Outgoing Niti Aayog Vice Chairman Arvind Panagariya believes that the NaMo administration is studiously following reforms. He points out that the closure of 18-20 sick public sector units (PSUs) have gone "very well", even as he made a case for expediting privatisation of loss making state-owned companies.
The Prime Minister's Office (PMO) had asked government think-tank Niti Aayog to look into viability of sick state-run companies. "Transaction advisers have been appointed. So even (in the case of) PSUs that were identified for strategic disinvestment, (progress) is happening, only thing is that it is slower," Panagariya told PTI.
The government has budgeted to raise Rs 72,500 crore through stake sale in PSUs in the current fiscal. This includes Rs 46,500 crore from minority stake sale, Rs 15,000 crore from strategic disinvestment and Rs 11,000 crore from listing of PSU insurance companies.
Answering questions on labour reform, Panagariya said he thinks the government does want to do labour reforms. "The labour ministry has been working on four different labour codes (Wages, Industrial Relations, Social Security & Welfare and Safety and Working Conditions) which will replace the 40 plus laws that currently exists at the central level."
Panagariya sees NaMo administration on reforms track
By IndianMandarins - 2017-08-16 11:20:42
Outgoing Niti Aayog Vice Chairman Arvind Panagariya believes that the NaMo administration is studiously following reforms. He points out that the closure of 18-20 sick public sector units (PSUs) have gone "very well", even as he made a case for expediting privatisation of loss making state-owned companies.
The Prime Minister's Office (PMO) had asked government think-tank Niti Aayog to look into viability of sick state-run companies. "Transaction advisers have been appointed. So even (in the case of) PSUs that were identified for strategic disinvestment, (progress) is happening, only thing is that it is slower," Panagariya told PTI.
The government has budgeted to raise Rs 72,500 crore through stake sale in PSUs in the current fiscal. This includes Rs 46,500 crore from minority stake sale, Rs 15,000 crore from strategic disinvestment and Rs 11,000 crore from listing of PSU insurance companies.
Answering questions on labour reform, Panagariya said he thinks the government does want to do labour reforms. "The labour ministry has been working on four different labour codes (Wages, Industrial Relations, Social Security & Welfare and Safety and Working Conditions) which will replace the 40 plus laws that currently exists at the central level."
