Key issues before ministers on economic policy matters

May 28th, 2009 - 11:16 pm ICT by IANS  

Manmohan Singh New Delhi, May 28 (IANS) Following are some of the key policy issues expected to be addressed by the newly-inducted ministers in Prime Minister Manmohan Singh’s government with economic portfolios:
Commerce and Industry Minister: Anand Sharma

-Push for relaxing foreign equity norms in areas like retail

-Ensure revival of exports

-Help with policy measures to nurse industry back to health

Minister of State for Civil Aviation (Independent charge): Praful Patel

-Take forward the programme to upgrade some 40 airports

-Build up support to lift caps on foreign investment in sector

-Help nurse state-run Air India back to financial health

Minister of Power: Sushil Kumar Shinde

-Get all proposed ultra-mega power projects going

-Ensure transparent divestment of stake in state-run power units

-Get policies on track to ensure targets are met for power generation

Minister of New and Renewable Energy: Farooq Abdullah

-Help with policies to help India tap the huge renewable energy potential

-Push for measures that will make renewable energy projects financially viable

-Support states for projects in areas like solar, small hydel and wind energy

Petroleum and Natural Gas Minister: Murli Deora

-Awards contracts under new round for exploration of hydrocarbon assets

-Devise new framework to help India in its quest for energy security

-Assist Indian companies in tapping new markets for oil and gas assets

Communications and IT Minister: A. Raja

-Ensure transparent and speedy auction of spectrum for 3G and WiMAX

-Put in place a new spectrum policy, with more frequency from defence

-Permit Internet telephony to help lower call costs further

Minister of Steel: Virbhadra Singh

-Nudge steel makers to keep prices stable

-Ensure firms like Arcelor-Mittal and Posco retain investment interest in India

-Coordinate with states in securing speedy clearances for steel projects

Minister of State for Coal (Independent Charge): Sriprakash Jaiswal

-Ensure adequate supplies of coal to steel, power and other projects

-Allowing private sector entry into isolated pockets of coal deposits

-Okaying foreign participation in coal sector for enhanced production

Minister of Food Processing Industries: Subodh Kant Sahay

-Implement mega food park projects to promote regional development

-Establish cold chains to ensure wastage of farm produce is lowered

-Help frame favourable policy for linkage between farm sector and industry

Minister of Shipping: G.K. Vasan

- End the controversy over Ram Sethu issue

-Formulate a policy on environment-friendly ship-breaking

Minister of Road Transport and Highways: Kamal Nath

-Award the 35 projects that are pending for national highway development

-Ensure smooth functioning of public-private partnership on road projects

-Work closely with railway minister on completing dedicated freight corridors

Textiles Minister: Dayanidhi Maran

-Help with policy initiatives to nurse textile industry back to health

-Ensure handloom, handicraft exports bounce back again

-Nurse jute industry back to financial health

Fertilisers and Chemicals Minister: M.K. Azhagiri

-Ensure drug prices remain stable in the country

-Have action plan with health ministry to act fast during epidemics

-Help frame policies to attract foreign investment in industry-specific hubs

Minister of Mines: B.K. Handique

-Handing over abandoned coal mines to private sector

-Ensure foreign investment in mining of key minerals

-Recast policy on safety of workers in mining

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