Our governance model is worth studying: FM Nirmala Sitharaman to management students

The finance minister said these studies would be very interesting and she would like to see the outcome.

She said management students should look at the minimum government and maximum governance model, which the present government has adopted since 2014. This model has enabled the government to be very receptive to public suggestions, and be responsive in changing administration and its requirements towards meeting the expectations of the people.

Sitharaman said the biggest asset of her government is transparency. According to her, the government was able to clear corruption because it adopted technology. Technology helped in monitoring of all transactions on a real-time basis.

“The government scaled up the Digital Public Infrastructure (DPI), and today India’s DPI, the ‘India Stack,’ is an envy of the world,” she said.

The finance minister said the government is considered as one organization, and the entire organization thinks together, and focuses on the relationship between the parts, departments, and agencies. Due to this approach, the government is able to produce outcomes in a transparent fashion and without working in silos.

She said the Output Outcome Monitoring Framework (OOMF) of the NITI Aayog brings performance-based budgeting and also tracks the outcome for every rupee spent.

Spread over 63 acres and with an investment of Rs 1500 crore, the new campus of BITS Pilani will house its management school—BITSoM, law school—BITSLAW, and design school—BITSDES. The all-residential campus is designed to accommodate 5,000 students at peak capacity.