Not just UP: Niti Aayog has worked on Rajasthan, MP development model too

The Centre’s main think-tank, the NITI Aayog is reportedly working on developing a growth plan for Uttar Pradesh, where the ruling BJP, came back to power after more than a decade.

According to reports, a team from the Aayog is expected to visit the state later this month to discuss the development plan with senior officials and ministers of the state government.

However, this is not first time that the Aayog has helped a state in undertaking reforms or suggesting a roadmap for its growth.

Infact, cooperative federalism is at the very core of Aayog’s philosophy and working.

The Aayog which has replaced the Planning Commission of India has worked very closely with the Rajasthan state government to amend obsolete and unnecessary laws in the state. It also plans to do the same with Madhya Pradesh.

It is helping major states amend their land leasing laws and has so far successfully managed to convince couple of them to amend their decades-old land leasing laws.

Madhya Pradesh along with Odisha have been working on amending their land leasing laws that would make leasing legal and would also ensure that the tenant farmer gets full legal right to compensation, insurance etc in case of crop damage without impacting the legal ownership.

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Demonetisation was a move towards formal economy: Arvind Panagariya

Breaking News - Expressing their support for the November 8 demonetisation of high-value currency that has resulted in a major cash crunch, a group of experts on Tuesday told Prime Minister Narendra Modi that the move help to strengthen the process of formalising the Indian economy, the major part of which is organised informally.

"Demonetisation was discussed as a move towards formal economy," NITI Aayog Vice Chairman Arvind Panagariya said, briefing reporters following Modi's interaction here with a set of noted economists at a session on "Economic Policy - The Road Ahead" organised by the think-tank.

"All the speakers stressed the need to bring workers and activity into the formal sector," Panagariya said in reference to the stated aims of the November 8 demonetisation announcement for curbing corruption, black money, counterfeit currency and terror financing.

Complementing the demonetisation process is the government's drive to promote digital transactions and a less cash economy so as to move from the informal to greater formalisation of the economic system.(Read More)