HOME > MARKETS > ECONOMY NEWS
  ECONOMY NEWS
ECONOMY
Better reforms implementation by next govt needed for job creation: Former RBI Governor
May-21-2019

Former Reserve Bank of India (RBI) Governor Bimal Jalan has said that the Prime Minister Narendra Modi-led government has taken a number of reforms but further needs to be done by the next government on the implementation front to ensure employment generation. He also said that the government should take up administrative reforms that are complicated but essential for the implementation of government policies.

Talking about what economic reforms need to be taken by the next government, Jalan said the next government should implement policies that are already announced. Moreover, he said ‘equally important is the administrative reforms, at the moment, the administrative structure is highly complicated, and for anything you want to do, you probably require 15-16 approval by the central government.’

Therefore, former RBI Governor has stated that the role of the central government in the policy making is important but in the implementation, the state governments should be given more power.

  RELATED NEWS >>