Appendix 8

Economic Reforms, 1998–99


  • Delicensing of coal and lignite, petroleum (other than crude) and its distillation products and bulk drugs.
  • Delicensing of sugar.
  • Dereservation of coal and lignite and mineral oils.
  • Companies were permitted to buy back their own shares subject to restriction of buyback to 25 per cent of paid-up capital and free reserves.
  • A national task force on information technology and software development submitted a 108-point action plan in July 1998. The government has accepted the recommendations and directions for their implementation have been given to all departments concerned.
  • Patent bill approved by Rajya Sabha and subsequently promulgated through an ordinance.
  • A number of items, including some farm implements ...

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