List the major initiatives under the economic reform measures.
Abolishing the licensing system.
Automatic approval for FD1 (Foreign direct investment) for many activities.
A *** import – export policy for ensuring easy exports of Indian goods and obtain the necessary raw materials.
Reforming the banking and financial sector in accordance with the internationally accepted standards.
Reforms in the tax structure for ensuring higher coverage tax payers and increasing the tax revenue.
Withdrawing and restricting government interference on investment and also privatization of public sector enterprises.
