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Disinvestment In India
Disinvestment in India is a policy of the Government of India, wherein the Government liquidates its assets in the Public sector Enterprises partially or fully. The decision to disinvest is mainly to reduce the fiscal burden and bridge the revenue shortfall of the government. The key engine in achieving growth in India during post-independence was played by Public Sector Enterprises (PSE). Among other responsibilities of PSE's post-independence, the social and developmental obligations of the nation were most important, which resulted in these units escaping competitive race. Later on the activities of the PSU's were divergent, concentrating towards more non-core areas like hotels and consumer goods among others. Further, the public enterprises were used as tools for political and bureaucratic manipulation; which was consequential in low capacity utilization, reduced productivity, failure to innovate, and complex decision-making processes on vital issues of development. By the e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of India
The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, consisting of 28 union states and eight union territories. Under the Constitution, there are three primary branches of government: the legislative, the executive and the judiciary, whose powers are vested in a bicameral Parliament, President, aided by the Council of Ministers, and the Supreme Court respectively. Through judicial evolution, the Parliament has lost its sovereignty as its amendments to the Constitution are subject to judicial intervention. Judicial appointments in India are unique in that the executive or legislature have negligible say. Etymology and history The Government of India Act 1833, passed by the British parliament, is the first such act of law with the epithet "Government of India". Basic structure The gover ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Industrial And Financial Reconstruction
The Board for Industrial and Financial Reconstruction (BIFR) was a development finance institution under the ownership of Ministry of Finance, Government of India, part of the Department of Financial Services of the Ministry of Finance. Set up in January 1987 by the Rajiv Gandhi government, its objective was to determine sickness of industrial companies and to assist in reviving those that may be viable and shutting down the others. On 1 December 2016, the Narendra Modi government dissolved BIFR and referred all proceedings to the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) as per provisions of Insolvency and Bankruptcy Code. History The BIFR was established under The Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). The board was set up in January 1987 and became functional as of 15 May 1987. A new industrial policy was tabled in Parliament on 24 July 1991 aiming to maintain growth in productivity and gainful employ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Reforms
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. Howev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization In India
This list of privatizations provides links to notable and/or major privatizations. .. Privatisation by country Argentina * Aerolíneas Argentinas (1990) – former national carrier; renationalized in 2009. * Agua y Energía Eléctrica (1992–95) – national electricity production company; partitioned and sold. * Buenos Aires Underground (1994) – given under concession but still owned by the State. * Empresa Nacional de Correos y Telégrafos (ENCoTel, 1997) – given under concession as Correo Argentino. Re-nationalized in 2003. * ENTel (national telecommunications company, 1990) – partitioned and sold to France Télécom and to Spanish Telefónica. * Fábrica Militar de Aviones (FMA, 1995) – sold to Lockheed Martin. * Ferrocarriles Argentinos (1991–95) – railway lines all over the country (partially re-nationalized). * Gas del Estado (1992) – national gas company partitioned and sold, among others, to the Spanish Gas Natural company Naturgy. * Obras Sanita ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Common Minimum Programme
The Common Minimum Programme is a document outlining the minimum objectives of a coalition government in India. The document has acquired prominence since coalition governments have become the norm in India. The common minimum programme of Congress-led UPA coalition which won the 2004 Indian general election General elections were held in India in four phases between 20 April and 10 May 2004. Over 670 million people were eligible to vote, electing 543 members of the 14th Lok Sabha. Seven states also held assembly elections to elect state governm ..., had a heavy emphasis on tackling the needs of India's poor. Six basic principles for governance by UPA were: *To preserve, protect and promote social harmony and to enforce the law without fear or favour to deal with all obscurantist and fundamentalist elements who seek to disturb social amity and peace. *To ensure that the economy grows at least 7-8% per year in a sustained manner over a decade and more and in a manner that ge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been the purview of state-run agencies. Some examples include revenue collection, law enforcement, water supply, and prison management. Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationaliz ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Democratic Alliance
National Democratic Alliance (NDA) () is a Centre-right politics, centre-right to Right-wing politics, right-wing and Conservatism, conservative Indian big tent political alliance led by the right-wing Bharatiya Janata Party (BJP). It was founded in 1998 and currently controls the government of India as well as the government of 15 States and union territories of India, Indian states, and 1 Union territory, Union Territories. Its first chairman was Prime Minister Atal Bihari Vajpayee. L. K. Advani, the former Deputy Prime Minister of India, Deputy Prime Minister, took over as chairman in 2004 and served until 2014, and Amit Shah has been the chairman since 2014. The coalition ruled from 1998 to 2004. The alliance returned to power in the 2014 Indian general election, 2014 general elections with a combined vote share of 38.5%. Its leader Narendra Modi was sworn in as Prime Minister of India on 26 May 2014. In the 2019 Indian general election, 2019 general election, the alliance ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Union Budget
The Union Budget of India, also referred to as the ''Annual Financial Statement'' in Article 112 of the Constitution of India, is the annual budget of the Republic of India. The Government presents it on the first day of February so that it could be materialised before the beginning of new financial year in April. Until 2016 it was presented on the last working day of February by the Finance Minister in Parliament. The budget division of the department of economic affairs (DEA) in the finance ministry is the nodal body responsible for producing the budget. It is presented by means of the Finance bill and the Appropriation bill has to be passed by Lok Sabha before it can come into effect on 1 April, the start of India's financial year. An interim budget is not the same as a 'Vote on Account'. While a 'Vote on Account' deals only with the expenditure side of the government's budget. An interim budget is a complete set of accounts, including both expenditure and receipts. An interim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Industrial Licensing In India
In India, there are some regulations and restrictions with regard to establishing industries in certain categories. This is done by making it mandatory to obtain licenses before setting up such an industry. List of industries with compulsory licensing Industrial licensing is compulsory for the following industries: # Large and Medium Industries: Items reserved for the Small Scale Sector # All Industries: ## All items of electronic aerospace and defense equipment, whether specifically mentioned or not in this list. ## All items related to the production or use of atomic energy including the carrying out of any process, preparatory or ancillary to such production or use, under the Atomic Energy Act, 1962. Comprehensive list of industry (where industrial licensing is compulsory) #Coal and lignite #Petroleum (other than crude) and its distillation products. #Distillation and brewing of alcoholic drinks # Sugar #Animal fats and oils, partly or wholly hydrogenated # Cigars and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Investments And Public Asset Management
Department may refer to: * Departmentalization, division of a larger organization into parts with specific responsibility Government and military * Department (administrative division), a geographical and administrative division within a country, for example: **Departments of Colombia, a grouping of municipalities **Departments of France, administrative divisions three levels below the national government **Departments of Honduras **Departments of Peru, name given to the subdivisions of Peru until 2002 **Departments of Uruguay *Department (United States Army), corps areas of the U.S. Army prior to World War I *Fire department, a public or private organization that provides emergency firefighting and rescue services *Ministry (government department), a specialized division of a government *Police department, a body empowered by the state to enforce the law *Department (naval) administrative/functional sub-unit of a ship's company. Other uses * ''Department'' (film), a 2012 Bollywoo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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