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Liberalisation, Privatisation And Globalisation : An Appraisal
What are the monetary reforms under the New Economic Policy?
Monetary measures play an important role in the development of a country. Under the new economic policy, several steps have been taken. On the recommendations of Narasimham Committee, following measures have been adopted:
(i) Abolition of direct credit programmes.
(ii) Free determination of interest rate.
(iii) Reconstitution of banking system.
(iv) More freedom to banks.
(v) Improvement in banking system.
(vi) Reduction in liquidity ratio.
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What is privatisation?
What is the meaning of globalisation?
Why did the New Economic Policy emphasize a shift towards private sector?
Why was the rate of growth of private sector industries slow before 1991?
What were the reasons behind incompetence of many Indian products and industries before 1991?
Before 1991 why did India face a serious balance of payment problem?
What was the main objective of delicensing?
Before 1991, MRTP Act inhibited the growth of industries. How?
State the steps taken by the government towards liberalisation under the New Economic Policy.
What is the meaning of disinvestment of Public Sector Units?
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