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BW Businessworld

Survey Suggestions

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Following are some of the key suggestions made to the government by the Economic Survey for 2007-08

Allow private sector in coal sector with independent regulator
List all unlisted PSUs, sell 10 per cent stake to public
Permit private investment in nuclear power
Allow foreign equity in all retail trade
Phase out control on sugar, fertiliser and drugs
Sell old oil fields
Raise FDI limit in insurance sector to 49 per cent
100 per cent FDI in Greenfield Pvt Rural Agricultural Banks
Free entry of private & public-private partnership rail Freight companies
Enact bankruptcy law to facilitate exit of old, failed Managements
Allow private companies to run urban public transport
Amend Factories Act to allow 12 hour working shift seasonally.
Introduce new bankruptcy law that facilitates exit of old/failed management as expeditiously as possible
Public sector rail track company to own new tracks and signals
Urgent need to place the highest priority on building roads
Urban land ceiling laws and limitations of rent control acts needs to be urgently addressed
Irrigation a major constraint on raising crop productivity
Urgent need for a regime that supports predictable user charges, a financial system that allocates risk efficiently, and project selection based on sound commercial and legal Principles to ensure transparency
Import dependence to meet energy needs should be reduced by tapping coal reserves, accelerating exploration of oil and Gas and fully exploiting the nuclear and hydro potential for power generation


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