Globalization is a factor responsible for both repression and the social boom. What happens when there is a growing integration of economies across the globe? Majorly there have been positive impacts of this global phenomenon - through liberalization‚ privatization and globalization (LPG). Due to globalization‚ there has been significant flow of inward foreign direct investment. MNCs are getting a chance to explore various different markets across economies and explore the untapped potential. IMPACT OF
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Industrial Policy‚ 1991 INTRODUCTION The industrial policies pursued till 1990 enabled India to develop a vast and diversified industrial structure. India attained self–sufficiency in a wide range of consumer goods. But the industrial growth was not rapid enough to generate sufficient employment‚ to reduce regional disparities and to alleviate poverty. It was felt that government controls and regulations had put shackles on the growth of different segments of Indian Industry. Lack of adequate
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foreign exchange left and the nation was knocking on the doors of bankruptcy. IMF bailed India out and advised it to come up with economic reforms. As a result‚ India opened up its market with policies which came to b known as Liberalization‚ Privatization and Globalization (LPG) reforms‚ whereby the regulations on private players were reduced‚ MNCs were allowed to set up businesses in India and PSUs were disinvested. The impact of these reforms may be gauged from the fact that total foreign investment (including foreign
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Business Environment CHAPTER – 3 BUSINESS ENVIRONMENT MEANING Business environment can be defined as "the forces‚ factors and institutions with which the businessman has to deal with to achieve its objectives". In general words we can say business environment is the surroundings in which business exists. Whenever any businessman is operating or working then he has to interact with the customers‚ suppliers and he has to perform the transactions within the rules and regulations of the government
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Financial‚ Health sector and many others. It was only after the LPG policy i.e. Liberalization‚ Privatization and Globalization launched by the then Finance Minister Man Mohan Singh that India saw its development in various sectors. Advent of New Economic Policy After suffering a huge financial and economic crisis Dr. Man Mohan Singh brought a new policy which is known as Liberalization‚ Privatization and Globalization Policy (LPG Policy) also known as New Economic Policy‚ 1991 as it was a measure
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History of Trade Union Movement in India Trade Unions are the groups ‚ set-up with the aim of trying to create fairness and job security in a workplace. Section 2(h) of the Trade Union Act‚ 1926 has defined a trade union as: “Any combination‚ whether temporary or permanent‚ former primarily for the purpose of regulating the relation between workman and workmen or between employers‚ or for imposing restrictive conditions on the conduct of any trade or business‚ and includes any federation of two
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Case Study : Air India crashes into troubles - Presentation Transcript 1. Air India Crisis – The National Air Carrier on a FreeFall 21st June 2011 2. How it started Air India (Hindi: एअरइंडिया) is a state-owned flag carrier‚ the oldest and the largest airline of India. It is a part ofthe Indian government-owned Air India Limited (AIL) which is renamed as Air India Ltd. The airline operates a fleet of Airbus and Boeing aircraft serving Asia‚ Australia‚ Europe and North America. Its corporate office
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Disinvestment of a company basically means the action of an organization or government selling or liquidating an asset or subsidiary. It is also known as “divestiture“. It may also be a reduction in capital expenditure‚ or the decision of a company not to replenish depleted capital goods. Thus Disinvestment refers to the sale or liquidation of an asset or subsidiary of an organization or equity and bond capital by the government to the private sector. It also implies the sale of government’s loan
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PREFACE Liberalization in India started during 1991-92.Before this period of time the country did not experienced any big economic crisis. But the year 1991-92 turned out to be exceptionally difficult for the country ’s economy. The country was facing serious problems of foreign exchange and was on the brink of default. The inflation rate rose to it ’s peak at 16.7% in August 1991.Growth of real GDP (Gross Domestic Product) decelerated sharply. The Government which took the office in June
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Chapter 1 Introduction Bangladesh is a developing country‚ and the present government is striving relentlessly to attain rapid economic development in the country. Many programs taken so far have been carried out successfully. Despite a lack of resources faced by the government‚ development programs in the key sectors have continued. At the same time‚ considering the importance of the private sector‚ an all-out support is being provided to initiatives taken
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