Disinvestment

DISINVESTMENT OF PUBLIC SECTOR UNDERTAKINGS IN INDIA TODAY THE RUSSIAN sparing MODEL OF DEVELOPMENT CONnotED through and through THE RUSSIAN FUR DOES NOT EXIST. TODAY THE CHINESE ECONOMIC MODEL OF DEVELOPMENT CONNOTED THROUGH THE MAO SUIT DOES NOT EXIST. Margaret Thatcher disrobed them. The concept of the GOLDEN corking JACKET is avowed, to whether it were the Democrats or the Republicans, the Conservatives or the Laborites, the BJP or the Congress. The concept of the friendly straight jacket has been embraced by all countries including India. It endeavors to shift the stinting decision making from the regime to the markets. The concept of Disinvestment being its study tenet. The Nehruvian temples of economic growth, better known as the Public orbit Undertakings were born as the outcome of the conscious policy of the government to speed up industrialization of the country with a discern to giving added impetus to economic growth as hale as achieve certain socio-economic goals. These undertakings vizor for ¼ of our GDP. They also account for 1/3 of our exports and have made contributions to import substitution. in any case government undertakings employ more than 70% of the workers employed in the organized area.

These undertakings have helped reduce imbalances in regional education and a few of them have earned reputation for worth at international level. But the picture is not as rosy as it seems, rather the scene in approximately of the PSUs is very chilling. According to figures upto March ?99 losses incurred by 29 PSUs trebled within one year from approx. Rs.1050 crores to Rs. 3600 crores. The major reasons for the non mathematical process of the PSUs can be summarized as: Political Interference, High toll of Delay, Fear of Scams, Headless Plants, Ineffective Management, Huge Inventories, Trade unionism and Unutilized Capacities. A comprehensive policy on public sector was set out in the Industrial Policy affirmation of July 24, 1991 - the year when the... If you want to get a full essay, set it on our website: Orderessay

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