Moneycontrol PRO
HomeNewsBusinessCompaniesCabinet expansion to speed up decision making: Industry

Cabinet expansion to speed up decision making: Industry

According to CII , the induction of new (Cabinet) ministers and ministers of state would streamline governance and bring in new ideas for the economic reforms process.

November 09, 2014 / 16:40 IST

Industry chambers today welcomed the Cabinet expansion saying the development signals a serious intent on the part of Prime Minister Narendra Modi for faster decision making process and kicking in reforms.

"The induction of new (Cabinet) ministers and ministers of state would streamline governance and bring in new ideas for the economic reforms process," said CII President Ajay Shriram.

Several of the ministries were under a single minister, and industry was widely expecting the expansion of the Cabinet at an early date, he added.

"The Cabinet expansion sends out a strong signal that the government under Prime Minister Narendra Modi is serious about accelerating the reforms process," he said.

It is important to fast-track facilitative and promotional policies to strengthen the economy which is undergoing a recovery process, he added.

Another industry body Assocham said the expansion of the Cabinet would surely add new vitality to the government. "The fact that some of the key portfolios will now have full time Cabinet minister in-charge will provide speed to the decision making in important sectors of the economy," it said in a statement.

"Besides, induction of some leaders in the Cabinet, who enjoy clean image and are known for efficient functioning, has also sent a signal about the non-compromising attitude of the Prime Minister when it comes to these attributes," it added.

first published: Nov 9, 2014 03:33 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347