feel good factor so heres what we could start with one sector at a time purge governments policy paralysis governance deficit has emerged as the single biggest stumbling block to progress in recent months the string of scandals that has emerged has forced the government to steer clear of any bold decision while bureaucrats have started playing it safe for fear of being hauled up for any controversial decisions they might take experts say improving public delivery systems streamlining decision making restoring risk taking appetite for civil servants and effectively dealing with corruption will go a long way in enhancing the credibility of the government and help regain investor confidence a sense of policy paralysis has dented the governments image while continued policy flipflops have raised anxiety levels of investor and the business community lack of effective implementation and monitoring of public delivery systems have made the life of the common man difficult analysts say the most urgent reform now would be to bridge the governance deficit which in turn will trigger spinoffs for growth according to rajeev malik senior economist at global investment group clsa the real issue in india is not that the problems are unknown or that the solutions are unclear it is that solutions are not being implemented given the governments political constraints that is unlikely to change substantially although some adjustment in local fuel prices in june cannot be ruled out which was there even before sps move malik said in a recent note domestically few want an early general election unless upaii is ready to fall gracefully but most dont want the government to do better basically the opposition and some coalition partners are happy to play out bollywood villain ajits dialogue of putting his captives in liquid oxygen liquid wont let them live while oxygen wont let them die some key reforms that have been stalled 51 fdi in multibrand retail approved but plans on hold due to opposition land acquisition and rehabilitation bill pending in parliament reforms in the mines and mineral sector bill pending implementing goods and services tax deadline missed several times due to opposition from states some progress of late but not sure about actual rollout companies bill to overhaul 55yearold rules government yet to table fresh bill direct tax code watered down version likely next year raising fdi limit in insurance to 49 from 26 may be dropped pension fund regulatory and development authority bill likely to be introduced in the second phase of the ongoing budget session this bill aims to provide statutory power to the pension regulator and set the rules for the sector banking sector reforms proposal on full voting rights to foreign investors watered down governance reforms anticorruption bill pending in parliament labour reforms to provide flexibility on labour issues hiring and layoff not on government radar yet finish financial sector reforms financial sector reforms have had their share of ups and downs but now analysts agree that implementation