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:
1) Divestment of government equity in public sector undertakings
2) Privatisation of state-run companies
3) Liberal labour policies for corporate sector
4) Foreign equity in multi-brand retailing
5) Higher equity for foreign companies in single-brand retailing
6) Higher foreign equity for foreign companies in insurance sector
7) Development of a vibrant corporate bond market
8) Easier norms for foreign banks to set up operations in India
9) Removal of 10 per cent cap on voting rights for investors in non-state banks
11) Relaxation of land ceiling for foreign realty developers
12) Easier entry norms for credit rating companies
13) Higher foreign equity in asset reconstruction companies
14) Higher equity for foreign firms in state-run refining projects
15) Higher foreign equity in newspapers and current affairs periodicals
16) Permission for news and current affairs programming in FM radio
17) More liberal policies for foreign equity in commodity exchanges .
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