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Posted at: Nov 11, 2017, 12:04 AM; last updated: Nov 11, 2017, 12:04 AM (IST)

PMEAC spells out roadmap for skill development, jobs

Mukesh Ranjan

Tribune News Service

New Delhi, November 10

NITI Aayog member Bibek Debroy led Prime Minister’s Economic Advisory Council (PMEAC) today met for the second time and made far-reaching recommendations relating to job creation, social sector schemes and physical infrastructure sector.

In his remarks, as the chairman of the Council, Dr Debroy spelt out “a clear roadmap for stepping up skill development and job creation”. In a press statement, issued after the meeting, the Council said, it recommended to “enhance resource investment in the social sector, including health and education and also for boosting infrastructure financing”.

“The experts in the Council formulated far-reaching recommendations to guide the evolving framework for the 15th Finance Commission, including enhanced incentive to the states for achieving health, education and social inclusion outcomes,” the statement said, adding it has been working to evolve “the design of a new economy tracking monitor, linking economic growth indicators with social indicators for last mile connectivity”.

The Council felt that there was a need for improvement in national accounts and innovative steps for unlocking the growth, exports and employment potential and on all these counts the members deliberated to indentify growth drivers, which also included “transformation of India’s gold market”.

Besides Dr Debroy, others who attended the meeting included members — Surjit Bhalla, Rathin Roy, Ashima Goyal, Shamika Ravi and Member Secretary and Principal Adviser NITI Aayog Ratan P Watal.

The recommendations 

  • The Council recommended enhancing investment in the social sector, including health and education and also for boosting infrastructure financing
  • It also formulated far-reaching recommendations to guide the evolving framework for the 15th Finance Commission, including enhanced incentive to the states for achieving health, education and social inclusion outcomes

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