What were some significant policy measures introduced by Indira Gandhi during the period around 1969?

1) Reduction of taxes on the wealthy.
2) Nationalization of private media companies.
3) Nationalization of leading private banks.
4) Abolition of 'privy purse'.

Choose the correct answer from the given options:

3 and 4 only

The clash of factions between the Syndicate and Indira Gandhi was brought into the public eye in 1969. The passing of President Zakir Hussain that year left the position of India's President vacant. Despite Mrs. Gandhi's reservations, the 'syndicate' successfully nominated N. Sanjeeva Reddy, her long-standing adversary and the then Speaker of the Lok Sabha, as the official Congress candidate for the upcoming Presidential elections. In response, Indira Gandhi launched her countermove by urging the Vice-President at the time, V.V. Giri, to stand as an independent candidate. She also introduced several notable and popular policy initiatives, such as the nationalization of fourteen prominent private banks and the elimination of the 'privy purse,' which entailed special privileges granted to former princes.