* Unleash reforms - phase out cesses, surcharges and transaction taxes (such as commodities transaction tax, securities transaction tax and Fringe Benefit Tax)

* Introduce new Income Tax Code that results in neutral corporate tax regime

* 7-7.5% growth possible in 2009-10

* Allow 49% FDI in defence and insurance; permit FDI in multi-format retail starting with food

* Proposes another round of fiscal stimulus including tax cuts and increase in expenditure

* Decontrol petrol and diesel prices; end Govt monopoly in railways, coal and nuclear energy

* Lift all bans on future contracts to restore price discovery; decontrol sugar and fertiliser

* Revitalise disinvestment programme to generate Rs 25,000 crore annually, list all PSUs and auction those beyond revival

* Economic growth decelerated in 2008-09 to 6.7 per cent from nine per cent in 2007-08

* Fiscal deficit in 2008-09 shot up to over 6 per cent from 2.7 per cent in 2007-08

* Survey indicates FRBM-II to get back to path of fiscal consolidation

* Complete the process of selling 5-10 per cent equity in identified profit-making non-'Navratna' PSUs

* List all unlisted PSUs and sell a minimum 10 per cent equity to public.

* Auction all loss-making PSUs that cannot be revived

* In PSUs with zero networth, allow negative bidding in the form of debt write-off

* Auction 3G spectrum

* The auctioned spectrum must be freely tradable, with capital gains on spectrum to be taxed under the Income Tax Act

* Rationalise Dividend Distribution Tax to ensure full single taxation of returns to capital in the hands of the receiver

... contd.