There is a have to arrange a mechanism for systematic consideration of the setting in all financial selections in India, in accordance with consultants. They expressed their views in a seminar ‘Data for Sustainable Development: India’s Environmental Accounts and its position in Policy and Decision Making’, organised by the Ministry of Statistics and Programme Implementation on Tuesday, as per an official assertion.
The seminar underscored the significance of utilizing a conceptual framework that integrates scientific and financial knowledge with conventional accounting rules emphasising the truth that SEEA (System of Environmental-Economic Accounting) may also help in framing evidence-based insurance policies, which ensures having a sustainable future, the ministry mentioned within the assertion. It was additionally pressured that it had grow to be imminent, particularly for growing international locations like India to make sure that mechanisms are arrange for systematic issues of the setting in all financial selections.
The seminar was an try by the ministry to make the setting a key dimension within the coverage paradigm. GP Samanta, Chief Statistician of India and Secretary, Ministry of Statistics and Programme Implementation (MOSPI), talked briefly concerning the initiatives of the ministry within the space of environmental accounts, together with the adoption of the System of Environmental-Economic Accounting. This was adopted by a keynote deal with by Suman Ok Bery, Vice Chairman, Niti Aayog, who was the chief visitor of the seminar. He appreciated the MoSPI embracing setting accounts at an early stage and its persevering with efforts on this course.
Bery additionally emphasised the significance of ocean accounts, contemplating the huge shoreline the nation has and its position within the financial system. He recommended that Niti Aayog and the MoSPI ought to proceed their partnership. The central concept that surfaced through the seminar was that environmental considerations don’t respect any border and have an effect on all of the lives of the present and future generations. It was duly acknowledged that setting and sustainability are the highway in direction of prosperity and insurance policies should be framed mainstreaming the ‘environment’ into resolution making.
Source: www.financialexpress.com”