Do you think the navaratna policy of the government helps in improving the performance of public sector undertakings in India? How?

Solution

In 1996, in order to improve efficiency and to infuse professionalism, and enable the public sector undertaking to compete more effectively in the liberalised global environment, the Government chose Nine Public Sector Undertakings (PSUs) and declared them as navaratanas. They were given greater managerial and operational autonomy in taking various decisions to run the company efficiently and thus increase their profits.

The granting of navaratanas status resulted in better performance of these companies.

Gradually, the government has decided to help these Navaratanas in becoming independent so that they can expand themselves in the global markets and raise resources by themselves from financial markets.

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

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Liberalisation, Privatisation And Globalisation : An Appraisal

Do you think the navaratna policy of the government helps in improving the performance of public sector undertakings in India? How?

Some More Questions From Liberalisation, Privatisation And Globalisation : An Appraisal Chapter

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?

What does foreign direct investinent mean?

What does fiscal deficit indicate?

How did the government promote exports before 1991?

When was new economic policy adopted?

What was the level of foreign exchange reserves in 1991?

State the reasons for slow growth of private sector before 1991.

Discuss the industrial policy of 1991. How is it different from earlier policies?

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