The following are the major market reforms announced by Union Finance Minister Arun Jaitley, who presented the annual budget in Parliament on Wednesday:
Market reforms will be undertaken, states will be asked to denotify perishables from Essential Commodities Act
Trade Infrastructure Export Scheme to be launched in 2017-18; total allocation for infra at record Rs 3.96 lakh crore
The shares of railway CPSCs like IRCTC and IRFC to be listed on various stock exchanges
More funds beyond Rs 10,000 cr for recapitalisation of banks will be provided if needed
The Foreign Investment Promotion Board has been abolished
Dispute resolution in infrastructure projects in PPP mode will be institutionalised
Govt to further liberalise FDI policy
Govt will amend the Multi-state Cooperative Act to protect the poor and gullible investors
Urgent need to protect poor from chit fund schemes, draft bill placed in public domain
Computer emergency response team to be set for cyber security of financial sector
Integrated public sector oil major to be created to match global giants
New ETF with diverse stocks will be launched in 2017-18