Question

what is decentralization and major steps taken in 1992 towards decentralization​

Answer 1

Decentralization refers to a company's top management delegating authority to subunits of the company. Subunits include divisions, subsidiaries, profit centers, investment centers, and so on. ... A benefit of decentralization is having the decision makers closer to the markets in order to make better and faster decisions.

Major steps that were taken towards decentralisation in 1992 were:

• It was made obligatory to hold elections for choosing members of local governmental institutions

• Seats were reserved for people belonging to scheduled castes and scheduled tribes and other backward classes in local bodies.

• One-third of the seats are reserved for women.

• State Election Commission was constituted in the states for holding elections in government bodies.

• It was made mandatory for the State Governments to share powers and revenues with local bodies.