Wednesday, 17 January, 2018

PM, economists take stock of economy

PM Modi to meet economists, sectoral experts on January 10 Narendra Modi to meet economists today at NITI Aayog, discuss roadmap for growth, employment
Patty Aguilar | 13 January, 2018, 00:15

Finance Minister Arun Jaitley also expressed thanks to everyone for their "brain-storming-suggestions", as per government official statement said.

Briefing about the meeting, Kumar said experts emphasised that all efforts should be made to ensure doubling of farmers income, which often does not rise with increased production leading to decline in prices.

These immediate challenges to the economy topped the extensive discussion that Prime Minister Narendra Modi and senior cabinet colleagues had on Wednesday with economists and sector experts from across the country.

On the issue of unemployment, experts opined that rate of education is contributing to higher number of jobless youth, thus, "As you educate more people, raise aspirations and you have to provide them with jobs".

Niti Aayog has set up a task force to examine high frequency employment data.

Kumar added that NITI Aayog will soon come out with a new way of monitoring employment, based on various high-frequency data. "I am trying to create capability in the Aayog hopefully in collaboration with the Ministry of Labour to trap this data", he said.

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Warring parties are obliged by law to distinguish between civilians and lawful military targets, Zeid said. The Observatory said the blasts were the result of explosions in an arms depot east of Latakia.

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The gameplay, moves and even wall climbing are similar characteristics that the protagonists from the two franchises embody. But after its last sighting on the X-Box 360 and the PS3, the producers have remained quiet on a reboot of the series.

"Had an extensive interaction with economists and experts on "Economic Policy- the Road Ahead", the Prime Minister said in a tweet.

In his intervention, the Prime Minister thanked various participants for their suggestions and observations, on various aspects of the economy.

The meeting follows the Central Statistics Office's forecast that GDP growth in the current financial year will slow to a four-year low of 6.5%, from the provisional 7.1% seen in 2016-17, dragged down by deceleration in the agriculture and manufacturing sectors.

The Aayog vice chairman also said that all the experts backed the National Medical Commission Bill. "The PM was present for a significant period and showed keen interest in the presentations", said a source who was present in the meeting.

Kumar also disclosed the agenda of the meeting to ANI.

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