Liberalisation of the economy, Microeconomics

Assignment Help:

Liberalisation of the Economy:

Removal of Industrial Licensing: All industrial licensing was abolished but for a shortlist of 18 industries related to security and strategic concerns, social reasons, hazardous chemicals and over-riding environmental reasons and items of elitist consumption industries reserved for the small scale sector which were to continue under the reservation list. Subsequently, all industries except for a small group of five industries, industrial licensing requirements have been done away with. 

Dereservation of SSI Items: Although initially the Government decided to continue reservation of items under the SSI sector, but later, it gradually withdrew reservation in several SSI items every year. For instance, in 2003-04 budget, the Union Finance Minister announced dereservation of 75 items of laboratory chemicals, leather and leather products, plastic products, chemicals and chemical products and paper products. During 2005-06 budget, the Finance Minister announced dereservation of 108 items from the SSI list, out which 30 items belonged to the category of "textile products, including hosiery". Earlier the Government had announced dereservation of ready-made garments. In other words, even the small-scale industry (SSI) has been forced to face both domestic and international competition.

 


Related Discussions:- Liberalisation of the economy

Explain content of factor markets and distribution of income, Explain about...

Explain about the content of factor markets and the distribution of income. Content of factor markets and the distribution of income: a. Factor distribution of income b.

Determine household production from the national accounts, What have been s...

What have been some justifications given for the historical exclusion of household production from the national accounts? Some reasons have included: a. households are not p

International trade, discuss the methods used by the malaysian government t...

discuss the methods used by the malaysian government to slow down import growth.

Canalisation, State trading is often associated with canalisation. Canalisa...

State trading is often associated with canalisation. Canalisation means estaolishment of state monomply in foreign trade. In other words, an item that is canalised can be imported

Hi, I have an assignment need to be done

I have an assignment need to be done

Explain the roles of economics theory, Explain the roles of economics theor...

Explain the roles of economics theory. Roles of Economic Theory An economic theory has three probable roles: a. This can be used to describe economic behavior and economi

Consumer surplus, Two consumers John and grayson like to transfer songs to ...

Two consumers John and grayson like to transfer songs to their phones from jose phone the table represents their willingness to pay and jose willingness to accept for each download

Market supply of labour, use a graphical illustration to describe briefly w...

use a graphical illustration to describe briefly what the influence of each of the following be on the market supply of labour,(a) an increase in immigrants, (b) a reduction in wag

Depreciation tax shield, Depreciation T ax Shield The decr...

Depreciation T ax Shield The decrease in corporate income taxes suitable to the deductibility of depreciation from the firm's taxable earnings.  Although depreciat

Taxes, Hotel rooms go for $100/room and sell 1000/day; if taxed at $10/room...

Hotel rooms go for $100/room and sell 1000/day; if taxed at $10/room and rate goes to $108 and 900 rooms are sold, what''s the tax revenue and dead weight loss?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd