Indian Industry General Knowledge

September 14, 2011

Dutt Committee

Dutt Committee: (Submitted Report 1969) The government of India had the reports of the Monopolies Inquiry Commission and Hazari Committee in hand by 1967. Subsequently, one more expert committee

September 14, 2011

Hazari Committee

Hazari Committee: (Submitted Report in 1967) The Monopolies Inquiry Commission also reviewed the various aspects pertaining Industrial Licensing and observed that industrial licensing system enabled big business houses to

September 14, 2011

Monopolies Inquiries Commission

Monopolies Inquiries Commission: (Submitted Report 1965) The Mahalanobis committee recommendation was accepted by the government and under the Commissions of Inquiry Act 1952, a Monopolies Inquiry Commission was established

September 14, 2011

Mahalanobis Committee

Mahalanobis Committee: (report submitted 1964) A series of reforms was initiated in the form of studies by some committees and commissions in the 1960s to tackle the problem of

September 14, 2011

IDA Act and Industrial Licensing

Since India had embarked upon the centrally planned industrialization, the government came out with the Industries (Development & Regulation) Act of 1951. The act had a prelude that the

September 14, 2011

Rise of Public Sector

During the first two five year plans the Industrial production in the country increased by around 40%. Was Government sector responsible for this? Yes but No. The credit goes

September 14, 2011

Industrial Policy Resolution – 1956

The Industrial Policy Resolution was based upon the Mahalanobis Model of growth. This Model suggested that there should be an emphasis on the heavy industries, which can lead the

September 14, 2011

Industrial Policy Resolution 1948

At the time of India’s independence, Industries were grouped into three categories as follows: Government Monopoly: This category included armaments, railways, transport and some other industries. Basic and Strategic

September 14, 2011

Economic Policy: Gandhi v/s Nehru

The policy of the Congress Government led by Nehru was based upon the fact that there must be industrial development at all costs. Nehru wanted a country with Modern