Narendra Modi Government - Small Reforms with Big Impact - ET
Where are Modi Sarkar's big-bang reforms, some are asking. But most are missing a clutch of small policy changes that will greatly improve business climate and citizens' lives. A picture on small reforms:
For Business
1. Red to Green Tape
Promoters of big projects can seek online green clearances. Cuts out discretion. Big change from UPA's Jayanthi tax.
2. Sailing Through
Ships, critical to commerce, to get lifetime licences from local marine authority. No more annual trips to Delhi.
3. Freer Factories
Industrial licences valid now for 3 years, plus simple process for 2-year renewal. Big change from 2-year permits and red-tape maze.
4. Better for Boiler
GoI tells states to stop notorious factory visits by boiler inspectors and go for self or third-party certification on boiler safety.
5. Inspecting Inspectors
Inspector raj to end. Compliance checks on business for labour laws only on basis of solid information, not babus' whims.
For Citizens
1. Goodbye Notaries
Citizens can self-attest IDs, address proofs & other documents. No need for long queues at dingy notary public offices. States advised to follow the same rule.
2. Rooting for Retired
PF contributions go up big because salary cut-off raised from Rs 6,500 to Rs 15,000. Plus NPS contribution made tax-free.
3. Fuelling Change
UPA made premium petrol, diesel much pricier than ordinary fuel. Price difference now down to just Rs 2/L. Good for city air.
4. Truly Tatkal
Those last-minute rail bookings now far easier. Railways online system can now handle 7,200 bookings per minute, a 300% jump in speed.
5. Smarter Help
PM Relief Fund disbursals no longer based on lottery. Seriously ill poor and children to get top priority. Plus, SMS from PM when your request is granted. more
For Business
1. Red to Green Tape
Promoters of big projects can seek online green clearances. Cuts out discretion. Big change from UPA's Jayanthi tax.
2. Sailing Through
Ships, critical to commerce, to get lifetime licences from local marine authority. No more annual trips to Delhi.
3. Freer Factories
Industrial licences valid now for 3 years, plus simple process for 2-year renewal. Big change from 2-year permits and red-tape maze.
4. Better for Boiler
GoI tells states to stop notorious factory visits by boiler inspectors and go for self or third-party certification on boiler safety.
5. Inspecting Inspectors
Inspector raj to end. Compliance checks on business for labour laws only on basis of solid information, not babus' whims.
For Citizens
1. Goodbye Notaries
Citizens can self-attest IDs, address proofs & other documents. No need for long queues at dingy notary public offices. States advised to follow the same rule.
2. Rooting for Retired
PF contributions go up big because salary cut-off raised from Rs 6,500 to Rs 15,000. Plus NPS contribution made tax-free.
3. Fuelling Change
UPA made premium petrol, diesel much pricier than ordinary fuel. Price difference now down to just Rs 2/L. Good for city air.
4. Truly Tatkal
Those last-minute rail bookings now far easier. Railways online system can now handle 7,200 bookings per minute, a 300% jump in speed.
5. Smarter Help
PM Relief Fund disbursals no longer based on lottery. Seriously ill poor and children to get top priority. Plus, SMS from PM when your request is granted. more
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View all 8 comments Below 8 comments
Though the list is very small and mostly business friendly, given it has been 2 months and the govt has 282 seats.... but still I am sure over time they will improve more
Jul 24
Hi Mr Goyal, Your points are to be substantiated with real sense of outlook. I welcome all your steps and I shall also forward my little contibutions soon. Thanks. S.Ramanujam Strategy Consultant. On 7/23/14, Aditya Goyal wrote: > more
Jul 24
All big bang reforms begin with small well thought initiatives. Hats-off to present dispensation to have begun in the right direction. Finally we are out of policy parallesis........... Sharing. more
Jul 24
