Liberalization is the result of New Industrial policy which abolished the
(1 Point)
Rules and regulations
License System
Panchayat System
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panchayat system
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License System
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Industrial licensing policy – New industrial policy abolished all industrial licensing, irrespective of the level of investment, except for a short list of 18 industries related to the security and strategic concerns, social reasons, hazardous chemicals and over riding environmental reasons and items of elitist ..
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