Gen-next reforms: Big ticket projects, slashed compliances

Following the Prime Minister's bugle for ringing in next-generation economic reforms in his Independence Day speech, the government has clearly outlined a broad range of focus areas where it wants actionable ideas with expeditious implementation timelines.

- SANJEEB MUKHERJEE

These include an ambitious push for big-ticket projects, projecting India as a destination for major investments, and slashing the compliance burden on enterprises and citizens. Heightened attention has also been sought for easing red tape encountered by Micro, Small and Medium Enterprises, and those engaged in foreign trade.

A high-level panel on Implementation of Viksit Bharat Goals, under the chairmanship of NITI Aayog member Rajiv Gauba, has been tasked with monitoring and providing strategic guidance on programmes like Atmanirbhar Bharat, infrastructure projects and economic initiatives to attract investments.

The committee, according to its terms of reference, has also been entrusted with framing an action plan for economic development and employment generation, especially through big ticket projects such as doubling of mining output, power generation, renewable energy including green hydrogen, small and advanced modular reactors, and coal gasification.

Strategising to attract and support major investment projects, such as those in sectors like semi-conductors, that are looking at India as a destination, is also part of the mandate of the panel that has been enabled to co-opt as well as consult experts and stakeholders from across sectors.