Central Government dismantled finance ministry committee
Q. Which committee will be dismantled to improve ease of doing business?- Published on 18 Apr 17
a. Finance Ministry Committee for PPP projects
d. Both a and c
e. All the above
ANSWER: Both a and c
The Central government has proposed to dismantle the finance ministry committee which gives approval to PPP projects to speed up the procedural delays and fostering ease of doing business.
NITI Aayog may be given charge of these projects.
The move follows the planned dismantling of the Foreign Investment Promotion Board.
As per the current rules, PPP projects above 1000-Cores are sent to PPPAC and then to the Cabinet for approval.
PPPAC was created in 2006 under the Department of Economic Affairs in the Finance Ministry.
It is comprised of the secretaries of economic affairs, expenditure and legal affairs along with the department sponsoring the project and the NITI Aayog CEO.