Government has taken several notable decisions on the economy of the country and the welfare of the people. While delivering his Interim Budget Speech, the Finance Minister Shri P. Chidambaram said that these decisions include fully decontrol of sugar, gradual correction of diesel prices, rationalization of railway fares for the first time in decade among others. He said that applications were invited for issuing new bank licenses and restructuring of DISCOMS was done with generous central assistance.

The Finance Minister Shri P. Chidambaram informed the House that the Government has also passed some historical legislations during the current financial year i.e. 2013-14.

128 lakh land titles covering 18.80 lakh hectare were distributed under the Scheduled Tribes and Other Traditional Forest Dwellers Act.

• The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act was notified.

• The National Food Security Act was passed.

• The new Companies Act enacted.

• The PFRDA Act was passed

Legislative reforms enacted bolster land, food, pension and corporate frameworks while major economic policy changes were announced. The Government combined market-oriented policy measures-sugar decontrol, phased diesel price correction, railway fare rationalisation, new bank licences and DISCOM restructuring-with significant legislation: distribution of forest-dweller land titles and enactment/notification of the Right to Fair Compensation and Transparency in Land Acquisition, the National Food Security Act, the new Companies Act and the PFRDA Act.