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GST Council-like authorities for land, labour, power must for reforms: RBI

"In fact, Goods and Services Tax (GST) Council type of apex authorities can be set up in respect of land, labour and power to drive structural reforms," RBI said in its 2019-20 annual report

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RBI suggested that states can be encouraged to publicise the availability of litigation-free land in their jurisdictions with access to modern infrastructure.

Press Trust of India Mumbai

3 min read Last Updated : Aug 26 2020 | 12:08 AM IST

The Reserve Bank on Tuesday suggested setting up GST Council type apex authorities for land, labour and power to drive structural reforms and expedite implementation of national infrastructure pipeline.

It said targeted public investment funded by monetisation of assets in steel, coal, power, land, railways and privatisation of major ports by central and state governments under an independent regulator can be the way forward to revive and crowd in private investment.

"In fact, Goods and Services Tax (GST) Council type of apex authorities can be set up in respect of land, labour and power to drive structural reforms," RBI said in its

Topics : Reserve Bank of India Coronavirus GST Council GST

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