Characteristics of New Economic Policy 1] Abolition of Industrial licensing The ‘license- permit raj’ as well as ‘Subsidy State’was dismantled. The only industries which are now reserved for public sector are, defence equipment, atomic energy generation and railway transport. Industries…
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INDUSTRIAL POLICY AND INDUSTRIAL DEVELOPMENT IN INDIA.(Part-VI)
THE INDUSTRIAL POLICY RESOLUTION OF 1991. The Congress Government led by Mr Narasimha Rao announced the new Industrial Policy Resolution in July 1991. Aims of the Industrial Policy Resolution 1991. a] To unshackle the industrial economy from the cobwebs of…