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Posted on Nov 03, 09:46PM | UNI
Punjab Deputy Chief Minister Sukhbir Singh Badal today advised the Centre to change archaic laws and bring transparency in the working of economic ministries to come out of economic slowdown, impinging the industrial growth of the country.
Delivering keynote address in the national convention organised by Confederation of Indian Industry 'Invest North' here today, Mr Badal said the country's bureaucracy was yet to come out of the mindset of 'Licence Raj' and the Central government would have to take proactive steps to unshackle the economic laws affecting the economic growth of the country.
Advocating complete transparency in the decision making, coupled by minimising discretion of the authorities , he said such steps could restore the lost confidence of foreign institutional investors in 'India Story' and put the economy back on rails.
Mr Badal said Punjab government, realising the same problem, had set up a Governance Reforms Commission and on its advice brought in historical changes in the state laws besides ensuring transparency in the decision making process. Underlining the need for transparency, Mr Badal said by making e-tendering mandatory, the Punjab Government could save 20 to 30 per cent on project costs by breaking the age old nexus of engineers and the contractors.
He said, "Now we are moving a step forward by ensuring e-payment through special software in which authorities could not stop the payment of contractors in expectation of gratification."