"Medium-term supply side measures to address supply side bottlenecks have become crucial, especially in terms of reforms of agriculture marketing and new entry and reinvigorated competition in supply-chain improvements (such as through FDI in multi-brand retail), both of which were recommended by the inter-ministerial group on inflation, headed by the ministry of finance," the mid-year analysis said.
In case of several of the bullets with "announcement implemented" tag, a closer read would tell you that the government is taking undue credit. For instance, the budget speech talked about making FDI policy more user friendly as also liberalizing the FDI policy. While two consolidated circulars have been issued by the industry department, policy liberalization is something that the government would be keen to avoid. After all, it had to beat a hasty retreat on allowing foreign retail chains to open stores in India after it failed to convince not just the Opposition, but even allies and Congress party members. In any case the consolidated circulars had become a norm of sorts even before Mukherjee's announcements.
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