NITI Aayog

Air India joins industry bodies FIA, AAPA
IANS -
In the domestic arena, the flag carrier has rejoined the FIA which FIA works with regulatory authorities, government departments and other stakeholders to highlight key areas of concern, including safety, passenger amenities, ground services and aviation protocols, among others, with an overall objective of fostering safety & growth in the country's aviation sector.
Economic growth in India, China, Indonesia will be less affected: S&P Global Ratings
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"We see a significant risk that the Russia-Ukraine military conflict drags on, exacerbating Europe's energy crisis, while at the same time interest rates in developed markets may have to rise even more sharply than in our base case to mitigate broadening inflation pressures," said Jose Perez Gorozpe, S&P Global Ratings Emerging Markets Head of Credit Research.
With 950 billionaires, Asia outnumbers all other regions
IANS -
A region-by-region analysis of assets owned by more than 2,400 people on the Forbes 'Real-Time Billionaires List', by Nikkie Asia, showed $4.7 trillion in North America, followed by $3.5 trillion in Asia, and $2.4 trillion in Europe."By country, the US ranked first with 719 billionaires followed by China with 440. India has 161," the report said on Tuesday.
British pound plunges to all-time low against USD
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During early Asia trade on Monday morning, the pound fell by more than 4 per cent to $1.0327 before regaining some ground to around $1.05, said the BBC report. Monday's slump came just two days after the British currency fell to a fresh 37-year low against the US dollar as investors worried that large-scale tax cuts announced by the government would bring much fiscal uncertainty.
Niti Aayog CEO highlights importance of financing for EVs
IANS -
He also called for reducing risks in financing for electric vehicles (EV). Speaking at an event, Iyer while highlighting the significance of green mobility, said that it is going to help a great deal in decarbonisation. He further noted that greater penetration of electric vehicles is needed in rural India, as rapid urbanisation is taking place there.
Niti Aayog in two minds on PMGKAY extension
IANS -
Sources privy to developments in Niti Aayog said that the scheme -- under which free food grains are provided to poor (covered under the National Food Security Act provisions) to ease the hardships they faced when the Coronavirus pandemic had erupted in 2020 -- should not be extended beyond September as the situation vis-a-vis availability of food grains has improved in the last two years.
NITI Aayog's ex-CEO Amitabh Kant may be India's G20 Sherpa
IANS -
A Sherpa will have to devote a lot of time for meetings to be held in different parts of the country. On the other hand, Goyal has other important tasks on hand like serving as the Leader of the Rajya Sabha and also handling the work in his important Ministries like Commerce and Industry, Textiles, and Consumer Affairs, Food and Civil Supplies.
Sequoia India and Southeast Asia raise $2.85 billion to empower founders
IANS -
"This fundraise, which comes at a time when markets are starting to cool after a very long bull run, signals our deep commitment to the region and the faith our Limited Partners have in the long-term growth story of India and Southeast Asia," the company said in a statement on Tuesday. The region's startup ecosystem has grown rapidly in the last decade, thanks to the acceleration of digital adoption and rising consumer incomes.
Indo-Pacific Economic Framework Initiative - a game changer
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The recently launched Indo-Pacific Economic Framework (IPEF) marks the beginning of a new phase of economic cooperation and integration in the region juxtaposed against China's ambitious Belt and Road Initiative (BRI) and Regional Comprehensive Economic Partnership (RCEP) led by it. There are genuine concerns regarding China's rise to power with regional and global implications.
India-based fintechs continue to dominate funding in Asia-Pacific
IANS -
Geographically, India-based fintechs dominated funding in APAC, accounting for 42 per cent and 34 per cent of total deal value and volume, respectively, in the region. According to S&P Global Market Intelligence, fintech companies based in APAC surpassed previous deal values and volumes observed in the March quarter over the past three years.
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