Q.5. Who are the Navratna Companies of India.
Related Questions -
Q. Describe the Navratana Companies of India. (AKTU. 2009 - 10)
Q. Describe the Navrantna companies of India. (AKTU. 2010 - 11)
Ans. ‘Navratna Central Public Sector Enterprises of India are
1. Bharat Electronics Limited
2. Bharat Heavy Electricals Limited
3. Bharat Petroleum Corporation Limited
4. Coal India Limited
5. GAIL (India) Limited
6. Hindustan Aeronautics Limiteda
7. Hindustan Petroleum Corporation Limited
8. Indian Oil Corporation Limited
9. Mahanagar Telephone Nigam Limited
11.National Aluminium Company Limited
11. NMDC Limited
12. NTPC Limited
13. Oil & Natural Gas Corporation Limited
14. Power Finance Corporation Limited
15. Power Grid Corporation of India Limited
16. Rural Electrification Corporation Limited
17. Shipping Corporation of India Limited
18. Steel Authority of India Limited.
Q.6. Write a short note on the role of industrialization in country economic development.
Ans. Industrialisation plays a very significant role in country’s economic development. In most of the contemporary advanced countries, the development of industry has led to higher incomes and economic growth. The role of industrialisation in economic development can be stated in the following few points:
(i) lndustrialisation is the basis of raising income levels of the people.
(ii) It is a means of promoting rapid economic development.
(iii) It helps in absorbing rural surplus labour.
(iv) It is necessary for building up strong export sector.
(v) It helps agricultural growth in the country.s
(vi) It strengthens infrastructure.
(vii) It leads to modernisation of the economy.
(viii) It offers wide choices to the consumers.
(ix) It is necessary to ensure national security.
(x) It ensures security against foreign dominance and dependence.
Q.7. Briefly describe the industrial policy resolution - 1956. (AKTU. 2011 - 12)
Related Questions -
Q. Describe salient features of Indian Factories Act 1948. (AKTU. 2010 - 11)
Ans. Industrial policy Resolution - 1956: -
1. The Government of India set out in their Resolution dated the 6th April, 1948, the policy which they proposed to pursue in the industrial field. The Resolution emphasised the importance to the economy of securing a continuous increase in production and its equitable distribution, and pointed out that the State must play of progressively active role in the development of industries. It laid down that besides arms and ammunition, atomic energy and railway transport, which would be the monopoly of the Central Government, the State would be exclusively responsible for the establishment of new undertakings in six basic industries except where, in the national interest, the State itself found it necessary to secure the cooperation of private enterprise. The rest of the industrial field was left open to private enterprise though it was made clear that the State would also progressively participate in this field.
2. Eight years have passed since this declaration on Industrial policy. These eight years have witnessed many important changes and developments in India. The Constitution of India has been enacted, guaranteeing certain Fundamental Rights and enunciating Directive Principles of State Policy. Planning has proceeded on an organised basis, and the first Five Year Plan has recently been completed. Parliament has accepted the socialist pattern of society as the objective of social and economic policy. These important developments necessitate a fresh statement of industrial policy, more particularly as the second Five Year Plan will soon be placed before the country. This policy must be governed by the principles laid down in the Constitution, the objective of socialism, and the experience gained during these years.
