Obtain information about any one industry in your localities with the help of the following questions
Answers
Answer:
Explanation:
The industrial licensing system has been abolished for all except six industries related to security, strategic or environmental concerns. At the same time, the number of industries reserved for public sector since 1956 have been reduced from 17 to 4. Industries related to atomic energy, substances specified in the Schedule of the Department of Atomic Energy as well as Railways have remained under the public sector. The government also has decided to offer a part of the shareholdings in the public enterprises to financial institutions, general public and workers. The threshold limits of assets have been scrapped and no industiy requires prior approval for investing in the delicensed sector. They only need to submit a memorandum in the prescribed format.