Companies will be permitted to buy back shares within S E B I guidelines .
The government proposes to abolish the existing provision requiring its prior approval for inter-corporate investments.
Companies will be permitted to enhance acquisition limits as per the recommendations of the Bhagwati Committee on takeovers.
The public sector will be restructured, and disinvestment made more transparent. The action to achieve these objectives will be in place within 30 days.
Steps will be taken to speed up the passage of the Companies Bill and FEMA .