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The Hindu
04-07-2025
- Business
- The Hindu
‘AI, green finance to redefine banking sector'
Artificial Intelligence (AI) and green finance would be pivotal in redefining India's banking sector said Anand Sinha, Former Deputy Governor, Reserve Bank of India (RBI) in his keynote address at the 15th Annual Banking & Finance Conference organised by IMC Chamber of Commerce and Industry in Mumbai on Friday. He said AI would strengthen digital infrastructure, enhance rural financial inclusion and bolster operational efficiencies across the banking ecosystem. Calling attention to the climate crisis, he highlighted that unchecked climate risks could potentially cost India 3%–10% of its GDP annually by 2100. 'Initiatives such as the Green Hydrogen Mission, National Solar Mission, and issuance of Sovereign Green Bonds are commendable steps,' he added, noting the RBI's proactive regulatory efforts, including the promotion of green loans, climate risk disclosures, and green deposits would help. Sanjaya Mariwala, President, IMC, said to harness India's rapid strides in digital finance, it was important to address the systemic challenges that persists.
Business Upturn
03-07-2025
- Business
- Business Upturn
IndiGo appoints Amitabh Kant as non-executive director to its board
InterGlobe Aviation Limited (IndiGo) announced on July 3, 2025, that its board of directors has approved the appointment of Amitabh Kant as a non-executive director. The appointment will take effect once he receives the required security clearance from the Ministry of Civil Aviation and is subject to shareholder approval. Kant, a former Indian bureaucrat and governance reformer, brings over four decades of experience to the board. He has served in prominent roles such as India's G20 Sherpa, CEO of NITI Aayog, and was instrumental in initiatives like Make in India, Startup India, and Incredible India. Known for spearheading large-scale sustainability projects like the Green Hydrogen Mission and transformative mobility programs, Kant is expected to contribute significantly to IndiGo's vision of becoming a global aviation player by 2030. Vikram Singh Mehta, Chairman of the board, welcomed Kant, highlighting his global and administrative expertise as valuable for IndiGo's ambitious international expansion plans. With a fleet of over 400 aircraft operating 2,200+ daily flights across 90+ domestic and 40+ international destinations, IndiGo continues to strengthen its leadership in the Indian and global aviation market. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Time of India
24-06-2025
- Politics
- Time of India
India has moved from tech follower to global leader in science & innovation: Jitendra Singh
New Delhi: Minister of State for Science and Technology Jitendra Singh on Monday said India has transformed into a global leader in science and technology over the past decade driven by a political climate that enabled scientific risk-taking and innovation. Speaking at a press conference following detailed presentations by four major science departments, Singh said, "The last 11 years turned technology into the engine of India's growth story. More importantly, we are no longer a technology follower but a technology leader." India is now setting global best practices in science and innovation rather than waiting to adopt them from abroad, he added. The minister credited this shift to a "supportive political dispensation" after 2014 that allowed scientists the freedom to experiment even when success wasn't guaranteed. "What a scientist needs most is the liberty to try and that space was given to us by the hon'ble prime minister," he said, pointing to reforms like opening up space and nuclear sectors to private participation and encouraging global collaborations. Emphasising that India never lacked talent but previously lacked policy support, Singh said the country had moved away from working in silos and was now witnessing convergence between public and private sectors. "In other countries, there is no hard demarcation between public and private in scientific work. We have started moving in that direction," he noted. Ajay Sood , Principal Scientific Adviser (PSA) to the Government of India, echoed the minister's remarks and praised the transformative shift in India's science and technology landscape. "You would have all noticed that in the last 11 years, science and technology has moved from the sidelines to the centre stage of national development," said Sood, adding that four science departments had clearly demonstrated this journey through their presentations. He explained that the office of the PSA plays a key role in providing evidence-based and ministry-agnostic scientific advice to the prime minister and the Cabinet, identifying gaps and recommending national missions. "We are not tied to any one ministry. Our focus is on mapping the entire scientific landscape and ensuring cross-sectoral coordination," Sood said. He noted that under the Prime Minister's Science, Technology and Innovation Advisory Council (PM-STIAC), 11 targeted national missions, including the National Quantum Mission , National One Health Mission, Deep Ocean Mission, and the Green Hydrogen Mission, have been initiated. These were based on identified priority areas and implemented by the concerned departments for coordinated national impact. Sood also highlighted the significance of the Anusandhan National Research Foundation (ANRF), calling it "a very, very important initiative" that had its genesis in early discussions within the PSA office before its formal rollout last year.
