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Integrate and mainstream African continent into the G20 system: Experts
Pradeep S. Mehta, Secretary General of CUTS International, emphasized that integrating the African continent into the G20 and other global governance systems should be a collaborative effort involving both the African Union Commission and other stakeholders, not just India. He shared this perspective during a high-level roundtable titled "Mainstreaming the African Union into the G20," organized by CUTS International and the Vivekananda International Foundation.
Netskope crosses $500 million in subscription revenue, in no rush to go public
Chief executive Sanjay Beri said the company has been making internal preparations for an initial public offering (IPO) but there was no rush in an election year.
Incentivise states to generate local resources to fight climate challenges: NITI Aayog VC Suman Bery
"Multilateral development banks have a long way to go to improve the processes and procedures to be able to address the daunting challenge of seeking to meet financing needs of an orderly transition to be able to address the challenges of climate financing," NITI Aayog vice-chairman Suman Bery said.
66 new buildings, 77 new plots of land approved by Home ministry for Delhi Police
The projects are expected to be completed in 2026, the official said, adding that proposals for the new buildings were sent to the MHA last year.
Next generation reforms to avoid middle-income trap: Suman Bery
In an interview, NITI Aayog vice chairman Suman Bery discusses the impact of staying on the "fiscal glide path" on India's credit ratings and private investment. He praises the finance minister for staying the course on fiscal consolidation, which provides headroom for the Reserve Bank of India and impacts the credit ratings of corporates and banks. Bery notes that the timing is right for a huge capex cycle in the private sector and emphasizes the need for regulatory reforms, decentralization, and freeing up sectors like agriculture and energy. He also mentions the importance of transparency in land markets, digitization, and artificial intelligence. Additionally, Bery highlights the challenge of a growing population and the progress made in reducing multidimensional poverty, but suggests that more significant measures may be included in the full budget.
Delhi man dies while sleeping near burning angithi for warmth
As the body undergoes a post-mortem examination, authorities are delving deeper into the circumstances surrounding this distressing incident.
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India a labour-rich country with enough institutional maturity; can register 8 pc growth: Niti VC Suman Berry
"So, 8 per cent growth or something approximating that means continuous change that needs to be politically managed," he said while addressing the Global Economic Policy Forum 2023, organised by the Confederation of Indian Industry (CII) and the finance ministry.
India’s growth will be distinctive, disruptive and responsible: NITI Aayog’s VC
Addressing the CII Global Economic Policy Forum 2023, NITI Aayog vice chairman Suman Bery said India being a labour-rich country with enough institutional maturity can get to 8% growth but the fact that the north of India has not been traditionally doing as well as the south of India can create tensions in a federal polity.
Multilateral development banks’ reforms incomplete without similar reforms at IMF: Niti Aayog’s Suman Bery
Since the Asian financial crisis (in 1997), India has run its macroeconomy essentially to make sure that the current account deficit is around 2% of the GDP and to build up reserves, says the economist.
Onus on private sector to lead country on sustainable growth trajectory: NITI Aayog’s Suman Bery
Addressing a session at the Public Affairs Forum of India (PAFI), Bery said the private sector needs to play a bigger role to lead the country to a path of sustainable growth and urged them to enhance investments in R&D.
India's take-off moment is here, says NITI Aayog VC Suman Bery
NITI Aayog's vice-chairman Suman Bery linked his remark with the advantage of having the world's largest working population and resilient physical and digital institutions. "This is India's take-off moment... 1/5th of humanity will have rising living standards," PTI quoted him as saying.
ETMarkets Smart Talk: Rohit Beri of True Beacon explains why he is underweight on tech & autos in FY24
While the markets are down from their December ’22 peaks, they are not cheap at a trailing P/E multiple of 20-21x from a historical perspective, and further multiple compression (and also time correction) cannot be ruled out.
Pakistani drone shot down near LoC in Rajouri; Search operations underway
They said five magazines of AK-47 rifle, 131 rounds of fire, Rs 2 lakh in cash and other items have been recovered from the packet attached to the drone. Sources said they suspect some other drones might have dropped weapons, explosives or such items and the search has been launched to recover them.
ETMarkets Smart Talk: We are getting cautiously optimistic on equities; like gold as a hedge: Rohit Beri
The market valuations have corrected and are now closer to the historical averages with a relatively better outlook on earnings growth (~11-13% CAGR for the next 2 years) and ROE improvement vs the last decade (low single-digit earnings growth).
