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Nirmala Sitharaman stated that there is a need for a coherent policy where all sectors are open to private sector participation while PSU's play an important role in defined areas. [11] Since financial year 1991-92 to 2017-18 the Government of India sold public assets totalling ₹3,47,439 Crore.
India's interest in space travel began in the early 1960s, when scientists launched a Nike-Apache rocket from TERLS, Kerala. [6] [7] The Indian National Committee for Space Research was subsequently set up, which later became the Indian Space Research Organisation (ISRO) [11] functioning under a new independent Department of Space (DoS) in the 1970s under the Prime Minister of India.
IN–SPACe will act as a link between the ISRO and private sector companies, assessing "how best to utilise India’s space resources and increase space-based activities." [4] The centre will evaluate demands of private sector companies—including educational institutes—and will find ways to attune their demands, in consultation with ISRO. [4]
In an article for The Independent, the former Labour leader accused Starmer of “betraying” the NHS by expanding the private sector’s role, a move he warns will “hollow out” the public ...
India’s economy is currently worth nearly $3.5 trillion, making it the world’s fifth largest. China’s economy, the world’s second largest, is bigger by almost $15 trillion.
The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money, i.e. operate by capitalist standards. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. [1]
The public–private partnership (PPP or 3P) is a commercial legal relationship defined by the Government of India in 2011 [1] as "an arrangement between a statutory / government owned entity on one side and a private sector entity on the other, for the provision of public assets and/or public services, through investments being made and/or ...
The economic liberalisation in India refers to the series of policy changes aimed at opening up the country's economy to the world, with the objective of making it more market-oriented and consumption-driven. The goal was to expand the role of private and foreign investment, which was seen as a means of achieving economic growth and development.