core sector communique

Reform Agenda : Economic Survey 2010 - 11

The following reforms have been suggested by Economic Survey 2010-11 for overall growth of economy.

• Better convergence of the Schemes to avoid duplications and leakage and to ensure benefits reach to the targeted groups.

• Private sector participation in social sectors, such as health and education in the form of public-social-private partnership could be one of the possible alternatives for supplementing the on-going efforts of the Government.

• Huge capacity addition in infrastructure in a time bound manner.

• Urgent need to streamline land acquisition and environment clearance for infrastructure projects.

• Bringing parity between the compensation package admissible under the Land Acquisition Act, 1894 and that applicable to land acquisition under the National Highways Act, 1956.

• A National Forest Land Bank, with clear paper work and titles to reduce approval time for forest clearance.

• Investment in building managerial and technical capabilities of executing agencies at par with the private sector is crucial.

• Second Green Revolution with technological break-through in agricultural sector.

• Prioritisation of targeted development of rainfed area and effective marketing links be ensured for better returns to the farmers.

• Further improvements in the Mahatma Gandhi National Rural Employment Guarantee Scheme suggested such as shifting to permanent asset building and infrastructure development activities, reducing transaction costs, better monitoring and extension of the scheme to urban areas.

• Efficient taxation of goods and services by a new GST.

• Need to explore avenues for increasing investment in infrastructure through a combination of power investment, PPPs and occasionally exclusive private investment wherever possible.