BUDGET 2017: Unveiling Of More Reforms

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 ActTrade Infrastructure Export Scheme to be launched in 2017-18; total allocation for infra at record Rs 3.96 lakh croreThe shares of railway CPSCs like IRCTC and IRFC to be listed on various stock exchangesMore funds beyond Rs 10,000 cr for recapitalisation of banks will be provided if neededThe Foreign Investment Promotion Board has been abolishedDispute resolution in infrastructure projects in PPP mode will be institutionalisedGovt to further liberalise FDI policyGovt will amend the Multi-state Cooperative Act to protect the poor and gullible investorsUrgent need to protect poor from chit fund schemes, draft bill placed in public domainComputer emergency response team to be set for cyber security of financial sectorIntegrated public sector oil major to be created to match global giantsNew ETF with diverse stocks will be launched in 2017-18