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The National Institute of Labour Economics Research and Development (NILERD) is an Indian autonomous institute under NITI Aayog and the Government of India. [1]It was established in 1962 as the Institute of Applied Manpower Research (IAMR) under the Societies Registration Act of 1860, to serve as a center for ideas and policy research on human capital development. [2]
NITI Aayog predicted that UPI will also surpass Visa and Mastercard by 2023. [90] UPI took three years to reach 1.14 billion in October 2019 while by the end of October 2020, the payment system registered 2.07 billion transactions. [18] In 2020, $457 billion worth of value was moved on UPI platform which was 15% of India's GDP. [91]
A report by the United Nations Development Programme (UNDP) released last week said the number of people living in multidimensional poverty fell to 16.4% of India's population in 2021 from 55% in ...
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 ...
The Development Monitoring and Evaluation Office (DMEO) under the NITI Aayog is responsible for evaluations. [15] Evaluation problems exist. [15] Ministries such as the transport ministry can show immediate physical outcomes of its schemes whereas in health related schemes, in certain cases, there is no output to show for. [15]
Projections for balance of payments: Export – ₹ 607 billion (US$7.1 billion), Imports – (-) ₹ 954 billion (US$11.2 billion), Trade Balance- (-) ₹ 347 billion (US$4.1 billion) Under the Seventh Five-Year Plan, India strove to bring about a self-sustained economy in the country with valuable contributions from voluntary agencies and the ...
This move was seen as prioritising the balance of payment crisis over the welfare of the Indian people and kick-started P.V. Narasimha Rao's economic reform process. [21] In 2024, the RBI has returned its 100 tonnes of gold reserves to India from the UK for the first time since 1991, and by this process, India started holding most of the gold ...
Payoff amount declines: If you plan to make extra payments to pay off your mortgage early, you might not benefit as much from MPI because the loan payoff amount decreases as the mortgage is paid ...