The 10-Point Agenda For The Modi Sarkar

The fi­nance min­is­ter’s task is not go­ing to be easy

The Economic Times - - Pure Politics - BIBEK DE­BROY

pro­vi­sions and clean­ing up the tax-re­lated dis­pute mech­a­nism (in­clud­ing ap­peals). Other than di­lu­tion of eq­uity in PSU banks, pri­va­ti­za­tion/dis­in­vest­ment are u n l i k e l y. T h e r e f o r e , o n e shouldn’t have any un­re­al­is­tic deficit-re­duc­tion ex­pec­ta­tions about the 2014-15 budget. The growth im­prove­ments will be in­cre­men­tal, not big-bang. This also ap­plies to sup­ply-side changes, nec­es­sary for both agro and man­u­fac­tured in­fla­tion. While one should ar­gue for changes in APMC Acts, ECA and per­haps even MSP, or even for cold stor­age, pro­cess­ing and other forms of bet­ter in­ter­me­di­a­tion, these do not kick in im­me­di­ately. On the cor­rup­tion part, such as in (9), IT and re­duc­tion of hu­man in­ter­faces do in­deed con­trib­ute to re­duced cor­rup­tion. But these are typ­i­cally State is­sues. Rare is the scope for e-auc­tion alone solv­ing prob­lems for a govern­ment in Delhi. In ad­di­tion, for some­thing like (8), the point is the fol­low­ing. Can one com­pletely elim­i­nate sub­jec­tiv­ity in de­ci­sion-mak­ing in Delhi, de­spite be­ing trans­par­ent about it? Since one can’t, how does one en­sure de­ci­sion-mak­ing in this cli­mate of greater pub­lic scru­tiny? This gov­er­nance


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