Niti Aayog Vice Chairman Rajiv Kumar today said the time has come for consolidation of reforms, including GST, bankruptcy code and benami law, initiated by the Modi government in the last 42 months to ensure that the steps deliver the "desired fruits". The new initiatives in the next 18 months, Kumar said, should focus on health and education sectors as these two are going to be critical for human resource development. "You know Modi government has done far too much in those 42 months, it has taken some very major steps. "The number of EPFO accounts have increased, the number of National Pension System (NPS) accounts have increased... (There is a) significant jump in the number of employees within the services sector, especially in tourism, civil aviation, transport and services sector. Asked why private investments are not picking up, he pointed out that most people use only the figure of credit offtake on public sector banks (PSBs) as the proxy for private sector investment.

Source: dna November 26, 2017 09:36 UTC