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New economic policy
1.
Prepared by :AMBILI
P COMMERCE OPTION ZAINAB MEMORIAL COLLEGE OF TEACHER EDUCATION
2.
INDUSTRIAL POLICY 1991 Announced
on July 24 1991, by Government of India Aim :To correct the distortion and weakness of the industrial structure of the country
3.
4.
Abolished licensing for
most of industries
5.
Examples;
6.
Disinvestment
7.
DISINVESTMENT Government can sell
its equity capital to private sector . Dilution of stake of the government in a public enterprise .
8.
9.
Inflow of foreign
direct investment
10.
Who is control FDI flow ?
11.
12.
FOREIGN INVESTMENT PROMOTION
BOARD National agency of government. To consider and recommend foreign direct investment
13.
Technology agreement with foreign
company
14.
IMPACT
15.
16.
17.
It means liberating
the economy from unnecessary control and regulations . E.g : delicensing
18.
19.
How it different
from others ?
20.
21.
22.
It means ownership
, control and management of public sector unit passing to the private sector .
23.
24.
25.
26.
It means integrating
the economy of the country with world economy . Entire world as a single market . Increasing economic integration
27.
28.
.
29.
30.
Free flow of
capital among nation
31.
32.
33.
34.
Free flow of
labour among different nations
35.
36.
37.
38.
ASSIGNMENT State impact
of industrial policy 1991
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