Vajpayee's April Promises At CII

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Vajpayee's April Promises At CII
  • The government will substantially increase investments in infrastructure development. Private sector investments will receive far greater policy and implementation support.
  • The state electricity boards are bankrupt and need restructuring.
  • The Prime Minister's Office will directly monitor all projects capitalised at more than Rs 100 crore in power, roads and bridges, dams and irrigation, telecommunications, oil and energy, railways, ports and airports.
  • The government will earmark substantial plan funds for public investments in agriculture, rural development, irrigation, horticulture, afforestation, wasteland development and related rural infrastructure.
  • Within the next 60 days, the government will unveil a National Housing Policy.
  • The Urban Land Ceiling Act will be amended.
  • Within the next 30 days, the government will set up a National Information Technology Task Force, which will formulate a draft National Informatics Policy.
  • The government will initiate immediate steps to effect reforms in the public sector. These will embrace the whole gamut of imaginative restructuring, including transparent disinvestment and reducing PSU losses.
  • Necessary steps will be taken to raise the rate of savings from 26 per cent to 30 per cent.
  • The Foreign Investment Promotion Board will be required and also empowered to give a firm answer to every proposal involving FDI within a deadline of 60 days.
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