decades have seen a shift towards reduced role for the state and government in all countries. India could have not remained unaffected by these global trends. The nineties saw the replacement of ‘License‚ Quota‚ Permit (LPG) Raj’ by Liberalization‚ Privatization and Globalization (LPG) regime. One natural and inevitable consequence of planned development in India has been the phenomenal growth and extension of public undertakings in varies fields of developmental activities. There was contextual change
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References: ARTICLES: 1. Devesh Kapur and Ravi Ramamurti‚ Privatization in India: The Imperatives and Consequences of Gradualism‚ (Center For Research On Economic Development And Policy Reform‚ 2003‚ Last visited on September 7th‚ 2011). 2. Presentation on Disinvestment‚ as presented by the Union of India at the OECD CONFERENCE on Privatisation‚ Employment and Employees‚ 10-11 OCTOBER 2002‚ Turkey‚ Last visited
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its previous experiences that it is pertinent to take timely decisions and develop suitable modalities for disinvestment rather than let the SPSUs to be shut down. This study based on Altmans’ Z score analysis shows clearly that privatization has not only helped in the turnaround of the company but also has improved the operational efficiency. Keywords: Public Sector Reforms‚ Privatization‚ Strategic Partnership‚ Z Score Analysis‚ Performance appraisal. 1. INTRODUCTION Karnataka state has been
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In a global context‚ Liberalization‚ Privatization and Globalization (LPG policy) are no longer an option but a fact. Whether one likes it or not‚ it is bound to influence all spheres of life and activities. Developing countries like India may have to learn to manage the process far more skillfully and efficiently for the development of the country. In the broad setting of reforms in many countries in the 1980s‚ India was an apparent anomaly. India was at the crossroads. She was facing a macroeconomic
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vital areas for business such as education of workforce‚ health and quality of infrastructure. In Gujarat BJP rules since 18 years‚ and communist party is INC. the major factors effect of political environment. (1) Taxation policy (2) Privatization (3) De-regulation (4) Government policy (5) International policy (2)ECONOMICAL: - It includes rates‚ taxation changes‚ economic growth & exchange rates. Economic change can have major effect on firm’s behavior. For example:
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Lesson 1 BUSINESS AND ITS ENVIRONMENT NATURE OF BUSINESS Business may be understood as the organized efforts of enterprise to supply consumers with goods and services for a profit. Businesses vary in size‚ as measured by the number of employees or by sales volume. But‚ all businesses share the same purpose: to earn profits. The purpose of business goes beyond earning profit. There are: • It is an important institution in society. • Be it for the supply of goods and services • Creation of
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MNCs Superior to Indian Companies? Advertising is a Waste of Resources Privatization will lead to Less Corruption Should India break Diplomatic Ties with Pakistan? Use of Force by Banks to Recover Loans Skilled Manpower Shortage in India Technology Creates Income Disparities In our economic matters‚ there is an excessive tendency towards the thinking rather than doing. Every cloud has a silver lining Is disinvestment really that good for India or is a rethink in order? Are co-operatives
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impact of technology on business 2. Explain the impact of Globalization‚ Privatization & Liberalization on Indian economy. OR What is Multi National Enterprises? Explain their role in India. 3. Explain the importance Small Scale Industries. Explain the problems faced by these industries and give suggestion to remove these problems. OR What is Disinvestment? Explain various challenges to disinvestment programme. 4. Explain all industrial policies of government of India
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OIL AND GAS Researched & Presented By: Glenson Sequeira (41) OIL AND GAS Oil and Gas Industry in India is a 110 billion USD industry (as in March ’2007). The India oil & gas demand ranks it sixth in the world. The oil and gas industry has been instrumental in fuelling the rapid growth of the Indian economy. The petroleum and natural gas sector which includes transportation‚ refining and marketing of petroleum products and gas constitutes over 15 per cent of the GDP. OIL AND GAS INDUSTRY
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“Industrialize or Perish” Industries refer to units that are engaged in the business activity of converting raw materials or semi-finished goods into finished or final goods‚ which are then made available to the final consumers. For any economy to flourish industrialization is very essential. Industries act as major accelerators of economic development in a country. There are many advantages of having a good industrial system functioning in a country. Especially in a developing country like India
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