Ipr 1956. Industrial Policy Resolution of 1956 2019-01-07
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History of IPR
To build on the gains already made, To Correct the distortions or weaknesses that may have crept in To Maintain a sustained growth in productivity and gainful employment; and To Attain international competitiveness. Browse by Genre Available eBooks. Ethics Statement The duty of professionals engaged in research, measurement, and evaluation for public relations is to advance the highest ethical standards and ideals for research. Further, India could not combat unemployment, rural-urban divide, imbalance growth and other problems. In order to improve competition, and thus contain the distortions caused by monopoly power, the Competition Act, 2002, was passed in December 2002. It provided more powers to the governmental machinery.
Credit Guarantee cover was provided against an aggregate credit of Rs. Public units can be a good source of revenue if efficiently managed. Zoning and follow land use regulations as well as environmental legislations. . Setting up industries in certain locations considered ecologically fragile eg Aravalli Range, coastal areas, Doon valley, Dahanu, etc. This includes setting up of technical staff cells in the public sector and to organize apprenticeship schemes on a large scale.
Main Features of Industrial Policy Resolution of 1956
This will be strictly to the subject of control and regulation of the State Development and Regulation Act 1951 and other relevant legislations. These industries that were left to the private sector, the government owns an indirect control by the way of license. Reservation of items and marketing support for small industries was to continue. . . They are also permitted to invest up to 100% equity on non-repatriation basis in all activities except for a small negative list. This fact has been confirmed in all the Five-Year Plans of India.
The extension of rural electrification, and the availability of power at prices, which the workers can afford, will also be of considerable help. However, states were not given monopoly over these industries. The government suggested following the directions of Industrial Policy of 1948. This was advent of License Raj in India. But, if past experience is any guide we can say that private industrialists will not rise to the occasion since our industrialists, over time, have learnt the habit of growing under the protected environment. Priority was accorded to small and tiny units in allocation of indigenous and raw materials.
Non-polluting enterprises like electronics, computer software and printing can be located within 25 kms of the periphery of cities with more than one million population. It stated that the Government would continue pursuing a policy of supporting such industries through tax concessions and subsidies. Regional disparities in industrialisation should be reduced. This policy statement focused on the need for promoting competition in domestic market, technological up gradation and modernization Sangram Keshari Mohanty, 2005. It is a well-known fact that some regions in our country are quite developed industrially, like Maharashtra and Gujarat, while others are marked as industrially backward regions, like Bihar and Orissa. This policy emphasized on the need of modernization and technology up gradation to meet the objectives of employment generation and dispersal of industry in rural areas, and to enhance the contribution of small scale industries to exports. This situation led to a transformed emphasis on industrial policy.
In addition, such units were given certain concessions such as tax benefits and electricity at a lower tariff. They were arms and ammunition, atomic energy, iron and steel, heavy casting, heavy machinery, heavy electrical industries, coal, iron ore, mineral oils, minerals like copper, iron and zinc, aircrafts, air and railway transport, generation and distribution of electric energy, telephone, telegraph and wireless equipment, shipbuilding etc. The new policy is definitely a step towards privatisation of Indian industries. No new industry was allowed unless a license was obtained from the government. .
In any case, the government thinks that the big bourgeoisie or private capital and foreign capital are no longer deadly in Indian business world. The code sets standards in personal conduct, integrity and confidentiality. In a departure from the present locational policy for industries, the policy provides that in locations other than cities of population of more than one million, there will be no requirement for obtaining industrial approvals except for industries subject to compulsory licensing. Hence, even if the requirement of the locational policy stated above is fulfilled, if the local zoning and land use regulations of a State Government, or the regulations of the Ministry of Environment do not permit setting up of an industry at a location, the entrepreneur would be required to abide by that decision. It excludes macroeconomic policies affecting industry, but it may be viewed as supporting macroeconomic policy by improving the performance of an important part of the supply side of the economy as a whole. This was done to counter regional disparities that existed in the country. Our Vision Better public relations through excellence in research, measurement, and evaluation.
Why and how was private sector regulated under the IPR 1956?
There are several important departures in the latest policy. This act empowered the Government of India to regulate the pattern of Industrial development through licensing. . Ashwani Kumar Ritika Limited v. Chartered Institute of Public Relations.
All other proposals will need specific approval under the general procedures in force. It did not undermine the private investment but expected that private investment would kick-start if public sector achieves a breakthrough in the development of infrastructure. The parliament had also acknowledged 'the socialist pattern of society' as the basic objective of social and economic policy during this period. Commission membership consists of more than two dozen research thought leaders with representation from corporations and non-profits, public relations firms, research providers and university faculties. . It laid down three categories of industries which were more sharply defined.
Again, by building up large industrial houses under the umbrella of the current policy, it is feared that the interests of the consumers are unlikely to be served. . In view of the current difficult foreign exchange situation, this scheme will come into force from April, 1992. By 1998 it awarded 5,000 certificates and 3,000 diplomas. As to the small sector, the resolution envisaged: i Increase in investment ceilings from Rs.
