Disinvestment is the sale of government equity in public sector undertakings (PSUs). Privatisation implies a transfer of ownership and control. The Abid Hussain Committee's recommendations aimed to liberalize the SSI sector and integrate it better with the larger economy.
Consider the following statements : 1. Privatisation of public sector units occurs when government sells 5% of its shares. 2. Abid Hussain Committee recommended the abolition of reservation of items of small scale sector in industry. Which of the following statements given above is/are correct?
Asked in GPSC Prelims CSP 2 2023 · Topic: Nature of Indian Economy (Evolution from Planned to Market-Oriented Economy)
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