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Industry and infrastructure (in Hindi)
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Chapter 9

Aartee Mishra is teaching live on Unacademy Plus

Aartee Mishra
Delhi University Topper Post Graduation in History YouTube & Telegram Channel - Rank secure. Successfully Taught 40 GS Batches/ Motivator

U
Unacademy user
sir 4×4 ka determinant nikalne ka koi short cart video banaiye.
Mam, Mining Industry is included in Private sector, isn'nt????
why railway not dereserve
  1. Comprehensive course of Art and Culture with Brief Indian History Comprehensively cover entire Art and Culture with Brief History Aartee Mishra of India Course Starting 18th June, 11am-12pm Unacademy Plus Elaborately explain topics V24 detailed lessons covering all the essential topics related to from History UPSC Civil Services Prelims and Mains Examination Art and Culture with Brief History from NCERT books Medieval History, Art & Culture from Tamil Nadu History book on #At the end of the program adept and able to solve the exam based test papers


  2. Daily Lecture Series ingh's A brief summarof i ndian EConomy Industry and tafastructure-A unacademy By Aartee Mishra st


  3. /am Aartee Mishra Graduated from Delhi University, Topper in all my semesters, Pursuing P.G and preparing for CSE. 2 Years of teaching experience of General Studies for competitive examination Have been teaching on Unacademy Plus


  4. NEW INDUSTRIAL POLICY, 1991 India was faced with severe balance of payment crisis by June 1991 Basically, in early 1990s, there were inter-connected set of events, which were growing unfavourable for the Indian economy: Due to the Gulf War (1990-91), the higher oil prices were fastly23 depleting India's foreign reserves Sharp decline in the private remittances from the overseas Indian workers in the wake of the Gulf War, specially from the Gulf region Inflation peaking at nearly 17 per cent.25 The gross fiscal deficit of the Central Government reaching 8.4 per cent of the GDP By the month of June 1991, India's foreign exchange had declined to just two weeks of import coverage


  5. NEW INDUSTRIAL POLICY, 1991 India's near miss with a serious balance of payments crisis was the proximate cause that started India's market liberalisation measures ir 1991 followed by a gradualist approach As the reforms were induced by the crisis of the BoP, the initial phase focused on macroeconomic stabilization while the reforms of industrial policy, trade and exchange rate policies, foreign investment policy financial and tax reforms as well as public sector reforms did also follow soon The financial support India recieved from the IMF to fight out the BoP crisis of 1990-91 were having a tag of conditions to be fulfilled by India These IMF conditionalities required the Indian economy to go for a structural re-adjustment


  6. De-reservation of the Industries The industries which were reserved for the Central Government by the IPR, 1956, were cut down to only eight. In coming years many other industries were also opened for private sector investment At present there are only two industries which are fully or partially reserved for the Central Government Atomic energy and nuclear research and other related activities, i.e., mining, use management, fuel fabrication, export-import, waste management, etc., of radioactive minerals (none of the nuclear powers in the world have allowed entry of private sector players in these activities, thus no such attempts look logical in India, too) Railways (many of the functions related to the railways have been allowed private entry, but still the private sector cannot enter the sector as a full- fledged railway service provider).


  7. De-licencing of the Industries The number of industries put under the compulsory provision of licencing (belonging to Schedules B and C as per the lPR, 1956) were cut down to only 18. Reforms regarding the area were further followed and presently there are only five industries30 which carry the burden of compulsory licencing: Aero space and defence related electronics Gun powder, industrial explosives and detonating fuse Dangerous chemicals Tobacco, cigarette and related products Alcoholic drinks


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