Thread by @gchikermane

A thread that captures all the #70Policies follows...

You may download the book — 70 Policies that Shaped India: 1947 to 2017, Independence to 2.5 Trillion — here goo.gl/dA8QrQ via @orfonline

1/70
By ensuring that prices of shares were kept low, the Controller of Capital Issues ensured gains to small investors. But this meant enterprises were not able to get the right value

https://twitter.com/orfonline/status/1024939107238043649

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2/70
The Minimum Wages Act is not the end of all wages-related laws. There are four other Central laws that oversee wages. These need legislative consolidation

https://twitter.com/orfonline/status/1024935334159691777

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3/70
The Factories Act ensures that working conditions of Indian labour are humane. But in an era of #AI and robotics, it may push capital away from labour

https://twitter.com/orfonline/status/1024927783833616384

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4/70
The role of development finance institutions in the closed, pre-liberalisation India was noteworthy; in a relatively more open, liberalising India, they have a limited role

https://twitter.com/orfonline/status/1024969306470326272

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5/70
The Banking Regulation Act now needs to evolve towards regulating electronic and mobile money, which brings the opportunity to reach the unbanked and the threat from e-criminals

https://twitter.com/orfonline/status/1024924008251310080

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6/70
The extra-constitutional Planning Commission steered the economic direction of India for 65 years, imposing its will over Union Budgets and State finances alike

https://twitter.com/orfonline/status/1025116527908069381

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7/70
The general direction of successive finance commissions has been leaning towards giving States a greater share of resources

https://twitter.com/orfonline/status/1025108985009950720

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8/70
Industries (Development and Regulation) Act gave the government the power to investigate, assume management control of an enterprise, and take over an enterprise without investigation

https://twitter.com/orfonline/status/1025101428224749568

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9/70
The Bureau of Indian Standards Act of 2016 that replaced the ISI Act provides for compensating consumers if a product does not confirm to standards

https://twitter.com/orfonline/status/1025093886979518464

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10/70
#Nationalisation of Air India set the pace for serial nationalisations of several other sectors – notably banking, life insurance, general insurance and mining

https://twitter.com/orfonline/status/1025267522386501638

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11/70

The impunity of interference in the functioning of public sector banks peaked with the 1976 amendment to State Bank of India Act, enacted to remove its upright Chairman R.K. Talwar

https://twitter.com/orfonline/status/1025539312882987011

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12/70
From “division” to “directorate” to “commission” and finally to a “company”, the evolution of Oil and Natural Gas Corporation has moved with the times

https://twitter.com/orfonline/status/1025524215041204225

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13/70
What the Essential Commodities Act fails to see is that the era of shortages is now well behind us and needs to be amended, if not repealed, to serve this new India

https://twitter.com/orfonline/status/1025509114699501568

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14/70
So firmly was socialism etched in India that following the Industrial Policy Resolution, intellectuals advised businesses to map out a course of action consistent with the government’s

https://twitter.com/orfonline/status/1025648545473294338

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15/70
“Nationalisation of life insurance is an important step in our march towards a socialist society. Its objective will be to serve the individual as well as the State.”
—Jawaharlal Nehru

https://twitter.com/orfonline/status/1025660367106584576

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16/70
Building institutions is hard, maintaining them is even harder: in 2018 global university rankings of 950 universities, only Delhi (rank: 172) and Bombay (rank: 179) figured in top 200

https://twitter.com/orfonline/status/1025668945439670273

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17/70
Politically, economically and administratively, Food Corporation of India must rid itself of the dangerous situation of “huge surplus in FCI godowns coupled with widespread hunger”

https://twitter.com/orfonline/status/1025679495489941504

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18/70
Despite the use of MSP through the Commission for Agricultural Costs and Prices, India is a ‘food grains secure’ country but not ‘food secure’—this anomaly needs to be addressed

https://twitter.com/orfonline/status/1025718891182354433

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19/70
Implementing SEZ Act is difficult as different governments have varying objectives—Karnataka wants foreign investment, Tamil Nadu large dividends, Andhra Pradesh employment generation

https://twitter.com/orfonline/status/1025727761405472768

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20/70
There is urgent need for an extremely low-cost but market-linked long-term investment product. Until then, Public Provident Fund will remain the backbone of small savers

https://twitter.com/orfonline/status/1025736958264238081

Download #70Policies here goo.gl/dA8QrQ via @orfonline