Union Finance Minister informed that the government would unleash more economic reforms in the coming days in order to rev up the investor sentiment and spur growth momentum. The government is expected to expedite implementation of around 40 projects out of the 250 private sector projects that can quickly take off the ground and, thereby, boost economic growth.
Chidambaram expects the government to resolve issues like coal pricing and coal allocation to power plants, natural gas pricing before the end of June. Further, the government expects to reform the foreign direct investment (FDI) limit, and work on a number of steps that the Securities and Exchange Board of India (SEBI) is contemplating based on the Chandrasekhar Committee report, which was submitted recently. The minister opined that the Chandrasekhar committee report was extremely positive, and they deserved to be accepted after discussion.
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