The implications of granting environmental clearances within 75 days are as follows:

• Efficient project implementation: Receiving clearances within 75 days will ensure quicker project implementation, which in turn leads to faster development in the country.
• Reduction in project costs: Faster decision-making will significantly reduce project costs due to minimized delays and related expenses.
• Time-bound compliance: Clearances within a stipulated time frame would ensure project compliance with environmental regulations and would also help in avoiding penalties for non-compliance.
• Increased transparency: With clear timelines, project applicants, investors, and stakeholders would have more transparency about the project implementation process.
• Better environmental outcomes: By following strict protocols within the specified time limit, developers would need to meet higher environmental standards, ensuring better environmental outcomes.
• Positive impact on investment: The recent statement by the Minister lauding this move indicates that the government is serious about attracting investment to the country, which implies significant positive changes in economic growth and job creation.

Overall, granting environmental clearances within a stipulated timeframe promotes environmentally sustainable development, economic growth, and transparency. The benefits outweigh the disadvantages, but caution must be exercised to ensure that compliance standards are not relaxed at any point.