Look ahead to see series of reforms : What gives us conviction - TopicsExpress

Look ahead to see series of reforms : What gives us conviction about the governments intent is that the reforms are not namesake. In fact areas like land acquisition, labour laws, coal allocation, fuel deregulation have been untouchable areas for the previous government. The recent decision to de-regulate diesel, increase natural gas price and auction the de-allocated coal blocks reflects that the new government is ready to bite the bullet. It also shows governments intent in aligning the fiscal imbalance. Divestment in PSUs, overhauling tax laws and dealing with politically sensitive issue of fertilizer subsidies is next on radar. Not to mention his administrations intent to scrap outdated laws. These laws were doing more harm than good and were used as a net to circumvent businesses.

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