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The data for states and union territory is from niti.gov.in. [1] [2] As per NITI Aayog Innovation Report Book, Innovation is defined as "creation, development and implementation of a new product, process or service, with the aim of improving efficiency, effectiveness or competitive advantage".
The NITI Aayog (lit. ' Policy Commission '; abbreviation for National Institution for Transforming India) serves as the apex public policy think tank of the Government of the Republic of India, and the nodal agency tasked with catalyzing economic development, and fostering cooperative federalism and moving away from bargaining federalism through the involvement of State Governments of India in ...
Interest free loan of around ₹ 5,124 crore to each. [102] Starting January 1, 2022, the government started taking applications under its incentive scheme in developing a full ecosystem for the chip manufacturing industry and expects at least a dozen semiconductor manufacturers to start setting up local factories in the next several years. [103]
Bibek Debroy - chairman of the council, who was a member of NITI Aayog. Dr. Shamika Ravi, as a full time member who was also earlier member of the EAC. Sanjeev Sanyal, as full-time member, who was Principal Economic Advisor of Finance Minister. Dr. Sajjid Z. Chinoy, as part-time member, who is Chief India Economist at J.P. Morgan
National Statistical Office (NSO) is mandated with the following responsibilities: acts as the nodal agency for planned development of the statistical system in the country, lays down and maintains norms and standards in the field of statistics, involving concepts and definitions, methodology of data collection, processing of data and dissemination of results;
The Finance Commission (Miscellaneous Provisions) Act, 1951 was passed to give a structured format to the finance commission and to bring it to par with world standards, by laying down rules for the qualification and disqualification of members of the commission, and for their appointment, term, eligibility and powers. [3]
The Council comprises the Prime Minister, the Union Cabinet Ministers, Chief Ministers of all States or their substitutes, representatives of the Union Territories and the members of the NITI Aayog (erstwhile Planning Commission). NDC (National Development Council) has been proposed to be abolished.
The first meeting of NITI Aayog was chaired by Narendra Modi on 8 February 2015. NITI Aayog's mandate is to support the center and the states in transforming India by promoting cooperative federalism by fostering the involvement of State Governments of India in the economic policy-making process using a bottom-up approach. The Governing Council ...