Allow privately owned insurance companies, both domestic and foreign.
Split up the monolithic Employees Provident Fund and have them managed by professional asset management companies on a competitive basis.
Allow new public and private provident and pension funds.
Abolish the CRR and SLR stipulations in inter- bank borrowing.
POWER
Cost- based pricing in a phased manner through a 10 per cent increase in the average tariff per annum net of inflation.
A central Electricity Regulatory Commission outside the governments operative control.
Fix a benchmark price per unit of energy as the basis for allowing private projects, and an unambiguous political mandate to secure the target price or break off negotiations.
Urgent restructuring of SEBs into compact, viable, corporatised units that separate to a feasible degree the generation, transmission and distribution functions.
TELECOM
Open up inter- circle long- distance services by 2001.
Replace the Indian Telegraph Act,1885.
Transfer all telecom licence fees to an Infrastructure Fund.
Corporatise DoT as India Telecom, perhaps a holding company with subsidiary companies in each circle, and another as a long- distance company, akin to the AT& T model.
TRANSPORT
Four- laning of existing highways through public toll- road method.
Set up a Highway Development Fund through levying cess on transportation fuel, automobiles and auto components.
Earmark substantial portions, if not all, of the revenues from taxes on motor vehicles and transportation fuel for road development.
