Withdrawing MRTP Restrictions:
The restriction on the scrutiny of an investment proposal that it does not violate the provisions of MRTP Act was withdrawn. This freed big business houses to undertake expansion and establishment of new undertakings as well as to undertake mergers, amalgamations and takeovers, they were also freed in the appointment of directors. The thrust of policy in future, it was stated, would be more on controlling unfair or restrictive business practices. All this provided a more liberal environment for expansion of existing undertakings and setting up of new undertakings.