The Print
23-06-2025
- Science
- The Print
India has moved from tech follower to global leader in science and innovation: Jitendra Singh
The minister credited this shift to a 'supportive political dispensation' after 2014 that allowed scientists the freedom to experiment even when success wasn't guaranteed. Speaking at a press conference following detailed presentations by four major science departments, Singh said, 'The last 11 years turned technology into the engine of India's growth story. More importantly, we are no longer a technology follower but a technology leader.' India is now setting global best practices in science and innovation rather than waiting to adopt them from abroad, he added. New Delhi, Jun 23 (PTI) Minister of State for Science and Technology Jitendra Singh on Monday said India has transformed into a global leader in science and technology over the past decade driven by a political climate that enabled scientific risk-taking and innovation. 'What a scientist needs most is the liberty to try and that space was given to us by the hon'ble prime minister,' he said, pointing to reforms like opening up space and nuclear sectors to private participation and encouraging global collaborations. Emphasising that India never lacked talent but previously lacked policy support, Singh said the country had moved away from working in silos and was now witnessing convergence between public and private sectors. 'In other countries, there is no hard demarcation between public and private in scientific work. We have started moving in that direction,' he noted. Ajay Sood, Principal Scientific Adviser (PSA) to the Government of India, echoed the minister's remarks and praised the transformative shift in India's science and technology landscape. 'You would have all noticed that in the last 11 years, science and technology has moved from the sidelines to the centre stage of national development,' said Sood, adding that four science departments had clearly demonstrated this journey through their presentations. He explained that the office of the PSA plays a key role in providing evidence-based and ministry-agnostic scientific advice to the prime minister and the Cabinet, identifying gaps and recommending national missions. 'We are not tied to any one ministry. Our focus is on mapping the entire scientific landscape and ensuring cross-sectoral coordination,' Sood said. He noted that under the Prime Minister's Science, Technology and Innovation Advisory Council (PM-STIAC), 11 targeted national missions, including the National Quantum Mission, National One Health Mission, Deep Ocean Mission, and the Green Hydrogen Mission, have been initiated. These were based on identified priority areas and implemented by the concerned departments for coordinated national impact. Sood also highlighted the significance of the Anusandhan National Research Foundation (ANRF), calling it 'a very, very important initiative' that had its genesis in early discussions within the PSA office before its formal rollout last year. PTI UZM AS AS This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
The Hindu
16-06-2025
- Politics
- The Hindu
Amitabh Kant resigns as G-20 Sherpa, thanks PM Modi for the opportunities
Amitabh Kant, who managed diverse assignments during his 45 years in government service, has resigned as the G-20 Sherpa. Mr. Kant, a retired 1980-batch Indian Administrative Service (IAS) officer of the Kerala cadre, was appointed as India's G-20 Sherpa in July 2022, months before India assumed the G-20 Presidency. In a LinkedIn post titled 'My New Journey', Mr. Kant said, 'After 45 years of dedicated government service, I have made the decision to embrace new opportunities and move forward in life. I am incredibly thankful to the Prime Minister of India for accepting my resignation as G-20 Sherpa and for having given me the opportunity to drive a range of developmental initiatives and contribute to the growth, development, and progress of India.' Mr. Kant, who was the face behind India's G-20 preparations, said leading multilateral negotiations as the country's Sherpa has been one of the most significant milestones in his career. In 2023, Mr. Kant said India executed one of the most inclusive, ambitious, action-oriented, and decisive G-20 presidencies ever seen in the history of the forum. 'We achieved unanimous consensus on the New Delhi Leaders' Declaration, despite significant geopolitical challenges, managing to refocus the world's attention on critical developmental priorities such as digital public infrastructure, multilateral financial reform, climate finance, and women-led development,' he said. He said India held G-20 meetings across every State and Union Territory, which contributed significantly to cooperative federalism by beautifying and upgrading cities, engaging local artists and craftsmen, and promoting local cuisines. 'We also successfully expanded the G-20's scope to include the African Union, fulfilling India's promise and commitment to global inclusivity and collaboration with the Global South,' he said. Earlier, as CEO of NITI Aayog from 2016-2022, Mr. Kant said he had the privilege of being part of the transformative Aspirational Districts Programme, which uplifted 115 of India's most backward districts by improving socio-economic indicators and creating opportunities for millions of our citizens. 'During those 6+ years, NITI played a key role in pushing digital public infrastructure through policy, and helped lay the foundational groundwork for India's digital revolution,' he said, adding that through the production-linked incentive schemes to boost manufacturing and accelerate industrial growth, the Green Hydrogen Mission, advanced chemistry cells, and the Atal Innovation Mission, the Aayog played a key role in positioning India as a global leader in climate action, cutting-edge innovation, and sustainable enterprise. Mr. Kant said his tenure as Secretary of the Department of Industrial Policy and Promotion, now called the Department for Promotion of Industry and Internal Trade, was dedicated to reform and liberalisation, with focus on ease of doing business, and the Make in India and Startup India initiatives, which continue to act as a framework for India's thriving ecosystem of manufacturing. Throughout his career, Mr. Kant said he has been guided by a strong sense of service to a place and its people. 'Kerala was the first home to my IAS career, and I drew deeply from its communities — initiating the 'God's Own Country' campaign, supporting the expansion of Calicut Airport, and working closely with the fishermen and women of Kerala,' the former NITI Aayog CEO said. Mr. Kant said he took everything he learnt and poured it into policies at the Centre — 'Incredible India' was born during his time as Joint Secretary at the Ministry of Tourism because he saw what shining a light on India's diversity can do for the economy, ecology, and essence of a place. 'India has, and will always be, Incredible. In a small way, I have contributed to helping the world recognise that,' he said. Mr. Kant also said he is incredibly grateful to Ministers Nirmala Sitharaman and S. Jaishankar for their inspiration, guidance, and trust. 'I now look forward to contributing to India's transformational journey towards Viksit Bharat by facilitating and supporting free enterprise, startups, think tanks, and academic institutions,' he said.
