Jason bourne
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Just before sonia reach president to complain about intolerance
Modi bring 1984 sikh massacre ...
Modi bring 1984 sikh massacre ...
Indian Political Corner | All Updates & Discussions.
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SarthakGanguly
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Changing times. Hosla rakho.Modi is not communal at all… he will act against loose canons: Mufti - The Times of India
This is hilarious
kaise din aa gaye Mufti sahab ke RSS kobhi praise krna pad rha h @SarthakGanguly
Reports suggest BJP has got the majority. 121 seats.
This president of ours is also a Congressi, lets not forget. When does he retire anyways? His term should be over soon.
Jason bourne
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Echo_419
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Me famous now
Government to launch a series of policy reforms after Bihar polling ends - The Economic Times
NEW DELHI: The government plans to launch a series of policy reforms as soon as polling ends in Bihar on November 5, signalling its intent to get moving again on economic changes and putting the Opposition on notice before Parliament convenes for the winter session.
Key to the Narendra Modi government's renewed development push will be power, labour and infrastructure, three senior government officials told ET. Among the highlights are a revival package for power distribution companies, freeing up labour rules and a possible push for the railways.
"The government is not going to wait till the Budget to kick in reforms in various sectors. We will start witnessing action right after the Bihar elections," said one of the officials.
The road map for the phasing out of corporate tax exemptions and reduction in the tax rate to 25% is being drawn up. Besides this, the Startup India, Standup India plan and the rollout of the National Investment and Infrastructure Fund (NIIF) are also being worked on.
A simpler foreign direct investment FDI policy, further easing of the external commercial borrowing (ECB) regime and changes in the public-private partnership (PPP) framework to attract more private investment could also be announced.
"A lot of work is going on in the government. You will see action after the Bihar elections are over," said one of the officials.
The government wants to speed up reforms to ensure that the economy gets a boost. Growth is expected to have picked up from a below-par 7% in the June quarter but most indicators suggest it is still a weak recovery. Industrial production growth touched a three-year high of 6.4% in August supported by strong urban demand, but bellwether Larsen & Toubro reported a weak set of numbers in the September quarter and a muted outlook for investments. Most independent experts have cut growth estimates for the current fiscal to around 7.5% from near 8% in the beginning of the year.
The government will shortly be getting the reports of two key committees. The one on the bankruptcy code for the quick winding up of failed enterprises will be crucial to the startup sector. The expenditure management commission's report will set the stage for next phase of fiscal consolidation focused on better spending.
The Modi government, frustrated by its attempts to push policy changes through Parliament by a noncompliant opposition, has introduced several reforms that don't require the approval of lawmakers. The increasing polarisation, especially during the high-stakes Bihar election campaign, doesn't bode well for parliamentary accord. By pushing hard on its reforms agenda, the government wants to set the stage for passage of the goods and services tax (GST) Bill in Parliament. GST is scheduled to be rolled out on April 1 next year. Credit rating agency Moody's last week urged the prime minister to "keep his members in check or risk losing domestic and global credibility".
"In the 20 days window between the Bihar elections and the winter session of Parliament, lot of action should happen," said one of the officials cited above.
The labour ministry has already announced nine items of legislation that it intends to move in the winter session that are aimed at removing rigidity in the labour markets to encourage employment. The Cabinet will also take up the formation of the monetary policy committee soon, completing this reform that had been outlined in the February Budget by Finance Minister Arun Jaitley.
EASE OF DOING BUSINESS
The Bankruptcy Law Reform Committee (BLRC), headed by former law secretary TK Vishwanathan, should submit its report soon. This will provide the framework for a law to quickly wind up failed enterprises, seen crucial to India moving up the ease of doing business ranking and fostering startups. A simpler regime for startups is also in the works and could be announced soon. ET has reported that consultations on the startup policy are being guided by the Prime Minister's Office and are at an advanced stage.
INFRASTRUCTURE FOCUS
The top officials of the National Investment and Infrastructure Fund will be selected soon. After that, funds will be rolled out to start investments in physical asset creation. Changes to PPP framework, also flagged by the World Bank for attracting more private investment, could be taken up soon. The government spent 53% of its capital budget by September in a bid to draw in private investment.
The policy has been cleaned up in the roads sector and that should also see action soon.
The power sector package is also ready and should be announced soon. It will be focused on solving stressed distribution companies while putting up policy safeguards to ensure there is no slippage.
FOREIGN INVESTMENT
The department of economic affairs and the department of industrial policy and promotion (DIPP) are working on a simpler foreign direct investment policy.
The current policy is riddled with sectoral conditions that lead to delays in approvals. The government wants to move to a simple and clean policy. The external commercial borrowing rules will also be reviewed to see if there is a case for more simplification.
A Decisive victory in Bihar will further strengthen ,the Government's resolve
See, you got me at the end! You are bit slower than the others but nevertheless can add 2 and 2!
Ignore the useless troll
ranjeet
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@Star Wars
how voting going on in kerala? any news?
how voting going on in kerala? any news?
Echo_419
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nair
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First phase is going smooth - 45 - 50% voted already.....
ranjeet
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Thanks bro.
nair
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One more year i think..... wonder who will be the next president???? Advani May be....
Advani will be more dangerous that Pranab in that chair.
nair
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How ?
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