Focus on emerging challenges; private investment in green energy required: NK Singh

The Institute of Economic Growth (IEG) Society president NK Singh said on Friday that there is a need to focus research on emerging challenges such as climate and energy transition, encouraging private investment in renewable energy and establishing closer partnership with states, as they remain central to implementation of reforms. Fifteenth Finance Commission Chairperson Singh was elected president of the IEG Society earlier this week after former Prime Minister Manmohan Singh stepped down from the post.

Former PM Singh, who had been the president of the IEG since 1992, said he was withdrawing from several active duties in the light of his advanced age and ‘indifferent health’, and suggested NK Singh’s name as president of the institute.