‘Panel to review industrial policy hurdles’:
Context:
- The Union Government’s proposal to constitute a new mechanism to fast-track investment proposals
What is the news all about?
- The Union government will set up a committee to review policy-related roadblocks and other factors that obstruct industrial growth and private investments.
- The government is considering a new mechanism to monitor domestic and foreign investment proposals.
- The government is looking to increase average utilization of industrial capacity
- It will hold consultations with all the stakeholders impacted by the Goods and Services Act.
How will the new mechanism work?
- The regulatory review committee will address policy-related roadblocks
- It will examine the factors responsible for the slowdown in the industrial growth and private investments.
- It will help in decision-making
