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Liberalisation, Privatisation And Globalisation — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsLiberalisation, Privatisation And Globalisation3 Marks
Question
What steps were taken towards privatisation in 1991?
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Answer

Steps taken towards privatisation in 1991 were:
  1. Reduction in number of reserved public sector units from 17 to 4.
  2. Disinvestment in public sector undertakings by selling the shares of PSUs into private hands.
  3. Increase in the share of private sector in total investment.
  4. Corporatisation of a public department with some operational and managerial autonomy.

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