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Major Economic Policy Decisions Taken Outside The Budget
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  • Trade policy liberalised ('91 and '92)

  • Rupee devalued ('91)

  • New Liberalised Industrial policy ('91)

  • Phosphatic and potassium fertiliser prices decontrolled

  • Steel decontrolled ('92)

  • Imposition of quantitative restrictions allowed ('98)

  • Foreign equity allowed in aviation ('97)

  • T-Bills replaced with ways and means advances ('97)

  • Coal mining allowed by private sector ('97)

  • SEBI powers tightened ('95)

  • Share buyback announced ('98)

  • 25-30 per cent petrol price hike ('96)

  • Private banks allowed ('94)

  • Foreign broking firms allowed ('94)

  • 40% equity in insurance ('99)

  • Major commodities like sugar, petro-products decontrolled
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