Standing Committee on Finance: Recommendations on Industrial Distribution and Disinvestment
UPSC Relevance
Prelims: Indian Polity and Governance (Parliament and State Legislatures - Structure, Functioning; Parliamentary Committees). Indian Economy and Social Development (Industrial Policy, Disinvestment, Inclusive Growth).
Key Highlights from the News
The Parliamentary Standing Committee on Finance put forward some significant recommendations to the government.
The main recommendation is to prepare an action plan for the even distribution of industries across all states in the country to ensure balanced and equitable economic development.
The committee pointed out that the government's disinvestment plans have not made significant progress since their announcement.
The committee recommended speeding up the disinvestment or closure of non-strategic, loss-making Central Public Sector Enterprises (CPSEs).
These recommendations from the committee come amid allegations that the Centre is forcing investments to move out of states ruled by opposition parties.
COMMENTS