Financial sector

Net capital support to banking sector at Rs22,808 crore, to be restructured to increase access to additional resources for lending to productive sectors.

Bill on insurance to be introduced in 2006-07.

Limit on FII investment in government securities increased from $1.75 billion to $2 billion.

Limit on FII investment in corporate debt increased from $0.5 billion to $1.5 billion.

Ceiling on aggregate investment by mutual funds in overseas instruments raised from $1 billion to $2 billion. Requirement of 10 per cent reciprocal share holding removed.

Limited number of qualified Indian mutual funds to be allowed to invest cumulatively up to $1 billion in overseas exchange traded funds.

Investor protection fund to be set up under SEBI.

RBI''s anonymous electronic order matching trading module (NDS-OM) on its negotiated dealing system extended to qualified mutual funds, provident funds and pension funds.

Single, unified exchange-traded market for corporate bonds to be introduced.