All the Union ministries have been asked to implement as many budgetary proposals as possible before August 10 so that Prime Minister Narendra Modi can deliver a big bang Independence speech, said sources in the government.
Cabinet Secretary Ajit Seth directed the ministries to bring some major reforms before the Independence Day on August 15 as Modi wanted to present his government’s achievements in his address to the nation.
Sources said that the government’s priority will be to facilitate Foreign Direct Investment (FDI) in some sectors like insurance. Finance Ministry is also likely to take steps to being down inflation and also approve some key infrastructural development projects.
Sources add that the government’s priority is to bring down prices in the next three weeks. FDI in defence and railways can be next.