What do u mean by privatisation and measures adopted for privatisation in India?
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PRIVETIZATION AND MEASURES FOR PRIVATIZATION
- privatization refers to transfer of public companies and other production resources by the government to private companies
- Privatization make it more efficient to produce goods and services and further reduces costs while increasing profit
- privatization can involve the government leasing its production companies to private hand
- privatization basically aims at incresin productivity of the company
- there are rules and regulations governing privatization of public companies as documented in the constitution
- privatization is mainly done if the company has not showed growth or if the company makes loses
- privatization can also be done in the case that a company is in debt
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