Beruflich Dokumente
Kultur Dokumente
Savin Shetty Bharat Shetty Prajna Pujari Ankita Shetty Ashwin Shetty Sachin Shetty Lalit Pandey
INTRODUCTION
Introduction
There was a serious fiscal crisis in which fiscal deficit reached the level of 6.6% of GDP.
Internal debts rose to about 50% of GDP with interest payments draining about 39% of total revenue collections of the central government.
GNP growth rate fell to 1.4% from the peak level of 10.5% in 1988-89.
Inflation rate based both on WPI & CPI soared high at 13-14%.
1.5%.
Rupee depreciated by 26.7% vis--vis US dollars. Fall in foreign exchange reserves. Confidence of the international financial institutions was
badly shaken.
In may 1991, the government had to lease 20 tons of gold
out of its stock to the SBI to enable it to sell the gold with repurchase option after 6 months. In addition RBI was allowed to pledge 47 tons of gold to the BOE to raise a loan of $600mn.
negotiate proposals from international firms & expedite clearances of the investment proposals.
Bringing back of gold earlier pledged to the BOE & BOJ.
squeeze.
LIBERALIZATION
Liberalization
DELICENSING FREEDOM FROM LOCATIONAL REQUIREMENTS AND
GOVERNMENT CLEARANCE
PERMISSION TO CORPORATES FOR BUYBACK OF
SHARES
CORPORATISATION OF DEPARTMENTAL
SCALE ENTERPRISES
LIBERALIZATION OF TAX PROVISION FOR SELECTED SECTOR FREEDOM TO BANKS TO ENTER THE
INSURANCE SECTOR
FREEDOM TO TRANSFER LICNSES AND
ASSETS
REMOVAL OF RESTRICTION ON MOVEMENT
Privatization
DIVESTITURE
DENATIONALIZATION
FRANCHISING OF PUBLIC SECTOR SERVICES TO DESIGNATED PRIVATE
SECTOR UNITS
LICENSING OF TECHNOLOGY OF PUBLIC SECTOR UNITS TO PRIVATE ENTERPRISE]
GOVERNMENT WITHDRAWAL
PRIVATIZATION OF MANAGEMENT OPENINING UP OF A NUMBER OF CORE
GLOBALIZATION
Globalization
REDUCTION IN THE SCOPE OF RESTRICTIVE CANALIZED TRADE
INCREASE IN THE LIMIT OF FOREIGN DIRECT INVESTMENT IN A NUMBER OF AREAS PERMISSION TO EXPORTERS TO KEEP
REFORM STRATEGY
Fiscal Strategy
Reduction in fiscal deficit. Reduction in inflation rate. Improve fiscal balance.
Supplementary efforts.
Elimination of losses. Improvement in quality of taxation.
Monetary Strategy
Macro-economic management.
Not be frequently used as a tool. Interest rates reduced.
Repurchase operations.
Growth in productivity.
Withdrawal of power.
AGRICULTURE TRADE
INFRASTRU C-TURE
STRATEGY
TRADE
Liberalize foreign trade.
Minimization of imports. Fixation of tariff. Removal of restrictions. Reduction in import tariff.
AGRICULTURE
Growth rate Agriculture products within the country. CRP(credit relief package)
Increase in import duty. Quality improvement.
INFRASTRUCTURE
TRAI ( telecom regulatory authority of India).
Private sector BOT Golden Quadrilateral project.
BIBLIOGRAPHY
www.google.com
www.wikipedia.com http://business.rediff.com/slide-show/2009/may/25/slide-
show-5-lord-desai-on-recession-and-indian-politics.htm