The package to boost the sagging capital market include restructing of UTI's most popular US-64 scheme, full tax exemption on all income from UTI and other mutual funds and abolition of stamp duty on transfer of debt instruments with the depository mode. The finance minister has adopted a multipronged approach for the revival of the economy. There is a complete thrust the rural economy, agro-food industry has been brought under priority sector while sector like housing, information technology, textile have been given the necessary impetus. The proposal to set up more debt recovery tribunals and constitute settlement advisory committees for recovery of non-performing assets is welcome steps to provide relief to the banking industry.

The restoration of 100 per cent modified value-added tax facility and revamping existing export credit scheme in foreign currency to make available pre-shipment and post-shipment credit at global competitive rates will revatalise the export potential of thecountryThe focus on urban infrastructure and housing sector has adressed the crisis in the steel industry therby much of the woes of the financial institution.