Question

What were the steps taken toward privatisation in 1991?

Answer 1

(i)In order to encourage private sector, following measures have been adopted :
The government through its economic policy reduced the number of industries from public sector from 17 to 4.

(ii) It has now been planned to reduce the share of public sector investment to 45%. It increases the share of private sector to 55%.

(iii) Financial corporations cannot insist the industries for conversion of their loans into equity shares.

(iv) It has now been decided to increase the participation of general public and workers and selling them the shares of public enterprises

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