financetom
Economy
financetom
/
Economy
/
NITI Aayog recast gets PM Modi’s approval, Rajiv Kumar to continue as vice-chairman, but fate of Amitabh Kant, Bibek Debroy uncertain
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
NITI Aayog recast gets PM Modi’s approval, Rajiv Kumar to continue as vice-chairman, but fate of Amitabh Kant, Bibek Debroy uncertain
Jun 6, 2019 10:45 AM

Prime Minister Narendra Modi on Thursday approved the reconstitution of NITI Aayog, retaining most of the existing members and appointing union home minister Amit Shah as an ex-officio member in the fifth meeting of the think-tank’s governing council.

Share Market Live

NSE

Rajiv Kumar, whose term ends this month, will continue as vice-chairman, but there is a cloud on the fate of CEO Amitabh Kant and member, Bibek Debroy, according to people familiar with the matter. The tenure of Kant, the high-profile bureaucrat, ends in a couple of months, but his name is not on the PM-approved list, which has created some confusion, said a person privy to the matter, requesting anonymity.

Other existing members VK Saraswat, Ramesh Chand and VK Paul have been retained.

Besides Shah, whose name figures in several ministerial panels, defence minister Rajanth Singh, finance minister Nirmala Sitharaman and agriculture minister Narendra Singh Tomar will be ex-officio members.

Transport minister Nitin Gadkari, commerce and industry and railway minister Piyush Goyal, social justice minister Thawar Chand Gehlot and statistics minister Rao Inderjit Singh will be special invitees. The council, the apex body of Niti Aayog, includes all chief ministers, lieutenant governors of union territories, several union ministers and senior government officials.

Headed by the Prime Minister, the governing council's first meeting took place on February 8, 2015. The second meeting of council on July 15, 2015, reviewed the progress made by the three sub-groups of chief ministers and the two task forces. In the third meeting of the council on April 23, 2017, Modi had pitched for conducting simultaneous elections of the Lok Sabha and the state assemblies and shifting to a January-December fiscal year.

The fourth meeting of the council on June 17, 2018, deliberated upon measures taken to double farmers' income and the progress of government's flagship schemes.

First Published:Jun 6, 2019 7:45 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Speculators Trim 2025 Rate-Cut Bets Ahead Of March Fed Meeting As Inflation Risks Rise
Speculators Trim 2025 Rate-Cut Bets Ahead Of March Fed Meeting As Inflation Risks Rise
Mar 18, 2025
Speculators are dialing back expectations for Federal Reserve interest rate cuts in 2025 ahead of the March Federal Open Market Committee meeting, as inflation concerns cast doubt on the central bank's willingness to ease policy. Data from Kalshi, a CFTC-regulated betting platform, indicates that traders are shifting bets toward fewer than three rate cuts. The most favored scenario now anticipates...
February Home Prices Rise at Slowest Annual Rate Since August 2023, Redfin Says
February Home Prices Rise at Slowest Annual Rate Since August 2023, Redfin Says
Mar 18, 2025
01:51 PM EDT, 03/18/2025 (MT Newswires) -- US home prices increased last month at the slowest annual pace since August 2023, a development that could lure more prospective buyers back into the market, Redfin (RDFN) said Tuesday. Prices grew 5.1% year over year in February, the real estate brokerage said. The annual growth has now slowed for 10 straight months,...
Federal Reserve Next Up As Japan Maintains Rates Despite Inflation And Trump Tariff Concerns
Federal Reserve Next Up As Japan Maintains Rates Despite Inflation And Trump Tariff Concerns
Mar 18, 2025
The Bank of Japan unanimously voted Wednesday to maintain its benchmark interest rate at 0.5%, as policymakers weigh potential economic impacts from U.S. tariff policies under President Donald Trump‘s administration while monitoring domestic inflation that remains above target. What Happened: The decision comes as Japan’s Nikkei 225 index rose 0.62% to 38,081.23, while the yen held relatively steady at 149.31...
Daily Roundup of Key US Economic Data for March 18
Daily Roundup of Key US Economic Data for March 18
Mar 18, 2025
02:54 PM EDT, 03/18/2025 (MT Newswires) -- Housing starts rose by 11.2% to a 1.501 million annual rate in February, compared with expectations for a smaller increase, with single-family housing starts and multi-family starts both higher. Building permits fell by 1.2% to a 1.456 million rate in February, with declines in both single-family and multi-family permits. Homes permitted but not...
Copyright 2023-2025 - www.financetom.com All Rights Reserved