RAJYA SABHA
A committee was set
up by the Government, inter alia, to examine the extant
procedures for investment approvals and implementation of projects
and suggest measures to simplify and expedite the process of public
and private investment. The Committee has made wide-ranging recommendations
for re-engineering the project cycle for public investment, both
for physical and social sector development, to ensure greater
professionalisation of the identification, preparation, approval
and post-evaluation stages of the cycle. It has also detailed
a process for re-engineering all relevant regulatory systems at
the Central, State and local Government levels for ensuring transparency
and accountability in decision-making and minimizing documentation.
The Committee has also recommended that the best global practices
be adopted and the revised processes embodied in e-governance
systems.
The recommendations
of the Committee are under consideration.
This information
was given by Shri Vijay Goel, Minister of State for Statistics
and Programme Implementation in a written reply to a question
by Shri Ram Jethmalani and Shri Rajiv Ranjan Singh ‘Lalan’ in
Rajya Sabha today.
