India
INNOVATIVE FINANCING FOR INFRA IS A MUST
NATIONAL INVESTMENT FUND NEEDS TO BE SET UP
2014-10-29 10:51
-
The Modi Government is overly obsessed head over heels with economic reforms so much so that even before the results of the Maharashtra and Haryana Assembly elections were out, it announced the decontrol of diesel price and a higher price for natural gas. These are the boldest reform strokes the stakeholders had been crying for that hold out the desirably salutary and intended impact of reducing the government’s growing but unsustainable oil subsidy bill, besides enabling the upstream oil and gas producers to redeploy proceeds for beefing up their operations. In contrast to the charge that its maiden budget lacked any innovative ideas or a substantive roadmap for reform to get going to overcome the inertia of governance and reform-fatigue grievously suffered by the previous dispensation under the United Progressive Alliance (UPA), the National Democratic Alliance (NDA) has suddenly become hyper-active on policy fronts to kick-start the growth process.