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Finance Minister Stresses on Simplifying Development Laws

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Finance Minister Stresses on Simplifying Development Laws
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November 19: Finance Minister Janardan Sharma has said that the government is ready to operate big projects without any obstructions and to facilitate the development initiative. He said that unclear laws and other hurdles had hampered big projects and expressed that such laws need to be revised. According to the state-owned national news agency RSS, the finance minister made such remarks during a recent discussion held at the finance ministry.

Finance Minister Sharma also stressed on the need of policies capable of simplifying the operations of big projects by removing unnecessary hurdles. He insisted that projects capable of bringing positive change in the financial aspects of people’s life should be selected and their smooth implementation be ensured. He pointed out the need of identifying projects on basis of the real needs of the people and not on the basis of political influence.    
The finance minister claimed that the lawmakers in the past endorsed laws without making in-depth study of the topic. This has caused the existing problems in the development process, added minister Sharma.    
Chief Secretary Shanker Das Bairagi, Finance Secretary Madhu Kumar Marasini and secretaries and representatives from different ministries were present on the occasion.    
The discussion focused on the existing procurement law, challenges in the achievement of the target of capital expenditure, status of the coordination among bodies concerned and fiscal discipline among others.    

 

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