Question

Write about privatisation in India.

Answer 1

Answer:

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Explanation:

- (1) Notwithstanding anything contained in the Indian Penal Code (45 of 1860) , if any person commits sati, whoever abets the commission of such sati, either directly or indirectly, shall be punishable with death or imprisonment for life and shall also be liable to fine.

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Answer 2

Definition: The transfer of ownership, property or business from the government to the private sector is termed privatization. The government to be the owner of the entity or business.

Description: Privatization is considered to bring more efficiency and objectivity to the company, something that a government company is not concerned about. India went for privatization in the historic reforms of 1991, also known as 'New Economic Policy or LPG

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