Explain briefly steps taken for privatisation in india?
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The steps taken for privatisation in India were:
Sale of PSU Shares: The government started offering the public sector units to the public and to the financial institutions. The share of private sector rose from 45% to over 55%Disinvestment of public sector units: this was taken for the sick units. The government sold companies worth Rs. 30, 000.Minimization of the public sector: initially it was thought that public sector’s control over industries will increase efficiency, stimulate industrial growth and poverty eradication. But since that did not happen, the number of industries reserved for the public sector was reduced to three, which were originally 17. These were transport and railway, atomic energy and mining of atomic minerals.
Sale of PSU Shares: The government started offering the public sector units to the public and to the financial institutions. The share of private sector rose from 45% to over 55%Disinvestment of public sector units: this was taken for the sick units. The government sold companies worth Rs. 30, 000.Minimization of the public sector: initially it was thought that public sector’s control over industries will increase efficiency, stimulate industrial growth and poverty eradication. But since that did not happen, the number of industries reserved for the public sector was reduced to three, which were originally 17. These were transport and railway, atomic energy and mining of atomic minerals.
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