Access to All SSC Exams Courses Buy Now
Home Uncategorized Economics Notes: Industrial Policy for SSC CGL and other Govt. Exam

Economics Notes: Industrial Policy for SSC CGL and other Govt. Exam

| Updated On March 7th, 2020 at 01:38 pm

Economics Notes: Industrial Policy 

Industrial policy resolution 1948:- 
It is considered to be 1st Industrial policy and 1st economic policy.
It decided the model of the economic system i.e. Mixed system. 
Central, state & private Industries were recognized. 

About Course:

"Did you Know? In this pack you will get All new content we launch in the next 1 months"
 

This is the most recommended and NRA-CET ready Pack!
 
Use Code 'DREAM' to avail at best price today

2000 Students are visiting this Product daily! Hurry now! Seats are Filling fast

 

About SSC Maha Pack
If you are preparing for more than 1 SSC exams then this is the pack we recommend you buy.

It is most cost-effective and you get access to 100% digital content for all SSC exams on Adda247.SSC Exams Covered in this Pack

 

SSC Maha Pack Highlights 

  • Structured course content
  • Recorded classes available if you miss any live class
  • Previous Years’ Papers of all upcoming exams.
  • Full Length Mocks based on the latest pattern with detailed solutions (video solutions for certain topics)
  • Topic level knowledge tests
  • Strategy sessions, time management & Preparation tips from the experts
  • Language: English & Hindi Medium

 

Validity: 1 Month

SSC Maha Pack
  1. Unlimited Live Classes & Recorded Video Courses
  2. Unlimited Tests and eBooks
  3. 1 Lakh+ Selections
Validity
  1. 15 Months
  2. 9 Months
  3. 3 Months
  4. 1 Month
3999 266/month
BUY NOW


Industrial policy 1956:- 
Reservation of Industries as schedule A, B, C. 
Licensing, Monopolies, License-Quota Permit regime started. 
Emphasis on small Industries.
Expansion of public sector. 

Industrial policy 1969:- 
It was a new licensing policy which aimed at solving the shortcomings of licensing policy 1956. 
MRTP Act was passed 

Industrial policy statement 1973:-
A new classification was added i.e. core Industries. 
Core industries will also be known as basic industries or infrastructure industries. 
The concept of ‘Joint Sector’ was developed which allowed partnership among the centre, state & the private sector while setting up some Industries. 
FERA was passed in 1973 
Limited permission of foreign investment was given with MNCs being allowed to set up their subsidiaries in the country. 

Industrial policy 1977:- 
Foreign investment in the Unnecessary areas was prohibited.
Emphasis on the village industries. 

New Industrial policy 1991 (NIP 1991):-

A. Factors which necessitated NIP
1. Gulf war which increased the oil prices & decreased remittance. 
2. Inflation during the period was 17% 
3. India had a fiscal deficit of 8.4% of GDP 
4. Forex reserves were depleted 

 B. Features of NIP (1991) 
1. De-reservation of Industries 
2. De-licensing 
3. Abolition of MRTP limit 
4. Promotion of foreign Investment 
5. FERA was replaced by FEMA
6. Compulsion of phased production was abolished 
7. Compulsion to convert loans into shares was abolished  
8. Industries were now classified into polluting & non-polluting & this fact decided the location of industries. 
9. Non-Pollution industries might be set up anywhere polluting industries to be set up at least 25 kilometres away from million cities.  

Disinvestment:
1. It is a process of selling government equities to the investor or other private companies in public sector enterprises. 
2. Disinvestment is a tool of public sector reforms. 
3. It is part of the economic reforms started in mid-1991. It has to be done as a complementary part of the de-reservation of Industries. 
4. Disinvestment is initially motivated by the need to raise resources for the budgetary allocation.  

Types of Disinvestment:- 
(i) Taken Disinvestment (Disinvestment of  5% Equity)
(ii) Strategic Dis-investment

National Investment found:- 
In 2005 the government of India decided to constitute a National investment fund (NIF) 
The proceeds from disinvestment will be channelized into the NIF which to be maintained outside the consolidated fund of India.
NIF are been used in full for funding capital expenditure under the social programme of GOI. 
(i) MGNREGA
(ii) IAY
(ii) RGGVY
(iv) JNNURM
(v) Accelerated Irrigation Benefits programme 
(vi) Accelerated power development reform programme  

Send your SSC CHSL Tier-I response sheet at Contact@bankersadda.com

 
 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

×
Login
OR

FORGOT?

×
Sign Up
OR
Forgot Password
Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Reset Password
Please enter the OTP sent to
/6


×
CHANGE PASSWORD