Govt readies reforms push in Parliament

THE CENTRE PLANS to push through a dozen major Bills in the upcoming Winter Session of Parliament to speed up reforms and boost investments.

- SHRUTI SRIVASTAVA & ABHIJIT ROY CHOWDHURY

Starting December 1, the session is expected to feature a slew of major legislations on sectors ranging from insurance to atomic energy, a Parliament document showed. These Bills slated for discussion and passage aim to improve the ease of doing business in Asia's third-largest economy.

Prime Minister Narendra Modi plans to make India a “developed country” by 2047, a goal that requires growth closer to 8%.

The economy is expected to grow 7.3% in the three months to September, according to the median estimate in a Bloomberg survey of economists. The data are due on Friday.

The government is also facing pressure from Washington's trade policies, with US President Donald Trump imposing tariffs of 50% on Indian goods, among the highest in the world.

The PM overhauled the goods and services tax (GST) in September to spur domestic consumption and help the economy withstand US levies.