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Hospitalisation costs need to come down amid 'vengeance' hikes, insurers tell NITI Aayog

Money Control

Money Control · 9m ago

Hospitalisation costs need to come down amid 'vengeance' hikes, insurers tell NITI Aayog

Health insurance companies and hospitals in India are discussing ways to make healthcare more affordable. Insurers raised concerns about opaque pricing structures and inadequate disclosures by high-end hospitals and doctors. They highlighted the steep rise in treatment costs, especially during the Covid-19 pandemic. Hospitals denied adopting unethical practices and emphasized the need for transparency and standardization of costs. The industry is also looking to address delays in discharge and is pushing for the establishment of a regulatory body for healthcare providers. The aim is to find consensus and make healthcare more accessible for all Indians.

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NITI Aayog Lays Out Roadmap To Boost Exports From MSMEs

Inc42 · 1y ago

NITI Aayog Lays Out Roadmap To Boost Exports From MSMEs

The report from NITI Aayog suggests several measures to boost exports from micro, small, and medium enterprises (MSMEs) in India. It highlights the need to distinguish between exporter on record (EOR) and seller on record (SOR) for ecommerce exports and recommends a green channel clearance for MSME ecommerce exporters. The report also calls for easing compliance requirements and providing time-bound disbursement of incentives for MSMEs. NITI Aayog emphasizes the significant contribution of MSMEs to employment generation, exports, and overall economic growth in India. They also identify specific sectors such as handicrafts, textiles, ayurveda, and leather goods as export opportunities for Indian MSMEs.

NITI Aayog may prepare a blueprint to push India's private capex

Economic Times

Economic Times · 1m ago

NITI Aayog may prepare a blueprint to push India's private capex

The NITI Aayog plans to create a strategy to boost private infrastructure investment, responding to a projected 25% decline in private sector capital expenditure this fiscal year. Despite government encouragement for increased capex, private sector participation remains inadequate. The focus will be on improving regulatory compliance, finance costs, skilled labor availability, and ease of business. The Aayog will consult industry leaders and stakeholders to address existing challenges and encourage private sector investment.

NITI Aayog invites EoI for undertaking research on ’Cost of Doing Business in India’

Livemint

Livemint · 7m ago

NITI Aayog invites EoI for undertaking research on ’Cost of Doing Business in India’

The Indian government's think tank, NITI Aayog, has invited expressions of interest for researching the "Cost of Doing Business in India" (CoDB). As India faces competition from countries like Vietnam, China, and Indonesia offering lower operational costs in key sectors, understanding these costs is crucial for attracting investment and fostering a favorable business environment. The study will assess factors like labor, capital, land, utilities, and regulatory compliance to identify areas for reform and enhance India's global competitiveness.

Move beyond Trump’s tariff war: Former Niti Aayog CEO Amitabh Kant warns of a deeper global economic reset

Economic Times

Economic Times · 3m ago

Move beyond Trump’s tariff war: Former Niti Aayog CEO Amitabh Kant warns of a deeper global economic reset

Former NITI Aayog CEO Amitabh Kant warns about a profound shift in the global economic landscape beyond headline tariffs. He highlights a reset in global trade amid rising geopolitical tensions, broken supply chains, and a shift from free trade to protectionism, noting the impact of Trump's tariffs. Kant sees the end of post-WWII economic stability as countries like the U.S. and China grapple with new conflicts, presenting India with potential opportunities for strategic supply chain diversification.

Need for robust data quality to fortify digital governance, cultivate public trust: Niti Aayog report

Economic Times

Economic Times · 1m ago

Need for robust data quality to fortify digital governance, cultivate public trust: Niti Aayog report

Niti Aayog emphasizes the need for robust data quality in digital governance to build public trust and ensure efficient service delivery. Their report introduces tools like a Data-Quality Scorecard and a Data-Quality Maturity Framework. With India's digital foundations in place, the focus is now on ensuring data accuracy and trustworthiness. Embedding data quality cells, linking quality to outcomes, and supporting capacity building and leadership development are essential for sustaining momentum in digital governance.

Govt has limitations, private sector should step in to fund R&D: Jitendra Singh

Economic Times

Economic Times · 1m ago

Govt has limitations, private sector should step in to fund R&D: Jitendra Singh

Union Science and Technology Minister Jitendra Singh emphasized the need for private sector funding in research initiatives, acknowledging government limitations. He advocated a change in mindset regarding funding distribution, underscoring private sector participation for global competitiveness. Singh highlighted the newly established Anusandhan National Research Foundation aimed at guiding research and innovation. A NITI Aayog report urged structural reforms and strategic partnerships for State S&T Councils to address challenges like fragmented mandates and insufficient resources.

From carrot to stick—Niti Aayog moots stiff norms for EV push

Livemint

Livemint · 5d ago

From carrot to stick—Niti Aayog moots stiff norms for EV push

Niti Aayog proposes higher taxes, stricter emission norms, and increased registration costs for fossil fuel vehicles to accelerate electric vehicle (EV) adoption in India. This strategy aims to move beyond incentives, addressing India's lagging EV adoption compared to global leaders like China and the US. The approach seeks to mitigate supply-chain risks, enhance India's net-zero pathway by 2070, and transition from internal combustion engines to environmentally friendly alternatives through policy shifts emphasizing mandates and penalties.

India needs multi-pronged approach to tap quantum computing potential: Niti Aayog paper

Economic Times

Economic Times · 5m ago

India needs multi-pronged approach to tap quantum computing potential: Niti Aayog paper

India must adopt a multi-pronged strategy to harness quantum computing's potential while ensuring national security, according to a NITI Aayog research paper. The report highlights the need for bilateral partnerships and a strategic framework to address quantum computing's opportunities and threats. It emphasizes deep collaboration between government, industry, and academia, along with investing in indigenous capabilities. The National Quantum Mission aims to build a domestic quantum technology ecosystem, essential for maintaining competitiveness and security in the evolving quantum landscape.

India should lead the world in technological advances: Former Niti Aayog CEO Amitabh Kant

Economic Times

Economic Times · 4m ago

India should lead the world in technological advances: Former Niti Aayog CEO Amitabh Kant

Former Niti Aayog CEO Amitabh Kant stressed India's need for technological sovereignty and leadership, avoiding mere imitation of Western nations. Speaking at Startup Mahakumbh, he urged startups to explore deeptech sectors like AI, space, and green technology, advocating for open-source models based on domestic data. Highlighting China's dominance in solar, battery, and EV markets, Kant emphasized India's challenge to significantly advance in these areas, noting the rise of recognized startups from 400 in 2016 to over 161,000 by 2025.

Startups Must Adhere To Self-Regulating Ecosystem: Amitabh Kant

Inc42 · 1y ago

Startups Must Adhere To Self-Regulating Ecosystem: Amitabh Kant

The first-ever 'Startup Mahakumbh' event brought together startups, investors, incubators, accelerators, and industry leaders in India. Former CEO of NITI Aayog, Amitabh Kant, highlighted the need for a self-regulating ecosystem among startups to ensure transparency and ethical behavior. Kant mentioned challenges faced by leading startups in terms of regulations and financial management. Over 1,000 startups, 1,000 investors, 500 incubators and accelerators, 5,000 conference delegates, and 40,000 business visitors participated in the event, which included sessions on various sectors such as AI, agritech, fintech, and D2C.

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