By IANS,
New Delhi : 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