Niti’s 3-year agenda suggests key reforms to bolster economy

NEW DELHI: Niti Aayog in its three-year draft action agenda today suggested a host of reforms in taxation, agriculture and energy sectors with the objective of accelerating growth and increasing employment opportunities.

The draft agenda, released by Niti Aayog Vice Chairman Arvind Panagariya today, also underlined the need for recalibrating the role of the Government by limiting its involvement in activities that do not serve a public purpose.

Among other things, the Aayog has also suggested the closure of loss-making CPSEs and strategic disinvestment in 20 state-owned companies.

The three-year agenda (2017-18 to 2019-20) called for steps to check tax evasion, expand tax base and simplify taxation system through reforms. It suggested the Government could consider consolidating existing custom duty rates to a unified rate. (AGENCIES)

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