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The Latest Breaking News from CEA

Who gets the fruits of India’s economic growth? CEA Nageswaran has an answer

Chief Economic Adviser V Anantha Nageswaran said India’s economic growth will lead to meaningful transformation only if its benefits are shared between workers and businesses.

The Economic Times

‘Viksit Bharat depends on Viksit Rajya’: CEA calls for more private capital, higher state capex

Chief Economic Adviser V Anantha Nageswaran said India will need greater private-capital participation to finance its development ambitions towards 2047, urging states to create an investment-friendly ecosystem and strengthen capital expenditure. At a two-day conference on financing Viksit Bharat, Nageswaran said, “Viksit Bharat depends on Viksit Rajya”, while discussions also…

The Economic Times

US Christian Employers Accused of Trans Discrimination Can No Longer Be Investigated by EEOC

A permanent EEOC settlement with the Christian Employers Alliance limits enforcement of gender identity-related charges, raising concerns about future workplace discrimination protections.

International Business Times UK

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Kalshi Says It's a Prediction Market. The 9th Circuit Says It's Gambling.

Prediction markets can no longer offer sports event contracts in Nevada after the appellate court's decision, giving other states a roadmap for regulating the platforms.

Reason

Q1 GDP print shows domestic momentum strong but global risks remain a concern: CEA Nageswaran

India's domestic economic momentum remains strong in the near term, but uncertainties over global interest rates, energy supplies and food prices could weigh on growth going forward, India's Chief Economic Advisor, V Anantha Nageswaran said on Monday. He said the economy had demonstrated considerable resilience despite geopolitical disruptions and external…

The Economic Times

Government directs CEA to prepare roadmap to phase out import of critical power systems by 2030

India is focused on eliminating imported SCADA systems by 2030, with the Central Electricity Authority actively developing a comprehensive roadmap for this essential infrastructure. This initiative seeks to bolster self-reliance and enhance the cyber-resilience of the nation’s power grid. By reducing reliance on foreign technology, the government aims to secure…

The Economic Times

Centre aims to cut foreign reliance in key power systems by 2029

India is drawing up a roadmap to develop indigenous software and hardware for Supervisory Control and Data Acquisition (SCADA) systems used to monitor and control the power network, as it seeks to eliminate dependence on foreign technology in critical electricity infrastructure. The CEA has proposed developing most software and hardware…

The Economic Times

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India may see major growth in sodium-ion batteries as technology reaches TRL-7: Renewable Energy Secretary

Technology Readiness Level (TRL) is a scale used to assess the maturity of a technology, with TRL 7 indicating that a system prototype has been demonstrated in an operational environment.

The Economic Times

AI safety: India must keep humans in the loop, prevent exclusion, says CEA Nageswaran

Chief Economic Adviser V Anantha Nageswaran stressed proactive AI safety and security in finance. He warned AI must not foster financial exclusion and humans must remain involved. Fintech aids economic adoption, especially for SMEs and retail personal finance. Sustained cross-border payment growth depends on expanding trade volumes.

The Economic Times

The dubious rags to riches promise of Trump accounts

By Justine Wang ANALYSIS — President Donald Trump has repeatedly said that so-called Trump accounts, new federal investment and savings accounts for children, “could grow to hundreds of thousands of dollars” by the time children turn 18. That’s only true if parents or other donors contribute thousands of dollars per…

Roll Call

Regional innovation

This year, the Isan Creative Festival, organised by the Creative Economy Agency (CEA), kicks off under the theme "Northeast Modern: Abundance, Adaptation And Connectivity".

