5 Oct 2016

NDA reform works!

Elsewhere, there are good signs of life in the NDA reform programme. The GST Oversight Committee has moved aggressively on its agenda for implementation; it has already agreed on one major component: minimum thresholds have been agreed for the new nationwide tax. The committee has now moved on to its next priority: setting the uniform national rate and a decision is not expected to take long. Meanwhile, the government is planning to double the number of benefits paid through Direct Benefit Transfer (DBT) to 147 by the end of this fiscal year in March. Pilot schemes are already under way on paying kerosene, food and fertilizer subsidies. The Union Budget process has been modernized: the railways budget will be cancelled and the date for presentation of the Union Budget will be advanced to the beginning of February.

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