What do you mean by liberalisation?
Liberalization denotes bureaucratic simplification, delicensing, privatisation and autonomy. Liberalization involves freeing prices, trade and entry from state controls. Liberalisation means all the things that liberal politicians are opposed to.
Liberalisation is to relax regulations on social or economic policies (usually economic). Privatisation is the process of transferring a public sector industry over to the private sector. Globalisation is the unification of the global markets by relaxing protectionist trade policies and integrating markets.
Liberalisation of trade and investment policies has helped the globalisation process by making foreign trade and investment easier. Earlier, several developing countries had placed barriers and restrictions on imports and investments from abroad to protect domestic production. However, to improve the quality of domestic goods, these countries have removed the barriers. Thus, liberalisation has led to a further spread of globalisation because now businesses are allowed to make their own decisions on imports and exports…
Liberalization is a political trend in which classical liberal policies are adopted, such policies are privatization of public industries. Conservatives and American Libertarians tend to support Economic Liberalization, while Modern Liberals tend to support the opposite: Nationalization of industries.
it was adopted by the government of India in 1991 ,in which they removed the entry barriers,areas reserved exclusively for public,rationalisation ofapproach towards monoplastic and restrictive practices,liberalisation of foreign ivestment policy and import policy,remove of rigional imbalance and encouragement given to the growth industrial sectors which provide intensive employment. this helps in faster industrial and agriculture growth and decentralisation of industries and agriculture.
Why did RBI have to change its role from controller to facilitator of financial sector in India during 1991?
Trade reforms, even if beneficial for a country overall, may negatively affect some industries or some jobs and many commentators worry about negative effects on the environment. The solution to these problems is not to restrict trade. They should be tackled directly at source through labour, education and environmental policies.
The Diffence between the MRTP Act 1969 and The Competition Act 2002 is as follows - The MRTP Act was enacted in the Pre Liberalisation era whereas the Competition Act is enacted in the Post Liberalisation era; The Object of the old Act was to prevent the economic concentration in one Common detriment, curbing unfair trade practices, ane to check monopolistic activities, on the other hand the object of the new Act is to promote…
James Foreman-Peck has written: 'The natural monopoly issue in the liberalisation of the British telecommunications network' '\\' -- subject(s): Automobiles, Technological innovations, Motors, Technology and civilization, History 'Smith & Nephew in the health care industry' -- subject(s): History, Pharmacy, Smith & Nephew Medical
Merits: freedom, democracy and utilising power of free press etc. etc. Demerits: using the term <liberalisation> many may use it as missusing, flooding the information space with less valuable or unvaluable information, taking chance with <yellow press> and could be provocative, attacking which might lead to arbitration.
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of the RBI's liberalisation of the Indian Banking Industry in 1994. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial…