Group seeks economic reforms through aggressive disinvestment
Making a strong plea for carrying on economic reforms through aggressive disinvestment and privatisation of PSUs, a city-based organisation has come out with a 'liberal budget' for the next fiscal.
By PTI |
MUMBAI: Making a strong plea for carrying on economic reforms through aggressive disinvestment and privatisation of Public Sector Undertakings (PSUs), a city-based organisation has come out with a 'liberal budget' for the next fiscal.
Indian Liberal Group (ILG) has recommended a seven-point growth strategy and demanded setting up of an "Economic Reforms Implementation Authority" for time-bound decision -making regarding economic reforms.
The budget focuses on need to adopt a specialised strategy to generate funds worth at least Rs 35,000 crore through disinvestment and privatisation.
It also envisages a system of "Ring Fencing" these resources and deploying them for improving the quality of life of common man in areas like elementary education, basic health, civil amenities and investments in critical infrastructure projects.
The budget opposes the government's strategy to provide continuing budgetary support for restructuring financially weak and loss-making PSUs, for which it said that "such efforts will not be counter productive, but drain valuable budgetary resources".
It also criticised the creation of Board for Reconstruction of Public Sector Enterprises (BRPSE), which it views as "an avenue for delaying the inevitable process of phasing out non-performing assets of the Government".
Indian Liberal Group (ILG) has recommended a seven-point growth strategy and demanded setting up of an "Economic Reforms Implementation Authority" for time-bound decision -making regarding economic reforms.
The budget focuses on need to adopt a specialised strategy to generate funds worth at least Rs 35,000 crore through disinvestment and privatisation.
It also envisages a system of "Ring Fencing" these resources and deploying them for improving the quality of life of common man in areas like elementary education, basic health, civil amenities and investments in critical infrastructure projects.
The budget opposes the government's strategy to provide continuing budgetary support for restructuring financially weak and loss-making PSUs, for which it said that "such efforts will not be counter productive, but drain valuable budgetary resources".
It also criticised the creation of Board for Reconstruction of Public Sector Enterprises (BRPSE), which it views as "an avenue for delaying the inevitable process of phasing out non-performing assets of the Government".
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