As the government is getting aggressive on reforms, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said the there are more to come, reports CNBC-TV18. Stating that India is capable of high growth, Ahluwalia stresses that large infrastructure projects are one of the areas of focus.
Ahluwalia adds that the negative perception of India caught in logjam is changing as political support is increasing credibility of government policies. Also read: GAAR panel likely to submit final report today
The government is likely to float a mega infrastructure debt fund (IDF) that will push for investments. The government is also looking at setting up a National Investment Board (NIB) to fast-track approvals for mega-infrastructure projects involving an investment of over Rs 1,000 crore.
Meanwhile, he also informs that Direct Cash Transfers scheme which is likely to be rolled out by 2013, will save Rs 10,000-15,000 crore in two years alone. Direct Cash Transfer will enable direct electronic transfer of cash to the bank accounts of those who qualify for government subsidies and schemes.
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!
