May 2024
Intermediate to advanced
688 pages
51h 31m
English
Content preview from Business Environment, 1st Edition by Pearson
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Part V: Economic Legislations
re-endorsed at the highest level of production actually
achieved by all industrial undertakings including MRTP/
FERA companies in any of the fi nancial years between
1 April, 1988 and 31 March, 1990.
(x) In another measure of liberalization, government freed
dominant undertakings from industrial licensing policy
restrictions applicable under the MRTP Act effective from
30 June, 1988. This decision enabled dominant undertakings
take advantage of relaxation in industrial licensing policy
meant for non-MRTP and non-FERA companies, except in
cases of products in which they were classifi ed dominant.
The 1991 Industrial Policy Takes the Sting
Out of the MRTP Act
The New Industrial Policy announced on 24 July ...
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