Economic reforms: The unfinished agenda

July 8th, 2008 - 4:04 pm ICT by IANS  

New Delhi, July 8 (IANS) Following are some of the key components of economic reforms, which the United Progressive Alliance (UPA) government was unable to push ahead, primarily because of opposition from Left parties: - Divestment of government equity in public sector undertakings

- Privatisation of state-run companies

- Liberal labour policies for corporate sector

- Foreign equity in multi-brand retailing

- Higher equity for foreign companies in single-brand retailing

- Higher foreign equity for foreign companies in insurance sector

- Development of a vibrant corporate bond market

- Easier norms for foreign banks to set up operations in India

- Removal of 10 percent cap on voting rights for investors in non-state banks

- Relaxation of land ceiling for foreign realty developers

- Easier entry norms for credit rating companies

- Higher foreign equity in asset reconstruction companies

- Higher equity for foreign firms in state-run refining projects

- Higher foreign equity in newspapers and current affairs periodicals

- Permission for news and current affairs programming in FM radio

- More liberal policies for foreign equity in commodity exchanges

Tags: , , , , , , , , , , , , , , , , , , ,

Posted in Business |