Category
Budgets, tax, money, banks, jobs and trade.
| Party | Points per year | Total points | Range (total) | Actions scored |
|---|---|---|---|---|
| BJP | +0.99 | +14.9 | +13.1 to +16.7 | 3 |
| INC | +0.86 | +44.5 | +42.0 to +47.0 | 4 |
Parties with under 2 years in power are left out because a per-year figure over so short a time swings widely; their entries are listed below.
Low data: fewer than 2 scored actions credited to the party in this category.
Entries in this category by the party that led the government responsible. Zero is shown so gaps are visible.
No dossiers are published in this category yet. Dossiers are unscored fact files; they carry no party points.
GST replaced many central and state indirect taxes from 1 July 2017 under a Constitution amendment and a Centre-State GST Council. Collections and taxpayers grew; rate structure and compliance remain debated.
Evidence points +15.0 (range +14.0 to +16.0)
On 8 November 2016 the government withdrew Rs 500 and Rs 1,000 notes, about 86% of cash by value. The RBI reported about 99% returned; the Supreme Court upheld the decision 4:1 in January 2023.
Evidence points −9.5 (range −10.0 to −9.0)
The IRDA Act, 1999 created a statutory insurance regulator in 2000 and allowed private and foreign-linked insurers, ending the public-sector monopoly in life and general insurance.
Evidence points +10.5 (range +10.0 to +11.0)
The February 1997 Budget cut the top personal income tax rate to 30% and the corporate rate to 35%, lowered peak customs duty, and launched a voluntary income disclosure scheme.
Evidence points +2.0 (range +2.0 to +2.0)
The SEBI Act, 1992 gave the Securities and Exchange Board of India, set up non-statutorily in 1988, statutory powers to regulate securities markets, replacing the Controller of Capital Issues.
Evidence points +12.5 (range +12.0 to +13.0)
In July 1991, during a balance-of-payments crisis, the government ended most industrial licensing, cut the public-sector reserved list and eased foreign investment rules, part of a wider reform package.
Evidence points +15.5 (range +15.0 to +16.0)
In 1991 India sold gold with a repurchase option to UBS and pledged gold to the Bank of England and Bank of Japan to meet external payments, a step that coincided with the balance-of-payments crisis.
Evidence points +6.0 (range +5.0 to +7.0)
In July 1969 the government took over 14 large private banks. Bank branches and rural deposits rose between 1969 and 1991; the Supreme Court first invalidated the Act on compensation grounds.
Evidence points +9.0 (range +8.0 to +10.0)
The Second Plan (1956-61) put public-sector investment in capital goods and steel at the centre of planning, with a targeted 4.5% annual growth rate; the Plan reported about 4.3%.
Evidence points +7.5 (range +7.0 to +8.0)