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New Delhi, Apr 2 (PTI) Cabinet Secretary T V Somanathan on Thursday said that competence and not just seniority will define future leadership in civil services. Emphasising the importance of continuous learning, he said that while career progression in civil services may appear to follow a natural upward path driven by seniority, reaching positions of real responsibility depends increasingly on competence and the ability to deliver. Addressing an event here, Somanathan said that while "seniori ...Read More >

NEW DELHI: Chief economic adviser (CEA) V Anantha Nageswaran on Wednesday said that India is at a demographic and economic inflection point and higher education will play a decisive role, as millions of youngsters get ready to enter the workforce over the next two decades. "States hold the key to the next phase of higher education reform in India," he said at a CII event here. The CEA also stressed on addressing shortage of teachers urgently through mechanisms such as professors of practice and ...Read More >
New Delhi: Education continues to command the largest share of India's corporate social responsibility (CSR) spending, reaffirming its status as the country's most preferred social investment sector. With overall CSR expenditure touching nearly ₹34,000 crore in FY 2023-24, education alone attracted around Rs 12,000 crore, almost one-third of the total, according to the Confederation of Indian Industry's (CII) Exploratory Study on CSR in Education. Based on responses from 23 major corporates an ...Read More >

New Delhi, Dec 17 (PTI) Chief Economic Adviser V Anantha Nageswaran on Wednesday said that quality, relevance and adaptability of higher education will play a key role in transforming India's demographic dividend into growth accelerator in next 20 years. Speaking at the CII Global Higher Education Summit here, he said, states hold the key to the next phase of higher education reform in India. He stressed on addressing shortage of teachers urgently through mechanisms such as professors of pract ...Read More >
Chief Economic Adviser (CEA) V Anantha Nageswaran on Thursday said India could emerge as a global destination for learning, research and ideas in an uncertain world if the momentum under the National Education Policy (NEP) 2020 is backed by a strong reform push from state governments. Why is global higher education at a turning point? His remarks come as the global higher education landscape is being reshaped, with traditional academic hubs facing demographic decline, fiscal pressures and tigh ...Read More >

For the first time, Union Finance Minister Nirmala Sitharaman on Tuesday (November 18, 2025) held a separate meeting with startup founders and representatives as part of her pre-Budget consultations. "Union Minister for Finance & Corporate Affairs Smt. @nsitharaman chairs the fifth Pre-Budget consultation with the stakeholders from the startups ecosystem in connection with the forthcoming Union Budget 2026-27, in New Delhi, today," the Ministry of Finance announced on Tuesday on its social medi ...Read More >

New Delhi, Nov 19 (PTI) Dedicated refinance window on the lines of NHB for the NBFC sector and aligning long-term capital gains tax with fixed deposits to encourage deposit mobilisation are some of asks presented before Finance Minister Nirmala Sitharaman on Wednesday during a pre-Budget meeting with the representatives of BFSI sector here. There is a need to create a dedicated refinance window for NBFCs (non-banking financial companies) to ensure a smooth and sustainable flow of funds and reso ...Read More >
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday chaired the first pre-Budget consultation meeting with country's leading economists in New Delhi in connection with the upcoming Union Budget 2026-27. New Delhi [India], November 10 (ANI): Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday chaired the first pre-Budget consultation meeting with country's leading economists in New Delhi in connection with the upcoming Union Budget 2026-27. Th ...Read More >

New Delhi, Sep 13 (SocialNews.XYZ) Public Sector Banks (PSBs) have moved beyond survival and stability and are now ready to play a bigger role in driving India's journey towards 'Viksit Bharat 2047', a top government official said on Saturday. Speaking at 'PSB Manthan 2025', a two-day programme organised by the Department of Financial Services (DFS) in Gurugram, M Nagaraj, Secretary, Financial Services, underlined that PSBs must now aspire for global competitiveness, strengthen governance, and ...Read More >

New Delhi [India], September 13 (ANI): The Department of Financial Services (DFS), Ministry of Finance, organised PSB Manthan 2025, a two-day programme that concluded on Saturday in Gurugram. The event, chaired by the Secretary of DFS, brought together the senior leadership of Public Sector Banks, along with regulators, industry experts, academicians, technologists, and banking practitioners. Eminent speakers included, Swaminathan J, Deputy Governor, Reserve Bank of India; V Anantha Nageswaran ...Read More >
NEW DELHI: India will aim to have at least two public sector banks (PSBs) among the world's top 20 by 2047, aligned with the Viksit Bharat vision, a government official said. At present only State Bank of India and HDFC Bank figure on the list of top 100 global lenders by assets. Strengthening corporate governance in PSBs, improving customer experience, and making them globally competitive through modernisation -- including use of artificial intelligence -- are among key issues being deliberat ...Read More >

