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THE NATION: PM'S COUNCILS
MISSED DIRECTIONS: Unimplemented reports of the councils
REVIVAL OF TRADITIONAL INDUSTRIES
Convener:
Nusli Wadia
Member: Ratan Tata
Recommendations: 33, including textile dereservation, abolition of Tea
Board, amendment to Prevention of Food Adulteration Act and automatic
approval for new sugar mills. Only one implemented.
FOOD & AGRO INDUSTRIES MANAGEMENT
Convener: Nusli Wadia
Members: Ratan Tata, A.C. Muthiah
Recommendations: 58, including setting up a food development bank, an
agriculture insurance corporation, a centre for crop forecasting and promotion
of cooperative and contract farming. None implemented.
AVOIDING PITFALLS OF GLOBALISATION
Convener:
Rahul Bajaj
Member: Sanjeev Goenka
Recommendations: 35, including a Fiscal Responsibility Act, statutory
power to Expenditure Commission, autonomy to banks, deregulation of interest
rates, a competition law. None implemented.
GETTING DISINVESTMENT GOING
Convener: G.P. Goenka
Members: Rajeev Chandrashekhar, Nusli Wadia
Recommendations: Exact mode of disinvestment for 103 PSUs, a 21-step road
map for privatisation and recommended possible strategies for the Disinvestment
Ministry (DM). Only one implemented.
UNSHACKLING INDIAN INDUSTRY
Convener:
Nusli Wadia
Member: Ratan Tata
Recommendations: 29, including a paperwork reduction law, annual assessment
of work cleared by officials, setting time limit to government response,
easing closure laws. None implemented.
PROMOTING KNOWLEDGE-BASED INDUSTRIES
Convener:
N.R. Narayana Murthy
Recommendations: 20, including easier purchase and ownership of overseas
companies, free pricing of stock options, investment by pension and insurance
companies into venture capital funds.
A few implemented.
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