NITI VC Rajiv Kumar said that other staffers are working from remote locations
NITI Aayog Vice-Chairman Rajiv Kumar tells Indivjal Dhasmana that since the approach followed to give the package is graded, one can assume that more would be announced if there is requirement
Rajiv Kumar was commenting on the Budget proposal of FM Sitharaman to give the option to personal income taxpayers to remain in the existing tax scheme or opt for a new simplified tax regime.
He also said there have already been plenty of measures taken by the government in the recent past
A 1984 batch officer from the Jharkhand cadre, Kumar is known as the driving force behind the spate of mergers of state-owned banks
The clarification comes after a news report suggested that Indian banks may ask depositors and customers to list their religion.
NITI Aayog Vice-Chairman Rajiv Kumar highlighted the need for the CCI to develop oversight capabilities on data-related businesses, so as to prevent the amassing of power in a single conglomerate
NBFCs with a minimum rating of 'AA' are allowed to participate in the scheme.
RBI had earlier this month made it mandatory for banks to link all their fresh retail loans to an external benchmark, effective October 1
The consolidation will help create strong and globally competitive banks with economies of scale, he said
Explaining the reason for the stress in the financial sector, Kumar said the slowdown started with indiscriminate lending during 2009-14, leading to rise in NPAs post 2014
Armed with degrees in zoology and law, plus a post-graduate diploma in public policy, he has been joint secretary in the expenditure department looking after state finances
The designation of Kumar as the Finance Secretary comes in the backdrop of transfer of Subhash Chandra Garg as the power secretary
Making credit rating agencies more accountable is also another challenge, the secretary said
The investment cycle has certainly turned upwards
Niti Aayog vice-chairman RAJIV KUMAR says he wishes the Reserve Bank of India's Monetary Policy Committee would reduce rates when its meets on Tuesday and Wednesday but this might not be fulfilled. In an interview with Indivjal Dhasmana, he says additional funds could be generated through disinvestment and that demonetisation and goods and services tax (GST) are "remarkable" structural reforms. Edited excerpts:The government is not able to propel the economy as its fiscal deficit has already touched 96 per cent of the Budget Estimate in the first five months of the current financial year. Do you think this is a fair assessment?No, I don't think so, as government expenditure includes large allocations to ministries which remain unspent. You always have the first two quarters (the financial year began April 1) when revenues are much smaller than expenditure. This is more so because of advancement of the Budget this year that has done away with the practice of starting allocations from ..
According to a column by Kumar, foreign influence on Indian policy making is fading under Modi