Get ready for naming and shaming of non-performing states: Amitabh Kant
ET Now|
Nov 04, 2017, 04.40 PM IST
Talking to ET Now, Amitabh Kant , CEO, NITI Aayog , says the process of disinvestment of 10 PSUs is at a very advanced stage.
Edited excerpts :
The prime minister is making it quite clear that he has one life one mission to improve India’s ranking. If you had to come up with top three reforms that we need to do break into the top 50 of the Ease of Doing Business ranking, what would it be?
First and foremost, enforcement of contract is critical because that is the only one condition on which on distance to frontier criterion we have not moved up, This is really critical and would require us to put up commercial courts. It would require us to ensure that we do not have more than three adjournments for commercial cases, the time taken is too long. So that is the key.
The second is we need to get construction permits. We need to get registration of property right. In starting a business and trading across border, we have done a lot of things already. We just need to ensure there is better implementation and there is better respondent feedback that will ensure that we will jump up in a big way.
The prime minister also said that this is not just an Ease of Doing Business ranking. This is about making life easier. You brought about property. Now that is a state subject so how is this going to be done?
One of the key things which we had started and which has gained tremendous momentum is the competition and ranking of states.
And now districts as Mr Ramesh Abhishek says…
The Prime Minister’s whole mantra is about cooperative and competitive federalism. When we started ranking of states, we said that we will name and shame the states and we will put it in public domain. Good governance will become good politics and actually in Niti Aayog, all the lessons that I had learnt as secretary DIPP I put to use. We are doing this ranking of states in health, in education, in water management, in agriculture. All of this will be put out in public domain shortly and you will see a huge competition on a lot of social sectors, states being ranked and states being named and shamed. That is the only way to improve India.
The two big events the economy is watching out for are recap bonds which should once in for all turn around the banks and the Air India sale which even Mr Jayant Sinha said is going to happen this financial year. What are the latest updates?
Well not just Air India but NITI Aayog has recommended 34 public sectors for strategic disinvestments. Of them, 10 are at a very advanced stage. DIPAM is doing the final movement. The processes have to be very transparent and competitive and 10 of them are going to go through a process of strategic disinvestment. The government is pushing for strategic disinvestment in a very big way.
ET Now: And this is obviously be via auction routes for all of them?
Everything will be through a transparent, competitive process.
Edited excerpts :
The prime minister is making it quite clear that he has one life one mission to improve India’s ranking. If you had to come up with top three reforms that we need to do break into the top 50 of the Ease of Doing Business ranking, what would it be?
First and foremost, enforcement of contract is critical because that is the only one condition on which on distance to frontier criterion we have not moved up, This is really critical and would require us to put up commercial courts. It would require us to ensure that we do not have more than three adjournments for commercial cases, the time taken is too long. So that is the key.
The second is we need to get construction permits. We need to get registration of property right. In starting a business and trading across border, we have done a lot of things already. We just need to ensure there is better implementation and there is better respondent feedback that will ensure that we will jump up in a big way.
The prime minister also said that this is not just an Ease of Doing Business ranking. This is about making life easier. You brought about property. Now that is a state subject so how is this going to be done?
One of the key things which we had started and which has gained tremendous momentum is the competition and ranking of states.
And now districts as Mr Ramesh Abhishek says…
The Prime Minister’s whole mantra is about cooperative and competitive federalism. When we started ranking of states, we said that we will name and shame the states and we will put it in public domain. Good governance will become good politics and actually in Niti Aayog, all the lessons that I had learnt as secretary DIPP I put to use. We are doing this ranking of states in health, in education, in water management, in agriculture. All of this will be put out in public domain shortly and you will see a huge competition on a lot of social sectors, states being ranked and states being named and shamed. That is the only way to improve India.
The two big events the economy is watching out for are recap bonds which should once in for all turn around the banks and the Air India sale which even Mr Jayant Sinha said is going to happen this financial year. What are the latest updates?
Well not just Air India but NITI Aayog has recommended 34 public sectors for strategic disinvestments. Of them, 10 are at a very advanced stage. DIPAM is doing the final movement. The processes have to be very transparent and competitive and 10 of them are going to go through a process of strategic disinvestment. The government is pushing for strategic disinvestment in a very big way.
ET Now: And this is obviously be via auction routes for all of them?
Everything will be through a transparent, competitive process.
