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Liberalisation, Privatisation And Globalisation : An Appraisal
What was the main objective of delicensing?
Abolition of system of industrial licensing and controls.
Before 1991, MRTP Act inhibited the growth of industries. How?
Under the MRTP Act, no company was allowed to increase its investment beyond 100 crores or set up a new unit.
State the steps taken by the government towards liberalisation under the New Economic Policy.
Delicensing of industries and amendment in MRTP Act.
What is the meaning of disinvestment of Public Sector Units?
Sale of part of government shareholding in public sector undertakings to financial institutions, mutual funds and general public.