Policy reforms can meet 30% of infra investment requirement
First, some statistics on the pending legislative business. At the beginning of this winter session, there were some hundred Bills still pending in Parliament. Additionally, as per some knowledgeable sources, it is believed that the government has identified around 35 Bills for the session, which include some carry-overs from the previous session.
The table below summarises the status of the policy actions that the government has taken till date outside the ambit of Parliament and the Bills/actions that requires Parliamentary approval, requires consensus/Parliamentary Standing Committee approval. For the sake of convenience, we have categorised the policy decisions that have already been decided and require no Parliamentary approval in the first column. There is no problem in going ahead with implementing these policy decisions (other than possible Parliamentary reviews or debates). However, the next three columns in the table reflect the government’s dilemma in implementing some of the policies announced (for example, insurance and PFRDA amendment requires Parliamentary passage) and also the requirement of consensus
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