Time for Action! Govt to Roll-Out More Reforms after Bihar Polls

Ease of doing business

The Prime Minister and his associates are almost at the last stage of working on startup policies of the country and thus, flexible startup regimes are soon to be announced. As law secretary TK Vishwanathan works on Bankruptcy Law Reform Committee (BLRC), the same report is expected to be out in this policy phase by the government. This will cover laws and rules for failed enterprises in the country.

Infrastructure focus

Investments will be made for physical asset creation across the nation. Top officials for National Investment and Infrastructure Fund will be shortlisted. The country might also witness a change to the PPP frame work to grab more private investment flayered by the World Bank. Policies related to cleaner roads in India will also be formulated. Power Sector will be altered keeping in view no power slippage.
 

Foreign Investment

The department of industrial policy and promotion (DIPP) along with the department of economic reforms will roll out a simpler FDI policy. As the existing one is clustered with sectoral conditions, the government wants a simplified version.

As an encouragement to the labor force, the labor ministry enlists 9 grounds of legislation in this winter session of the Indian government.

Though goods and services tax will be an April affair in 2016, yet this year the goods and services tax (GST) Bill is expected to be in the Parliament.

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