Agencies

When we talk of self-reliant Bharat, we should prepare ourselves also for tough competition.Structural reforms to be covered today, says FM.She says there is a need to simplify rules in certain sectors.

She urged following Steps to be taken for Investment reboot :

1.Fast tracking investment clearances
2.Special cell for seamless approvals
3.Upgrade of industrial infra
4.Providing land solutions

All industrial parks to be ranked.

Eight Sectors In Focus :

1. Coal
2. Minerals
3. Defence Production
4. Airspace management,
5. Airports
6. Power distribution companies in Union Territories
7. Space
8. Atomic Energy

(A) Govt lets go of Coal :

* State monopoly goes
* Pvt players to be allowed
* Entry norms to be liberalised
* Nearly 50 blocks to be offered
* No eligibility conditions
* Only upfront payment with a ceiling
* Any party can bid

Rs 50,000 crore alloted for creating evacuation infrastructure for coal.

(B) Mineral boost :

* Seamless mining, exploration regime
* 500 mining blocks to be offered
* Joint auction of bauxite and coal blocks
* Distinction between captive, non-captive mines removed
* A mineral index to be made
* Stamp duty to be rationalised

(C) Make in India push for defence :

* Indigenistion of imported spares
* List of weapons/platforms to be notified for import ban
* Separate budget for procurement
* Improve autonomy, accountability in ordnance
* FDI limit raised from 49% to 74%
* Overhaul of testing systems

(D) New wings for Aviation :

* 6 more airports up for auction
* Pvt players get investment room, expected money: Rs 13,000 cr
* 6 more airports to be identified
* Rationalising air space to reduce flying time, save fuel
* Air space curbs to be removed
* Green efforts to be boosted
This move may reduce your flying cost. Also , Convergence of defence and civil MROs to be established to save money on maintenance.

(E) Tariff policy reform for power :

* Discoms in Metros to be privatised
* You won't have to suffer for discom inefficiencies
* Load shedding will face penal action
* Discom functions to be streamlined to improve accountability

(F) Pvt sector investment in social infra boosted through revamped funding scheme with an Rs 8,100 cr outlay :

* Pvt sector gets co-pilot seat in space sector
* Regulatory ease to be extended to firms
* Pvt firms can use Isro, facilities
* Space exploration opened for pvt players , Liberal geo-spatial policy

(G) Atomic energy reforms :

* Research reactor to be done in PPP mode (for medical isotopes)
* PPP mode facility for irradiation tech for food
* Startup ecosystem to be linked with nuclear sector