The liquidity stress affecting non-banking finance
companies and housing finance companies since September 2018 has abated
significantly, and the Indian markets have performed better than several
developed markets despite high global volatility this year, the chief of
India’s stock market regulator Ajay Tyagi said on Friday.
The Securities Exchange Board of India (SEBI) Chairman
said that the role of capital markets in facilitating fund raising to sustain
the country’s economic growth momentum ‘becomes even more important given the
stress in the banking sector.’
The volatility in global markets, caused by factors such
as uncertainty in oil prices, change in monetary policy stance of central banks
like the U.S. Federal Reserves and U.S.-China trade tensions, is likely to
persist, Mr. Tyagi said at a financial markets summit.
Despite the high volatility in the Indian markets compared
with ‘previous years when markets were just rising and people almost thought
they provide assured returns, the performance of Indian capital markets has been
comparable, not much worse than the comparable jurisdictions,’ Mr. Tyagi said.
Union Minister of Agriculture and Farmers’ Welfare
ShriRadha Mohan Singh has said that the 160th session of the Food and
Agriculture Organisation (FAO) Council, currently underway in Rome, approved
India’s proposal to observe an International Year of Millets in 2023. On
behalf of all countrymen the minister conveyed his gratitude to the
countries who voiced their support.
He added that this will enhance global awareness to bring
back these nutri-cereals to the plate, for food and nutrition security and hence
increase production for resilience to challenges posed globally by climate
The Minister said that in the Modi regime, India’s prowess
in agriculture diplomacy has grown. This international endorsement comes in the
backdrop of India celebrating 2018 as the National Year of Millets for promoting
cultivation and consumption of these nutri-cereals.
This is further supported by increase in Minimum Support
Prices (MSP) of millets. Millets consists of Jowar, Bajra, Ragi and minor
millets together termed as nutri-cereals.
Through the Department of Food and Public Distribution,
State Governments are allowed to procure jowar, bajra, maize and ragi from
farmers at MSP.
In addition, the FAO Council also approved India’s
membership to the Executive Board of the United Nations World Food Program (WFP)
for 2020 and 2021 for which the Minister expressed his deepest gratitude to
other member countries for their support.
With the vision to further expand the idea
of‘Artificial Intelligence, AI for All’ articulated in the National AI
Strategy, NITI Aayogorganiseshackathons to source sustainable, innovative
and technologically-enabled solutions to address various challenges in the
Taking the initiative forward, NITI Aayog is now
partnering with Perlin – a Singapore-based AI start up - to launch the ‘AI 4
All Global Hackathon’, and is inviting developers, students, start-ups and
companies to develop AI applications to make significant positive social and
economic impact for India.
The challenge question seeks to develop solutions
inDistributed Computing and Privacy Preserving techniques, such as
multi-party computation, in AI. The objective of this hackathon is to
promote awareness and subsequently develop solutions that deliver the twin
benefit of efficient computing to address the infrastructure challenges,
while also not compromising on privacy of data for training AI algorithms.
NITI Aayog organized its first hackathon, ‘MoveHack’
in August, on the sidelines of the Global Mobility Summit 2018, with the aim
of garnering cutting-edge mobility applications. Over 2,000 submissions were
received out of which the Top 10 teams were awarded at the summit.