‘Panel to review industrial policy hurdles’: 

‘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