New Delhi, Sep 12 (PTI) India aims to establish two globally competitive banks, with assets that would rank them among the top 20 lenders in the world as part of its 'Viksit Bharat 2047' vision to become a developed nation, according to a senior official. The issue of globally competitive banks was deliberated during the first day of the two-day-long PSB Manthan 2025, organised by the Department of Financial Services here, he added. Currently, the country's largest lender State Bank of India ( ...Read More >

New Delhi, Aug 29 (PTI) Chief Economic Advisor V Anantha Nageswaran on Friday exuded confidence that Indian economy will grow at a rate between 6.3 and 6.8 per cent in the current fiscal on strong domestic demand, even though there would be some downside risks to the projections due to steep 50 per cent US tariffs. Briefing reporters after the announcement of first quarter GDP numbers which came in at 7.8 per cent, he said that high tariffs are expected to be "short-lived" as both the countries ...Read More >

New Delhi: Chief Economic Advisor V Anantha Nageswaran Friday exuded confidence that Indian economy will grow at a rate between 6.3 and 6.8 per cent in the current fiscal on strong domestic demand, even though there would be some downside risks to the projections due to steep 50 per cent US tariffs. Briefing reporters after the announcement of first quarter GDP numbers which came in at 7.8 per cent, he said that high tariffs are expected to be "short-lived" as both the countries are in talks fo ...Read More >
Kinnaur: A cloudburst was reported in Himachal Pradesh's Kinnaur district on Wednesday evening. Due to the cloudburst, a sudden flash flood struck Hojis Lungpa Nala. Notably, the site was an active road construction zone under CPWD towards Gangthang Bralam. A rescue operation was launched to rescue the stranded civilians. The Indian Army was also called in to help the local administration. The Army has deployed its new generation equipment to assist in the operation. The Logistics Drone High Al ...Read More >

Mumbai: Chief Economic Advisor V Anantha Nageswaran on Wednesday said US tariffs-related challenges will dissipate in the next one or two quarters, and urged the private sector to do more as the country navigates through other longer-term challenges. He attributed the growth slowdown in FY25, which saw a deceleration to 6.5 per cent from FY24's 9.2 per cent, to tight credit conditions and liquidity issues. The right agriculture policies can add 25 per cent to real GDP growth, Nageswaran added. ...Read More >

Chief Economic Advisor V Anantha Nageswaran Chief Economic Advisor V Anantha Nageswaran on Wednesday said US tariffs-related challenges will dissipate in the next one or two quarters, and urged the private sector to do more as the country navigates through other longer-term challenges. He attributed the growth slowdown in FY25, which saw a deceleration to 6.5 per cent from FY24's 9.2 per cent, to tight credit conditions and liquidity issues. The right agriculture policies can add 25 per cent t ...Read More >
New Delhi: Alternative datasets offer crucial distinctive perspectives, making them essential for policymaking, chief economic advisor (CEA) V Anantha Nageswaran said on Thursday. However, he emphasised that these data sources are not a substitute to the official statistical system and serve as a complement to it. Official statistics are backed by decades of usage, rigorous methodologies and inbuilt checks, which lend them a high degree of reliability and accuracy, Nageswaran said at a two-day ...Read More >

Washington, Jun 5 (PTI) Congress MP Shashi Tharoor, leading a multi-party delegation to the US, was Thursday asked a question by his journalist son whether government interlocutors sought evidence of Pakistan's culpability in the Pahalgam attack to which he replied India would not have conducted Operation Sindoor without convincing evidence. "That shouldn't be allowed. This is my son," Tharoor said laughing, during an interaction at the Council on Foreign Relations when his son Ishaan Tharoor, ...Read More >
New Delhi, Jan 31 (PTI) The golden era of globalisation probably disappearing amid geopolitical and policy uncertainties, resulting in the economic growth slowdown, Chief Economic Adviser V Anantha Nageswaran said on Friday. India's economy is likely to expand by 6.3-6.8 per cent in the coming fiscal, much lower than what is needed to become a developed country, and requires deregulation and reforms in areas like land and labour to stimulate growth, according to the government's pre-Budget Econ ...Read More >
New Delhi, January 31: The unveiling of the Economic Survey on Friday sets the stage for Finance Minister Nirmala Sitharaman to present the Union Budget for 2025-26 in Parliament on Saturday (February 1), which is expected to continue the government's policy of giving a big push to economic growth with equity. The government has prioritised improving the quality of life in rural areas to ensure equitable and inclusive development, according to the Economic Survey 2024-25. The survey highlights ...Read More >
New Delhi, Dec 12 (PTI) Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday underlined the need to be cautious about energy transition and said that it should be done without compromising growth. "We need to do it carefully so that we do not throw the baby of economic growth out with bath water in the name of managing energy transition and tackling climate change. Without growth there are no resources to invest for climate change management," he said. While speaking at the Global Eco ...Read More >
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