Bangkok Post

Pension savings can help fund infrastructure, support Viksit Bharat: CEA

India's burgeoning pension savings hold immense potential to fund infrastructure and propel the 'Viksit Bharat' vision, while ensuring stable returns for subscribers, according to Chief Economic Adviser V. Anantha Nageswaran. He emphasized that pension funds' long-term nature aligns perfectly with development projects. Nageswaran cautioned against excessive gold investments and the…

The Economic Times

India sets transmission project deadlines to speed up renewable energy expansion

India has introduced standardized timelines for power transmission projects to accelerate renewable energy integration. The Central Electricity Authority's new guidelines aim to synchronize grid expansion with generation and distribution, reducing delays that hinder new power capacity. These measures are crucial as transmission expansion struggles to match the rapid growth of…

The Economic Times

Question is affordability, whether other expenditure can benefit people more than freebies: CEA Nageswaran pitches for focused welfare interventions

Nageswaran said the issue should be looked at sensibly rather than on an emotional plane and the question that needs to be asked is if it is helping people or it could have been done differently.

The Economic Times

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The Economic Times

AI can be more disruptive as it targets both cognitive and skill-based jobs: CEA Nageswaran

AI's impact on jobs is broader than past tech shifts, affecting both cognitive and skill-based roles, according to chief economic adviser V Anantha Nageswaran. He cautioned that current fears are overblown, driven by hype rather than evidence. While some routine tasks may be impacted, history suggests job transformation, not mass…

The Economic Times

CEA Anantha Nageswaran says AI stock valuations definitely in a bubble

India's Chief Economic Advisor V Anantha Nageswaran warns that artificial intelligence stock valuations are a bubble. He believes the narrative around AI's productivity gains and impact on jobs is exaggerated. Global investors have poured billions into AI-linked companies, driving record valuations for firms like Nvidia. Concerns are rising about a…

The Economic Times

India risks becoming "unhealthier before it becomes richer," CEA V Anantha Nageswaran warns

India faces a health challenge before achieving wealth. Chief Economic Advisor V Anantha Nageswaran points to rising obesity and sedentary lifestyles. This impacts productivity and economic growth. He urges individuals to incorporate physical activity into daily routines. Improved health outcomes are seen as hidden growth potential for Viksit Bharat. This…

The Economic Times

CEA defends India's GDP data, says country does not use methodology changes to inflate growth numbers

Nageswaran responded to concerns raised by some economists over India's GDP estimates, stressing that GDP measurement is an estimate in every country and that India follows internationally accepted statistical practices.

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Reason

The Federal Government Once Tried To Restrict Prediction Markets. Now It's Suing States To Save Them.

In a bid to “reaffirm its exclusive jurisdiction” over prediction markets such as Kalshi, the Commodity Futures Trading Commission is suing six states for interfering in federally regulated financial markets.

Fortune

‘Trump Accounts’ can earn your kid $270,000 by age 18. Here’s how the numbers break down

Trump described Trump Accounts as a “tax-free” savings account. But experts note that’s not the full picture.

Reason

Dumping State Income Taxes Could Mean High Sales Taxes—or an Opportunity for Smaller Government

A new report warns that some plans for replacing income tax revenue rely on unrealistic assumptions.

Newslaundry

The Economic Survey has a new enemy: The RTI Act

In the recent Economic Survey, a document meant to discuss the state of the economy, the Chief Economic Advisor (CEA) has decided to hold forth on the need to amend the Right to Information Act, 2005.

Fortune

Who is Kevin Hassett? The rumored Fed pick says inflation is ‘way down,’ sees ‘political bias’ in jobs data, and suggested firing Powell over a renovation

“If you’d asked me a year ago, I would have said I think Kevin would be a good pick. I wouldn’t say that today. Kevin has been incredibly dishonest.”

Tom’s Hardware

AMD and Eviden unveil Europe's second exascale system — EPYC 'Venice' and Instinct MI430X powered system breaks the ExaFLOP barrier

AMD and Eviden will build Alice Recoque, a €554-million exascale-class supercomputer for European AI and scientific research, powered by next-generation EPYC 'Venice' CPUs and Instinct MI430X GPUs. Deployment is expected later in the decade.

Newslaundry

Delhi shut its thermal plants, but chokes from neighbouring ones

In 2018, Delhi bade farewell to its last thermal power plant. Before this, the other two had wound up their operations in 2009 and 2015. The closures were meant to stop toxic gases spewing from their stacks from worsening the city’s air quality.

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