Sponsor Area

Private, Public And Global Enterprises

Question
CBSEENBS11003927

Explain government's policy regarding treatment of sick units.

Solution
  • Public sector units are to be referred to the Board for Industrial and Financial Reconstruction (BIFR) to decide whether a sick unit was to be restructured or closed down.
  • The Government also operates a National Renewal Fund to help the workers of those units which have been recommended by the BIFR to be closed down.