| Promise | Current status |
| New Bills on Company and Income Tax law | Committee have submitted summary reports recently. To be placed in Parliament in March, Says ministry. |
| Fifth pay Commission report | Report submitted. Committees to be formed on different aspects. Burden shifted to fiscal 1997. |
| To raise Rs 5,000 crore from PSU disinvestment and set up Commission | Commission set up without statutory powers. 40 PSUs recommended. None divested. |
| Traffic Commission | Cleared by Cabinet, members not announced |
| Expenditure Commission | Politicians aborted move |
| White paper on subsidies | Reworked NIPFP paper reportedly ready |
| Retargeting PDS | Initiated. Food subsidy to Zoom. |
| Insurance Regulatory Authority to be statutory. New policy reforms. | Done. strong Left opposition diluted move for further reforms. |
| IRBI to become FI | Done |
| Central stocks depository | Set up. Other capital market reforms on line |
| New bill on BIFR, Sick Industries Act | Still under review |
| Infrastructure Development Financial Corporation to be set up | Foreign funds not enough for corporate to start work. Tax sops not yet tapped. |
| Single divisible tax pool. | Discussion paper circulated |
| 5 % per cent fiscal deficit. 2.5 % revenue deficit. | Targets likely to be exceeded to rising expenses and food subsidy bill and revenue shortfall. |