Arvind Panagariya underlines the reforms that India needs most urgently
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Last Updated: Jul 26, 2021, 09:57 AM IST
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Synopsis
The New cabinet’s new job is ensuring speedy delivery in three key areas: liberating education, speeding up privatisation and ending exemption raj. India has been presented with a new opportunity that the government must seize, says the former Niti Aayog chief.
Urgent progress is required towards privatisation of central public-sector enterprises, says Panagariya.
Recent expansion and reconfiguration of the council of ministers offers a fresh opportunity to accelerate and deepen structural reforms. The government must seize this opportunity.
Among the bills being tabled in the monsoon session, two hold great promise: Electricity (Amendment) Bill, 2021 and Deposit Insurance and Credit Guarantee Corporation (Amendment) Bill, 2021. The former would make electricity distribution markets competitive and the latter financial markets. They requir