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PRESENTED BY:

AANCHAL AGGARWAL, RITIKA GANDHI


SUNNY AGGARWAL, SUPRIYA GUPTA
VISHRUTI NANDEL
Economic policy deals with Industrial
Policy, Business Law, Taxation, Banking
Law & Trade Law with all other
concerning economic activity of a country.
NEP was inaugurated by
former PM P.V. Narasimha Rao
under the guidance of
FM Manmohan Singh.
Liberalization of economy means to free it
from direct or physical controls imposed by
the government.

Economic reforms were based on the


assumption that market forces could guide the
economy in a more effective manner than
government control.
According to the provisions of Monopolies and Restrictive
Trade Practices Act all those companies having assets more
than 100 crore were used to be declared MRTP firms and were
subjected to several restrictions.

Now firms are no longer required to obtain prior approval of


the government
Now they are free to expand
More emphasis is laid on checking unfair trade practices to
safeguard interests of consumers
Privatization is the general process of involving
the private sector in the ownership or
operations of a state owned enterprise.
Saleem, Shaikh, Business Environment (2E)
Awasthapa, K. , Essentials of Business Environment
Deweet, K.K., Varma,J.D., Sharma,M.L., Indian Economics(41E)
http://mospi.nic.in/stat_act_t2.htm
http://www.livemint.com/2011/01/26000245/RBI-raises-rates-to-fight-
infl.html
http://www.rbi.org.in/scripts/PublicationsView.aspx?id=12068
www.authorstream.com
business.mapsofindia.com
http://actrav.itcilo.org/actrav-
english/telearn/global/ilo/seura/mains.htm#Compensation costs and
globalization

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