Скачать или смотреть PROJECT FINANCE LECTURE 56: PRIVATISATION- B.COM CA S3

Privatisation refers to the process of giving greater role to the private sector in nation building process and reducing the role of the public sector. It has resulted in disinvestment which means transfer of interest in the public enterprises to the private sector.
To execute the policy of privatisation, government took the following steps:
 Disinvestment of public sector: it means transfer of public sector enterprise to private sector.
 Setting up of Board of industrial and financial reconstruction (BIFR): this board was setup to revive sick units in public sector enterprises which are not profitable.
 Dilution of stake of the government: in the process of disinvestment, the private sector acquires more than 51% shares. This results in transfer of ownership and management from the government to the private sector.