Niti Aayog Current Affairs

First-ever India Russia Strategic Economic Dialogue held at St. Petersburg

The first-ever India Russia Strategic Economic Dialogue was held at St. Petersburg in Russia. Indian side was led by NITI Aayog Vice Chairman Rajiv Kumar and Russian delegation headed by Economic Development Minister Maxim Oreshkin.

Key Facts

The two-day forum provided participants platform to discuss development of bilateral ties in trade, investment, technology and industry. It was aimed to bring together key business figures from both countries. Transport, agriculture and agro-processing, Small and Medium Enterprises (SMEs), digital transformation and frontier technologies and industrial cooperation were some of the key areas of focus of the forum.

 Indo-Russian Strategic Economic Dialogue

It was created by PM Narendra Modi and President Vladimir Putin in their informal summit (held at Sochi in May 2018) to give big push to economic partnership between both countries that has started to gain momentum since 2017. It aims to focus on macro picture of economic partnership and also explore partnership and joint ventures in services and IT sectors. It seeks to put in place mechanism for partnership between resource-rich Russian regions and Indian states. In effort to boost bilateral trade to $30 billion by 2025, both countries have agreed to give high priority to removal of obstacles to trade in order to improve upon 21.5% growth in two-way trade recorded last year. India has already launched Strategic Economic Dialogue with China.

Month: Categories: India Current Affairs 2018

Tags:

NITI Aayog constitutes Himalayan State Regional Council for development of Himalayan region

NITI Aayog has constituted Himalayan State Regional Council to ensure sustainable development of Indian Himalayan region. It will be chaired by Dr VK Saraswat, Member, NITI Aayog and will consist of Chief Secretaries of Himalayan States as well as Secretaries of key Central Ministries, senior officers of NITI Aayog as well as special invitees.

Key Facts

The Council has been constituted to review and implement identified action points based on Reports of five Working Groups, which were established along thematic areas to prepare a roadmap for action. It will be nodal agency for Sustainable development in Himalayan Region which consists of 12 States namely Jammu &Kashmir, Himachal Pradesh, Uttarakhand, Sikkim, Arunachal Pradesh, Meghalaya, Nagaland, Manipur,  Mizoram, Tripura, two districts of Assam namely Dima Hasao and KarbiAnglong and Darjeeling and Kalimpong in West Bengal.

Terms of reference of Council

It will monitor implementation of action points for Central Ministries, Institutions and 12 Himalayan State Governments in Indian Himalayan Region which include regional cooperation and river basin development, spring mapping and revival across Himalayas in phased manner for water security. It will develop, implement and monitor tourism sector standards as well as bring policy coherence, strengthen skill and entrepreneurship with focus on identified priority sectors, among other action points.

Bacgkround

Earlier in June 2017, NITI Aayog had set up 5 Working Groups to prepare a roadmap for actions in 5 thematic areas that are quite significant for the Himalayas. These areas were Inventory and Revival of Springs in Himalayas for Water Security; Sustainable Tourism in Indian Himalayan Region; Transformative Approach to Shifting Cultivation; Strengthening Skill & Entrepreneurship Landscape in Himalayas; Data/Information for Informed Decision Making.  These working groups were constituted after NITI Aayog recognised that mountains require specific solutions for resilience building that address socio-economic and environmental challenges in the mountain setting.

Month: Categories: India Current Affairs 2018

Tags: