Saturday, Oct 25, 2014

Modi to unveil top 10 policy priorities, seeks to unblock investment logjam

The Prime Minister's Office is expected to become a powerful centre of policy making under Modi (Source: Express Photo) The Prime Minister's Office is expected to become a powerful centre of policy making under Modi (Source: Express Photo)
Reuters | New Delhi | Posted: May 29, 2014 11:50 am | Updated: May 30, 2014 8:44 am

Prime Minister Narendra Modi is expected to unveil his top 10 policy priorities on Thursday, seeking to unblock an investment logjam and setting deadlines for action in order to revive the economy. A top aide flagged the action points ahead of a Cabinet meeting wherein Modi will begin the task of meeting the aspirations of voters who handed the Bharatiya Janata Party (BJP) the strongest electoral mandate in 30 years.

“The entire machinery will be geared up to fulfil the mandate of the new leader,” Nripendra Misra, newly named as principal private secretary in the Prime Minister’s Office, told a newspaper in an interview.

Misra said that Modi’s policy priorities would “necessarily have to be implemented in a time-bound manner”. They would focus on overcoming delays to major infrastructure projects and addressing why India has become a coal importer, he added.

Reuters reported exclusively last week that Modi was considering restructuring Coal India, the state-controlled mining behemoth, in a bid to halt a decline in output.

The Prime Minister’s Office is expected to become a powerful centre of policy making under Modi, who has named loyalists such as Arun Jaitley to key posts like finance but whose cabinet team lacks strength in depth.

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