India's focus should be on reducing dependence on China for certain critical inputs: NITI Aayog's Suman Bery
Indian and Chinese troops clashed along the Line of Actual Control (LAC) in the Tawang sector of Arunachal Pradesh on December 9 and the face-off resulted in "minor injuries to a few personnel from both sides. According to recent data released by the Chinese customs, the trade between India and China touched an all-time high of USD 135.98 billion in 2022, while New Delhi's trade deficit with Beijing crossed the USD 100 billion mark for the first time despite frosty bilateral relations.
Budget took dramatic bet on capex while continuing path of fiscal consolidation: NITI Aayog VC
Finance Minister Nirmala Sitharaman in her fifth straight budget has raised the capital expenditure by 33 per cent to Rs 10 lakh crore for infrastructure development for 2023-24, and announced a lower fiscal deficit target of 5.9 per cent for FY24 while retaining it at 6.4 per cent for the current financial year.
ETMarkets Fund Manager Talk: Rohit Beri of True Beacon talks about EFQ strategy to pick winners for portfolio
Our focus is to find factors predictive of returns and, at the same time, determine the macroeconomic environment in which a particular factor can predict future returns. Our model churns through the factors as the economic cycle evolves.
NITI Aayog VC expresses concern over revival of old pension scheme, says it will burden future taxpayers
In an interview to PTI, Bery also underlined the need for enhancing capital expenditure and creating a space for the private sector through fiscal consolidation. "I am slightly more worried about the return to the Old Pension Scheme (OPS). I think that is more of a concern because the cost will be borne by future taxpayers and citizens, not the present," he said.
NITI Aayog vice-chairman says Indian model of localisation needed to achieve SDGs 2030
NITI Aayog Vice-chairman Suman Bery on Thursday stressed on the need for an Indian model of localisation to achieve Social Development Goals (SDGs) 2030 set by the United Nations. The 17 SDGs include no poverty, zero hunger, good health and well-being, quality education, gender equality, clean water and sanitation and affordable and clean energy.
Waterfield Advisors appoints Nakul Beri as senior managing director
Nakul brings in over 26 years of substantive experience across the wealth management spectrum. He started his career in investment and corporate banking, and progressively moved to become a pioneer in wholesale/institutional banking.
ETMarkets Smart Talk: True Beacon's Rohit Beri explains why global investors are opting for India
The Stanford MBA says the AIF's first international investor faced a hard choice of where to invest globally. In May last year they could’ve chosen the equity markets in the US, the UK, Germany, Japan or China. But they placed their trust in India - and True Beacon. Fourteen months later India is the only major equity market to have returned a profit while others have lost 5-35% in dollar terms.
India's food safety-net program a shining example for the world says UN WFP official
The UN-WFP Director is on India on a three-day visit, during which he met Minister of External Affairs S Jaishankar, Minister of Agriculture Narendra Singh Tomar, Vice Chairman of NITI Aayog Suman Bery and Minister of Consumer Affairs, Food & Public Distribution Piyush Goyal.
Indian model of SDG localisation is relevant: NITI Aayog Vice Chairperson Suman Bery
Bery was addressing a special India side session at the UN High-level Political Forum on Sustainable Development on 'Indian model of SDG Localisation: Towards full implementation of the 2030 Agenda.' His remarks comes as countries around the world work towards achieving the ambitious UN's targets.
India should seek deeper integration into European supply chains: Niti VC
Last week, India and the European Union (EU) finally restarted the negotiations for the long-pending trade and investment agreement after a gap of over eight years.
Data important for accountability in democracy: Niti VC
"India has considerable expertise and a rich history in data. But it is also the case that the struggle for transparency, including the national sample survey, has been a long journey," said Bery.
Data is very important for accountability in democracy: Niti Aayog VC
"Data in a democracy is very very important for accountability. India has considerable expertise and a rich history in data is absolutely true. But it is also the case that the struggle for transparency, including the national sample survey, has been a long journey," Bery said.
Startups shape future of industries: NITI Aayog vice chairperson Suman Bery
The AIM PRIME (Programme for Researchers in Innovation, Market Readiness and Entrepreneurship) programme by NITI Aayog is aimed at promoting early-stage science-based, deep technology ideas to market through training and guidance over a period of 12 months using a blended learning curriculum.
Suman Bery takes charge as Niti Aayog Vice Chairman
Suman Bery has previously served as Director General (Chief Executive) of the National Council of Applied Economic Research (NCAER) and the global chief economist of Royal Dutch Shell. He was also a member of the Prime Minister's Economic Advisory Council, Statistical Commission and the Reserve Bank of India's Technical Advisory Committee on Monetary Policy.
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