When did disinvestment in public sector industries begin?
Answers
Answer:
The change process in India began in the year 1991-92, with 31 selected PSUs disinvested for Rs. 3,038 crore. In August 1996, the Disinvestment Commission, chaired by G V Ramakrishna was set up to advice, supervise, monitor and publicize gradual disinvestment of Indian PSUs.
Answer:
Answer :
The change process in India began in the year 1991-92, with 31 selected PSUs disinvested for Rs. 3,038 crore. In August 1996, the Disinvestment Commission, chaired by G V Ramakrishna was set up to advice, supervise, monitor and publicize gradual disinvestment of Indian PSUs.
Question :
When was the disinvestment policy adopted in India?
Answer :
Allowing the private sector to pump capital into these ailing PSUs would, of course, go some way in turning around these entities even as it provides the government with funds to bankroll welfare programs. Hence, the process of disinvestment in India was started in the year 1992.
Question :
What are the reasons of disinvestment in public sector enterprises?
Answer :
The following main objectives of disinvestment were outlined:
- To reduce the financial burden on the Government.
- To improve public finances.
- To introduce, competition and market discipline.
- To fund growth.
- To encourage wider share of ownership.
- To depoliticise non-essential services