M Venkaiah Naidu said that Narendra Modi has directed all ministers to prepare an agenda for the first 100 days. Modi emphasised that the "most important" aspects that need to be focussed on are efficient governance, delivery and implementation of schemes and programmes, Naidu said while briefing the media on the meeting.
Believing that the progress of states is crucial for the country's development, he also instructed his Council of Ministers to give priority to the issues brought forth by the state governments as also the MPs.
The directives were given by Modi at a Cabinet meeting here in the context of his 10-point vision which includes increasing investment, completing infrastructure projects in time-bound manner and exploiting the natural resources to the country's benefit.
The top 10 priorities for Modi, according to Times Now are:
1. Build confidence in bureaucracy
2. Welcome innovative ideas & babus to be given freedom to work
3. Education, Health, Water. Energy & roads will be priority
4. Transparency in the government. E-auction to be promoted
5. System will be placed for inter ministerial issues
6. People oriented system to be in placed in government machinery
7. Addressing concerns relating to economy
8. Infrastructure and investment reforms
9. Implement policy in time bound manner
10. Stability and sustain ability in government policy
On Thursday, ET reported that the finance ministry is scripting a liberal foreign investment policy framework that will allow at least 49% investment in all sectors, barring a few strategic ones, as part of plans to stimulate overseas interest and help lift the economy out of a prolonged slump. Moreover, the ministry will propose that the minimum 49% investment is allowed through the automatic route, without requiring time-consuming government approval, based on the argument that Indian-owned and controlled companies should not face undue scrutiny.
"If ownership and control rests in Indian hands, sectoral caps can be set at 49% as a default barring a few sectors," said a finance ministry official, justifying the liberal threshold in the policy paper the ministry has prepared for the incoming Modi government, which sees kickstarting growth as a priority. The official did not elaborate on the sectors but it is expected that defence, railways, e-commerce and media will be significant beneficiaries in this round of liberalisation.
The proposal could also offer a way to settle the issue over FDI in multi-brand retail. The BJP, in its manifesto, opposed allowing entry to foreign retailers. Scaling back FDI in the sector to 49% could be a compromise solution. But the final call will be a political one. Arun Jaitley, who's the minister for finance and defence, has already indicated that he will look into the issue of FDI in defence. The ministry will also propose a simplification of policy that will end the differentiation among various forms of overseas investment through a composite cap structure.
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