Bimal Jalan had a close view of financial governance while he served as Union Finance Secretary and Governor of the Reserve Bank of India. Drawing on his vast experience he compares two distinct periods: 1980–2000 and 2000–15, and examines the transition India has made in the last four decades from a strictly regulated, slow-growth state enterprise to one of the fastest-growing economies in the world.
In his latest book, India: Priorities for the future he lists out few areas India needs to pay attention to.
Here is a list of ten of those priorities:
One of the foremost priorities regarding financial governance
Priority for the banking sector
Another reform in the financial sector that the India has to bring about
The RBI has to keep working with financial experts to develop procedure for the debt markets to grow
The outcomes of the present schemes in terms of actual benefits is pretty low
Performance reviews of a ministry will lead to better execution of policies
Red tapism needs to be done away with
Outsourcing to different agencies reduces petty corruption and delays
An urgent political reform is to speed up investigations of persons who are in political parties
An utmost priority lies in making the states accountable for policy execution than the Centre
Which priority according to you should be the India’s topmost priority? Tell us.
