Liberalisation

Coverage balance

How many entries exist for each party's governments and each decade. This shows where the record is thin, so a quiet period reads as a gap in coverage, not as inactivity.

Dossiers

Actions in time order, by government

1. P. V. Narasimha Rao, 21 Jun 1991 to 16 May 1996

   INC INC government

   • ImplementedINC24 Jul 1991

     1991 Statement on Industrial Policy and economic reforms

     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)

   • ImplementedINC4 Apr 1992

     SEBI Act 1992 (statutory powers for the securities regulator)

     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)

2. Atal Bihari Vajpayee, 19 Mar 1998 to 22 May 2004

   BJP NDA government

   • ImplementedBJP29 Dec 1999

     IRDA Act 1999 and opening of insurance to private players

     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)