In his opening remarks, the Prime Minister spoke of the government’s
recent initiatives, including the Pradhan Mantri Jan Dhan Yojana, direct
cash transfer of LPG subsidy and the Swachh Bharat Abhiyan
Economists invited to the first meeting of the NITI (National Institute
for Transforming India) Aayog on Friday drew Prime Minister Narendra
Modi’s attention to the need for a renewed focus on India’s high-cost,
low-productivity farm sector, in addition to the manufacturing sector
that is being given a push through the “Make in India” campaign.
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.
Union Finance Minister Arun Jaitley said here on Friday 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
Those who participated in the meeting included 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.
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