As the Bharatiya Janata Party (BJP) prepares to form its third consecutive government under the leadership of Prime Minister Narendra Modi, Union Finance Minister Nirmala Sitharaman has outlined the key areas of focus for the upcoming Modi 3.0 cabinet. In a series of interviews and public statements, Sitharaman has highlighted the government’s commitment to governance, technology, and transparency, outlining a vision for a more efficient and effective administration.
Governance and Efficiency
Sitharaman emphasized the need for more governance and less government in Modi 3.0. She highlighted the importance of streamlining administrative processes and reducing bureaucratic red tape to improve the overall efficiency of the government. This includes the advancement of the budget cycle to February 1, which has improved administrative efficiency and delivery of schemes by providing ministries with the full budget available from the beginning of the financial year.
Technology-Driven Changes
The Finance Minister also stressed the significance of technology-driven changes in the upcoming cabinet. She mentioned that technology will be a top priority, with a focus on fintech, a solution for rural livelihood, and the mission lifestyle for the environment. The government aims to leverage technology to make lives simple and more sustainable aims to leverage technology to make lives simpler and more sustainable, including the development of generic drugs and the utilization of green ammonia.
Infrastructure Development
Infrastructure development will continue to be a major area of focus for the Modi 3.0 government. Sithuaraman highlighted the emphasis on infrastructure development, particularly in far-flung regions, and the ramping up of digital infrastructure. This includes investments in education, health, and skilling programs to ensure that graduates are ready for the job market.
GST Reforms
Sitharaman also touched on the need for GST reforms, including rationalization. A group of ministers will submit a report to the GST Council after the elections, which will be taken up to the next level
Budget Transparency
The Finance Minister emphasized the importance of transparency in budgeting practices. She highlighted the Modi government’s commitment to fiscal prudence, transparency, and inclusiveness, ensuring that investments are made in social development and infrastructure. The government has also prioritized transparency in its budgeting practices, which contrasts starkly with the Congress-led UPA government’s practices of hiding deficits through off-budget borrowing and issuance of ‘Oil Bonds’.
Reforms and Systemic Changes
Sitharaman emphasized the need for continued and systematic reforms, which have been waiting for some time. These reforms will be taken down to the panchayat and local body level, ensuring that permissions for setting up units are simpler and more transparent.
Modi 3.0 Cabinet Composituion
Sources indicate that the BJP is likely to retain all four key ministries, including home, finance, defense, and external affairs while trying to strike a balance between continuity and new faces. Over a dozen BJP MPs have been named in the Council of minister’s list, along with several women and new faces.
Conclusion
Nirmala Sitharaman’s vision for Modi 3.0 outlines a commitment to governance, technology, and transparency. The government aims to leverage technology to improve efficiency, invest in infrastructure development, and ensure transparency in budgeting practices. With a focus on systemic reforms and a balance between continuity and new faces, the Modi 3.0 cabinet is poised to build on the successes of the previous term and drive India’s growth forward.