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Everyone wants reform. But few can name more than 3 or 4. Just listed the 29 BIG reforms from Current Govt.


As we know the current Govt has been trying hard to push for reforms  but we are least aware what are they . Just thought of highlighting those.Hopefully all of the reforms will be completed very soon amicably .....


S.No
Reform Name
Status
How Difficult For Govt to pass
More Info
1
Direct Benefit Transfer
In Progress
High
The government is pushing for this reform, but progress depends on state capacity and commitment.
2
Allow More than 50% FDI in Insurance
In Progress
High
Parliament on 3/12/2015 approved amendments to India’s Insurance Act that increase the FDI cap from 26% to 49%.
3
GST
Incomplete
High
The Lok Sabha passed the GST Bill (122nd Constitutional Amendment) on 5/6/15, but the legislation is stalled in the Rajya Sabha.
4
Deregulate Kerosene Price
Incomplete
High
Deregulating kerosene pricing will lower government subsidies and also encourage the expansion of private hydrocarbon production.
5
Remove Govt mandated minimum prices for agricultural goods
Incomplete
High
Removing minimum support prices will reduce the government’s subsidy burden and help end the over-production of staple grains
6
Deregulate Fertilizer Prices
Incomplete
High
On 5/13/15 the government announced a new four-year urea policy that will continue the price regulation regime.
7
Allow foreign lawyers to practice in India
Incomplete
High
Allowing foreign law firms to establish offices and practice law in India will lower barriers to doing business in India.
8
Relax government controls over corporate downsizing
Incomplete
High
India’s Industrial Disputes Act sets a floor of 100 employees after which government permission is required to lay off workers. Some firms choose to remain below this level, giving up growth opportunities, in order to retain flexibility
9
Make it Quicker and Easier for companies to go through Bankruptcy
Incomplete
High
On 11/4/2015 the Finance Ministry’s “Bankruptcy Reforms Law Committee” issued its report on a model law, as well as draft legislation
10
More than 50% FDI in Railways
Complete
Low
DIPP Press Note 8 (2014), issued 8/27/2014, opened most of the railways sector to 100 percent FDI.
11
Allow Foreign Investment in more construction projects
Complete
Low
A DIPP Press Note , issued 11/10/2015, removed almost all restrictions on FDI in construction, including minimum project size, and reduced the lock-in period for capital to three years.
12
Extended the Expiration date of industrial licenses
Complete
Low
DIPP Press Note 9 (2014), issued on 12/20/2014, increased the maximum validity of an industrial license from two years to seven years.
13
Allow More than 50% FDI in retail e-commerce
In Progress
Low
A DIPP Press Note , issued 11/10/2015, allows single-brand retail operations and all Indian manufacturers to engage in e-commerce. FDI is allowed in single-brand retail as long as 30% of products sold are manufactured in India.
14
Raise the ceiling on foreign institutional investment in Indian companies
Incomplete
Low
The long-standing 10% limit on single institutional investors hinders investment in high-growth Indian companies. SEBI raising this threshold — even to 20% — will unlock significant liquidity for listed Indian companies.
15
Deregulate Diesel Pricing
Complete
Medium
The government deregulated diesel pricing on 10/18/2014.
16
Fully open the coal/mining sector to private/foreign investment
Complete
Medium
Parliament approved the Coal Mines (Special Provisions) Act, 2015 on 3/20/2015, opening the sector to private—including foreign—investment.
17
Conduct transparent auction of telecom spectrum
Complete
Medium
In March 2015 the government conducted a simultaneous auction across several bands recently freed by the Ministry of Defence.
18
End of retrospective taxation of cross-border investments
In Progress
Medium
On 8/28/14 the Central Board of Direct Taxation announced the formation of a 3 member panel to “screen” use of the retrospective principle.
19
Deregulate Natural Gas Pricing
In Progress
Medium
The government increased the ceiling price of natural gas on 10/18/2014.
20
Use Direct Benefit Transfer to deliver cash subsidies
In Progress
Medium
The government is gradually increasing the number of cash-transfer schemes that use DBT, but has faced implementation issues.
21
Allow more than 50% FDI in Defense
In Progress
Medium
A DIPP Press Note , issued 11/10/2015, makes approval of FDI up to 49% automatic, with higher levels permitted on a case-by-case basis.
22
Reduce Restriction of Foreign Investment in Multibrand Retail
In Progress
Medium
A DIPP Press Note , issued 11/10/2015, relaxes sourcing rules for foreign-owned retailers that offer “cutting-edge technology” and makes it easier for other retailers to meet the sourcing requirements.
23
Reduce Restriction of Freign Investment in Single Retail
In Progress
Medium
A DIPP Press Note , issued 11/10/2015, relaxes sourcing rules for foreign-owned retailers that offer “cutting-edge technology” and makes it easier for other retailers to meet the sourcing requirements. The Press Note opens ecommerce to foreign-owned single brand retailers, too
24
Establish Process For Thoughtful financial regulations
In Progress
Medium
The Ministry of Finance in December 2013 issued a guidebook for financial regulators on adopting stronger regulatory governance practices. Adherence has been modest, however.
25
Institute a 30 day notice and comment period for proposed regulations
In Progress
Medium
The Ministry of Law & Justice sent a letter on 2/5/2014 to all ministries, urging them to comply with a 30 day notice & comment period and other rules. Implementation has been inconsistent.
26
Stop forcing banks to lend to priority sectors
Incomplete
Medium
The Ministry of Law & Justice sent a letter on 2/5/2014 to all ministries, urging them to comply with a 30 day notice & comment period and other rules. Implementation has been inconsistent.
27
Make it easier to start a business by offering one-stop shopping solutions
Incomplete
Medium
The World Bank’s “Doing Business” report notes that India requires 12.9 procedures to start a business—well above the South Asian average (7.9 procedures). Link is the same as above.
28
Ensure that business owners can receive a permit in 10 days or less
Incomplete
Medium
The World Bank’s “Doing Business” report notes that it takes on average 29 days to start a business in India. That’s nearly double the South Asia average (15.7 days). The OECD average is 8.3 days.
29
Allow cities to issue municipal bonds to raise funds
Incomplete
Medium
Creating the policy, legal, accounting, and reporting framework for local governments to issue municipal or project revenue bonds will spur the creation of this financing option.




Disclaimer :
he data are taken from  Center for Strategic and International Studies

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