Business
Economic reforms: The unfinished agenda
New Delhi | July 08, 2008 3:05:08 PM IST
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 exchangesap-rrr/dg (201 Words)*08071420NNNN (IANS)
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