Govt should follow Rajasthan model of labour reforms across states, says industry body
Updated: Aug 25, 2014 03:47:00pm
New Delhi, Aug 25 (KNN) There is close to 90-95 central and state laws which need to be consolidated and amended to improve ease of doing business, said an industry body adding that it expects the Central Government to support the Rajasthan model of labour reforms across different states.
“The Rajasthan government has shown a rare political courage to bring in changes in the labour related laws that will benefit both the workforce and the entrepreneurs,” ASSOCHAM said on the eve of completion of NDA’s 100-days in government.
The industry body said that the next Budget (2015-16) should not be assessed on the financial numbers but the ‘Outcome Budget’ in terms of physical achievements and mooted 16 projects for implementation to the government.
“The quick implementation of the major programmes unveiled will start yielding results and push the growth rate by at least 1-1.5 per cent points,” it said.
“Exports are crucial to reducing our trade deficit. Some of the procedural irritants like difficulties in tax refunds must be removed with the help of technological solutions. The refunds can be made automatic the way Railways and airlines do refunds online,” the chamber suggested as a means to improve ease of doing business in India.
On the 159 PPP Infra Projects, it said, “These projects have already been approved under the Viability Gap Funding, involving total investment of Rs 80,894 crore. Forty five of these have achieved financial closure as well. A high level monitoring on a real time basis is required on their progress,” says the ASSOCHAM spokesman.
Further, “Fund with a corpus of Rs 10,000 crore for providing equity through venture capital funds, quasi equity, soft loans and other risk capital specially must take off after quick processing of regulatory and procedural formalities. A culture of self-employment has to catch up among the youth so that instead of searching for jobs, enterprising youth should look for employees. Failures of start-ups should not be scoffed at, but be used as learning curves,” it said.
On Smart Cities, the industry body said that, “Our cities are decaying even as India needs to go urban to shift people away from the over-crowded agriculture sector. While the plan to build 100 Smart Cities is laudable, the infrastructure in the existing cities must be improved for which innovative financial tools would be required.”
The other important project mentioned by the industry body was Tuticorin Harbour. “Rs 11,635 crore have been allocated for the development of outer Harbour Project in Tuticorin for phase I. The project must be speeded up,” it said.
Focusing on the Goods and Services Tax, ASSOCHAM said, “The Finance Minister should reach out to state governments and their issues concerned so that further movement on the GST, is seen without any more delays. It will be a real differentiator the Indian economy and will allow several states to do a catch-up act.”
The other programmes pointed by the industry body are - transparency and accountability; road building target of 8500 km must be sacrosanct; Rs 14,389 crore for rural roads; railways must spend plan outlay; disinvestment must start etc. (KNN/SD)
“The Rajasthan government has shown a rare political courage to bring in changes in the labour related laws that will benefit both the workforce and the entrepreneurs,” ASSOCHAM said on the eve of completion of NDA’s 100-days in government.
The industry body said that the next Budget (2015-16) should not be assessed on the financial numbers but the ‘Outcome Budget’ in terms of physical achievements and mooted 16 projects for implementation to the government.
“The quick implementation of the major programmes unveiled will start yielding results and push the growth rate by at least 1-1.5 per cent points,” it said.
“Exports are crucial to reducing our trade deficit. Some of the procedural irritants like difficulties in tax refunds must be removed with the help of technological solutions. The refunds can be made automatic the way Railways and airlines do refunds online,” the chamber suggested as a means to improve ease of doing business in India.
On the 159 PPP Infra Projects, it said, “These projects have already been approved under the Viability Gap Funding, involving total investment of Rs 80,894 crore. Forty five of these have achieved financial closure as well. A high level monitoring on a real time basis is required on their progress,” says the ASSOCHAM spokesman.
Further, “Fund with a corpus of Rs 10,000 crore for providing equity through venture capital funds, quasi equity, soft loans and other risk capital specially must take off after quick processing of regulatory and procedural formalities. A culture of self-employment has to catch up among the youth so that instead of searching for jobs, enterprising youth should look for employees. Failures of start-ups should not be scoffed at, but be used as learning curves,” it said.
On Smart Cities, the industry body said that, “Our cities are decaying even as India needs to go urban to shift people away from the over-crowded agriculture sector. While the plan to build 100 Smart Cities is laudable, the infrastructure in the existing cities must be improved for which innovative financial tools would be required.”
The other important project mentioned by the industry body was Tuticorin Harbour. “Rs 11,635 crore have been allocated for the development of outer Harbour Project in Tuticorin for phase I. The project must be speeded up,” it said.
Focusing on the Goods and Services Tax, ASSOCHAM said, “The Finance Minister should reach out to state governments and their issues concerned so that further movement on the GST, is seen without any more delays. It will be a real differentiator the Indian economy and will allow several states to do a catch-up act.”
The other programmes pointed by the industry body are - transparency and accountability; road building target of 8500 km must be sacrosanct; Rs 14,389 crore for rural roads; railways must spend plan outlay; disinvestment must start etc. (KNN/SD)
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