Just after a couple of days of assuming PM Office, Prime Minister Narendra Modi has started swiftly taking action against important national issues, like reviving economy, building infrastructure and lifting bureaucracy.
Modi has devised a 10 point agenda and 100 days schedule for projects and programmes. In a second cabinet meeting, PM has asked officials to workout plan for 100 days schedule.
Certain items on 10 point agenda were on BJP’s political manifesto.
On the economic front, PM wants concerns to be addressed quickly, sources said. He has also told his ministers to bring in reforms in both investments as well as infrastructure areas. Finance Minister Arun Jaitley had announced on the first day itself that the government would aim to strike a balance between boosting economic growth and containing inflation. Signalling reform, Jaitley, holding additional charge of defence, has spelt out the government’s mind on increasing the FDI cap in defence beyond 26 per cent. In yet another measure to help investors, Telecom, IT and Law Minister Ravi Shankar Prasad had made right noises by speaking out against retrospective taxation, something that has been hurting foreign companies such as Vodafone.
To improve the investment climate, implementation of projects should be expedited and monitored closely, he said. In sync with industry demand, the PM is believed to have said that policy implementation should be in a time-bound manner.