Arvind Panagariya underlines the reforms that India needs most urgently SECTIONS Last Updated: Jul 26, 2021, 09:57 AM IST Share 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 require speedy passage. But a lot more needs to be done outside the current legislative agenda