Government to release new industrial policy

The Department of Industrial Policy and Promotion (DIPP) under the Commerce and Industry Ministry is going to release a new industrial policy by October 2017. It is expected to replace National Manufacturing Policy (NMP) released in 2011 The new policy ..

Month: Current Affairs - August, 2017

Industrial Growth in India From 1950 to 1991

Form or Structure of Industries, which is existing in a country, is known as Industrial Structure. Nature of Industrial Structure is not static. It is changeable from time to time. Present Structure of Indian Industries is different than earlier. The ..

License Raj, IDA Act and Other Policies Till 1991

Industrial Policy (1956) was reformed several times before the new Industrial policy 1991 was launched. This was a watershed moment for Indian Economy ending the license Raj and ushering India into liberalization, privatisation and globalization. Before we move ahead, it’s ..

Current Industrial Licensing Policy in India

Industrial Licensing was also abolished for all except short list of 18 industries in New Industrial Policy 1991. This number was further pruned to six industries. Currently (2015), only five industries are under compulsory licensing mainly on account of environmental, ..

Critical Analysis of Industrial Policy 1956

The Industrial Policy, 1956 was an elaborate document and was hailed as “Economic Constitution of India” It touched virtually all aspects of Industrial development. It established the public sector as epicentre of industrialization. Further, this policy must be analyzed in ..

Critical Analysis of Industrial Policy 1948

The Industrial Policy 1948 was a sincere depart from the British Era policy of lessez faire [free economy] model followed by British rulers. The British policy was that Government was ill-qualified to advance the industrial development and all such matters ..