{"id":9564,"date":"2022-02-07T12:08:40","date_gmt":"2022-02-07T06:38:40","guid":{"rendered":"https:\/\/www.iquanta.in\/blog\/?p=9564"},"modified":"2022-02-11T00:51:13","modified_gmt":"2022-02-10T19:21:13","slug":"reforms-boost","status":"publish","type":"post","link":"https:\/\/www.iquanta.in\/blog\/reforms-boost\/","title":{"rendered":"Reforms Boost (India)"},"content":{"rendered":"

There have been many reforms that have been taken by the government to give a boost to the economy.<\/span><\/p>\n

1) Retrospective Tax Repeal –<\/span><\/p>\n

The controversial law has been scrapped signalling the intention of the government to facilitate investments and settle disputes.<\/span><\/p>\n

2) Telecom Package –<\/span><\/p>\n

The government has taken measures to ensure the telecom sector does not have a duopoly by giving Vodafone Idea a fighting chance and more resources for Jio and Airtel to invest in 5G.<\/span><\/p>\n

3) PLI Schemes –<\/span><\/p>\n

Around 13 production-linked schemes have been rolled out and a package of Rs 1.97 lakh crore is given to boost domestic manufacturing.<\/span><\/p>\n

4) National Asset Monetisation Plan –<\/span><\/p>\n

The government plans to raise Rs 6 lakh score in asset monetisation plan so that funds generated can be used for new infrastructure investment projects and completing stalled projects.<\/span><\/p>\n

5) Power Reforms –<\/span><\/p>\n

Reforms of Rs 3.03 lakh crore have been taken for power discoms in order to restore the power sector where discoms cash flows are inadequate.<\/span><\/p>\n

\"\"<\/a><\/p>\n

6) New bad Bank –<\/span><\/p>\n

In order to resolve bad loans worth Rs 2 lakh crore, the government has decided to set up a Rs 30,600 crore government-guarantee backed bad bank.<\/span><\/p>\n

7) Amendments to Laws –<\/span><\/p>\n

Insolvency law has been amended to allow pre-pack resolutions, raised cover to Rs 5 crore for deposit insurance and amendment to Tribunal reform bill.<\/span><\/p>\n

8) Air India Disinvestment –<\/span><\/p>\n

Financial bids were submitted for disinvestment and if successful, this will further enhance privatisation efforts. Government won\u2019t need to pump in thousands of crores to keep Air India running.<\/span><\/p>\n

There were different other measures too like scrappage policy for vehicles, drone policy, development financial institution, liberalised regime for BPOs etc.<\/span><\/p>\n

These reforms are acting as a booster resulting in a higher GDP growth for Q1. Although the absolute numbers are still lower than that of 2019, these reforms will lead to a higher economic growth in the coming quarters.<\/span><\/p>\n

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\"CAT<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

There have been many reforms that have been taken by the government to give a boost to the economy. 1) Retrospective Tax Repeal – The controversial law has been scrapped signalling the intention of the government to facilitate investments and settle disputes. 2) Telecom Package – The government has taken measures to ensure the telecom […]<\/p>\n","protected":false},"author":2,"featured_media":9821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[369,367,173],"tags":[],"yoast_head":"\nReforms Boost (India) - iQuanta<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.iquanta.in\/blog\/reforms-boost\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reforms Boost (India)\" \/>\n<meta property=\"og:description\" content=\"There have been many reforms that have been taken by the government to give a boost to the economy. 1) Retrospective Tax Repeal – The controversial law has been scrapped signalling the intention of the government to facilitate investments and settle disputes. 2) Telecom Package – The government has taken measures to ensure the telecom […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.iquanta.in\/blog\/reforms-boost\/\" \/>\n<meta property=\"og:site_name\" content=\"iQuanta\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/iquanta.in\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-07T06:38:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-10T19:21:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.iquanta.in\/blog\/wp-content\/uploads\/2022\/01\/WhatsApp-Image-2022-02-06-at-8.31.16-PM.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mansi Sankhe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mansi Sankhe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.iquanta.in\/blog\/reforms-boost\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.iquanta.in\/blog\/reforms-boost\/\"},\"author\":{\"name\":\"Mansi Sankhe\",\"@id\":\"https:\/\/www.iquanta.in\/blog\/#\/schema\/person\/0040ebf007dd9b208036881d62f2f8b2\"},\"headline\":\"Reforms Boost (India)\",\"datePublished\":\"2022-02-07T06:38:40+00:00\",\"dateModified\":\"2022-02-10T19:21:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.iquanta.in\/blog\/reforms-boost\/\"},\"wordCount\":380,\"publisher\":{\"@id\":\"https:\/\/www.iquanta.in\/blog\/#organization\"},\"articleSection\":[\"GD-PI\",\"General Awareness\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.iquanta.in\/blog\/reforms-boost\/\",\"url\":\"https:\/\/www.iquanta.in\/blog\/reforms-boost\/\",\"name\":\"Reforms Boost (India) - 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