Leverage the potential of modern biotechnology by creating an independent regulatory body responsible for certifying genetic technology for commercial use.
Reform Idea: Reduce the number of labour laws in the country by amalgamating them into simplified codes.
Reform Idea: Remove the Statutory Liquidity Ratio (SLR) requirement for commercial banks.
Reform idea: Along with State and the Union governments, allow local governments to get a share of the Goods and Services Tax, linked to the performance of the local economy.
Reform Idea: Restrict the number of Centrally Sponsored Schemes to a maximum of 10.
We need to empower municipalities by codifying their responsibilities in a separate list and removing them from the state list.
The consequence of severe building height restrictions is urban sprawl. They result in longer commutes and greater reliance on a car and private-vehicle based pattern of commuting. FSI restrictions also increase the cost of real estate, by restricting supply.
The union government should divert budgetary support from established IITs & NITs to ailing state universities. IITs and NITs, in turn, must raise funding from alternate sources – alumni, foreign university collaboration, industry partnerships, increase in fees, etc.
In the absence of MRP, retailers will compete against each other to lower the prices at which they sell to the consumer. It will give the retailers the economic freedom to price their products according to their unique costs they face and larger consumer strategy.