Jan 2015

17 STEPS in the Direction of Development

The note enlists 17 critical reforms and business friendly ordinances taken by the NDA government,
since taking charge in May-2014, which showcases its efforts to rebuild the image of India and its
intention to bring the country back on the path of development and growth.
1

Ending paralysis at
centre

Provided online environment clearance for transparency & fast

Attracting FDI and NRI

money and improving
perception

Met with top foreign dignitaries of countries US, Japan, China

Introducing
Manufacturing
Reforms

Set up the Make in India initiative which aims at:

Allowing 100% FDI in

Railways

Allowed up to 100% FDI in PPP projects, suburban corridors,

Easing norms for

Land Acquisition

Eased norms for acquiring land while maintaining the interest of

Introducing
Coal Sector Reforms

Announced auction of 214 coal blocks cancelled by the Supreme

track project clearance

Cleared 217 projects in 3 months vis--vis 212 projects in 7
months by previous government
Initiated actions toward employee discipline and professionalism
to remove bureaucratic inertia

and Australia, etc.

Launched E-visa for 43 nations, merged OCI and PIO cards,
issued special M-visa to boost medical tourism
Engaged in talks for FDI investments worth $41 Bn by US, $35
Bn by Japan and $100 Bn by China over the next 3 to 5 years

increasing the share of manufacturing in the overall GDP

generating employment for the bulk of unskilled and semiskilled workers
Discussions in progress for investment proposals worth Rs.
2000 Crs for electronics manufacturing and for Rs. 8000 Crs
funding by World Bank for solar power unit in MP

dedicated freight line, signaling, electrification etc.

the current land owners for projects in defence, infrastructure,

housing and industrial corridors
Can kick start stalled projects worth Rs.300 Bn

Court in the previous month; 74 blocks to be auctioned in Feb.

Source: Anand Rathi PWM Research. Publicly available data

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Jan 2015

Easing norms for

Starting Businesses

Launched E biz portal which provides:

online single window system to ease the approval process to

start a business
online services regarding regulatory requirements for business
and investments across States & Central government.
Launched NITI Aayog (in place of Planning Commission) which:

Launching NITI Aayog

(National Institution for comprises of world renowned economists such as Arvind
Transforming India)
Panagariya, Professor - Columbia University, as Vice Chairman
and Bibek Debroy as full time member
provides strategic input and direction to the development
process through demographic & economic data analysis
fosters better Inter-Ministry and Centre-State coordination by
including all State & Union Territories leaders in decision
making.

10

Allowing 49% FDI in

Defence

Allowed up to 49% FDI in defence equipment manufacturing to

Allowing 49% FDI in

Insurance

Increased liberalization of the insurance sector by allowing upto

Launching Swachh
Bharat Initiative

Launched a cleanliness drive to improve public health and

Launching Nation
Building Initiatives

Initiated skill development of youth to help increase

Launching Jan Dhan

Yojna (Zero Balance
Bank Account) &
Retaining Aadhar

Opened 11 Cr bank accounts of which balances of 2.96 Cr

Increasing Revenues
(Railway Budget)

Hiked passenger fares by 14.2% and freight rates by 6.5%

11

12

13

14

15

boost domestic manufacturing industry

49% FDI through ordinance route which is expected to provide

the much-needed capital to increase penetration

hygiene as well as boost tourism

employment and ensure Indias competitiveness

Initiated adopt-a-village and develop in three years by providing
infrastructural development, empowerment and social justice.
As of mid Nov, 294 MPs have adopted a village to develop it out
of the total 795 MPs

accounts aggregate to Rs. 8,545 Cr

Laid down infrastructure for easy cash transfers and distribution

of targeted subsidies to poor

yielding revenue of Rs. 8000 Cr

Announced launch of bullet trains

Source: Anand Rathi PWM Research. Publicly available data

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Jan 2015

16

Deregulating
Diesel Prices &
Revising Gas Prices

Deregulated diesel prices, which is expected to reduce the

subsidy bill by Rs. 520 Bn in FY15

Hiked gas prices, which is expected to provide additional

revenue of approximately Rs. 3800 Cr.

17

Controlling Inflation

Made amendments to the APMC Act and increased supply

through Public Distribution scheme

Increased Minimum Support Price of crops by a modest 2%.

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Source: Anand Rathi PWM Research. Publicly available data

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