to invest in climate tech, health tech startups
    According to managing partner Ruchira Shukla, the fund will focus on mitigating climate change to building resilience and adaptation. This will include health tech solutions, all falling within the climate tech realm, with a specific focus on STEM.
    Multilateral development banks’ reforms incomplete without similar reforms at IMF: Niti Aayog’s Suman Bery
    Since the Asian financial crisis (in 1997), India has run its macroeconomy essentially to make sure that the current account deficit is around 2% of the GDP and to build up reserves, says the economist.
    70-hour workweek debate: Factors you should consider before making a choice
    Narayana Murthy, co-founder and former CEO of Infosys, in a podcast had said that productivity has to rise for the country to grow. “So, therefore, my request is that our youngsters must say, ‘This is my country. I’d like to work 70 hours a week’,” he had said.
    India unlikely to have hyperloop trains in near future: NITI member V K Saraswat
    India is unlikely to adopt hyperloop technology for high-speed trains in the near future due to its low level of technological maturity and economic viability. NITI Aayog Member V K Saraswat noted that foreign offers for the technology were not viable, and hyperloop remains a study program.
    Pvt sector can provide advisory services, tech to support agricultural development: Ramesh Chand
    "Private sector can play a critical role in precision farming In India. It can provide advisory services, agrochemicals, and suitable technology to support agricultural development," the NITI Aayog member said.
    Agriculture’s share in global economy up: Ramesh Chand
    “The agricultural sector’s contribution to global GDP has increased from 3.2% in 2006 to 4.3% in 2021 while the growth rate in manufacturing and non-agricultural sectors has slowed even in the developing countries,” Ramesh Chand said while speaking at the inaugural session of Kautaliya Economic Conclave 2023 on Friday.
    • Principal secretary to PM reviews progress in implementation of G20 New Delhi Leaders' Declaration
      The principal secretary to the prime minister, P K Mishra, chaired a meeting to review preparations for the G20 Virtual Summit and the Voice of Global South Summit 2.0. Progress in implementing the G20 New Delhi Leaders' Declaration was also discussed. Mishra announced the establishment of a high-level monitoring mechanism to oversee its implementation.
      High-risk medical gear makers get more time for licence compliance
      The Drugs Controller General of India (DCGI) has announced that manufacturers and importers of high-risk medical devices who have applied for a license before September 30 can continue to supply them in the market for another six months. New regulations state that medical devices in the 'class C' and 'class D' categories cannot be sold without a license. Many manufacturers have applied for licenses but have not received them on time. The government's think tank, NITI Aayog, has recommended that all medical devices meet safety and quality standards.
      Delhi HC asks Niti Aayog committee to expedite process on integrative medicine policy
      The Delhi High Court has asked a Niti Aayog committee to expedite the process of formulating a policy on an integrated medical system that combines different branches of medicine. The court observed that there is a wealth of knowledge in systems like allopathy, ayurveda, and homeopathy, and it should be examined whether they can be integrated. The court clarified that the issue of integration should be decided by experts. The petitioner argued that an integrated health system would improve the country's doctor to population ratio and strengthen the healthcare sector.
      Policy in works to scale up bamboo cultivation
      The policy, expected by the end of this year, is expected to lay down of BIS standards for bamboo, food and safety standards certification for bamboo products and geographical indications (GI) tagging to enhance exports opportunities for bamboo.
      India to clock GDP growth of 6.5 pc in FY24 despite high crude oil prices: NITI Aayog member Arvind Virmani
      The Indian economy is projected to grow at around 6.5% in the current fiscal year, according to Arvind Virmani, a member of NITI Aayog. He also stated that the gross household savings ratio in India has consistently increased. Virmani dismissed claims by some US-based economists that India's economic growth is overstated, noting that they lack an understanding of how GDP is constructed.
      NITI Aayog plans policy to push local production of assistive devices
      The Indian government is developing a policy intervention to promote the mass manufacturing of assistive devices. The aim is to incentivize the private sector to undertake research and development (R&D) for this technology and increase production. Additionally, monetary support will be provided to individuals with disabilities to access assistive technology services.
      NITI Aayog working on policy to improve elderly care in the works
      The NITI Aayog in India is developing a policy to improve elderly care in the country. The aim is to have a comprehensive system in place to meet the needs of the growing elderly population, which is expected to reach 300 million people by 2050.
      India could reconsider ban once global demand falls, says NITI Aayog member Ramesh Chand
      Agricultural economist and NITI Aayog member Ramesh Chand has stated that India can export 20-22 million metric tonnes (MMT) of rice without any impact on domestic food security. The government has banned non-basmati white rice exports because the global demand had skyrocketed, and there was concern India could end up exporting over 30 million tonnes.
      India is no longer an abjectly poor nation. But it faces an equally compelling challenge: inequality
      There is an important subtext, though. This emerging cohort of the middle class is not homogenous. Measured in terms of household incomes, the middle class is stratified. The annual household income of the middle class varies between ₹5 lakh and ₹30 lakh. This intra-middle-class inequality gets amplified when this segment is compared with two other cohorts - destitute (less than ₹1.25 lakh) and wealthy households (more than ₹30 lakh).
      NITI Aayog issues guidelines for livestock telemedicine in India
      The framework, however, exempts a registered veterinary practitioner from any penal action should he/she fail to establish veterinarian-client (animal keeper)-patient (animal) relationship while rendering telemedicine consultation in case of an emergency.
      46.87 lakh in Assam escaped multi-dimensional poverty in 5 yrs: Niti Aayog report
      Assam has registered a significant decline of 13.30 percentage points in the number of multi-dimensional poverty, from 32.65 per cent in 2015-16 to 19.35 per cent in 2019-2021. About 46.87 lakh people have escaped multi-dimensional poverty in Assam.
      Proportion of poor dips to 14.9%, 135 mn pulled out of poverty
      About 135 million Indians have moved out of multidimensional poverty in the past five years, according to India's NITI Aayog. The proportion of poor in the country fell from 24.8% to 14.9% between 2015-16 and 2019-21. Uttar Pradesh saw the highest number of people exiting poverty, followed by Bihar, Madhya Pradesh, Rajasthan, and West Bengal.
      135 million Indians move out of multidimensional poverty in five years: NITI Aayog report
      India has significantly reduced multidimensional poverty in the past five years, according to the National Multidimensional Poverty Index, released by NITI Aayog. Out of a population of 1.366 billion, 135 million Indians moved out of multidimensional poverty, with the proportion of poor reducing from 24.8% to 14.9%. Uttar Pradesh saw the highest decline, with 34.3 million people escaping poverty, followed by Bihar and Madhya Pradesh.
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