(a) whether the Government has proposals to create an
Investment Board with extraordinary authority to supersede
individual Ministries and decide the fate of expensive
infrastructure projects; and
(b) if so, the details thereof and present status of the case?
MINISTER OF STATE FOR FINANCE
(SHRI NAMO NARAYAN MEENA)
(a) & (b): The Government has set up the Cabinet Committee on Investments (CCI) with the Prime Minister as the
Chairman to expedite decisions on approvals/clearances for implementation of projects. The CCI monitors and
reviews the implementation of major projects to ensure accelerated and time-bound grant of various licenses,
permissions and approvals. This is likely to improve the investment environment by bringing transparency,
efficiency and accountability in accordance of various approvals and sanctions.