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In which year did the disinvestment process in Public Sector Enterprises in India start?
1. 2018
2. 2000
3. 1990
4. 1991

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Correct Answer - Option 4 : 1991

The correct answer is 1991.

  • The disinvestment process in Public Sector Enterprises means the dilution of the stakes of the Government in a public enterprise.
  • Privatisation of the public sector enterprises by selling off part of the equity of Public Sector Enterprises to the public is known as disinvestment.
  • The disinvestment process in Public Sector Enterprises in India started in 1991.
  • The main objective of disinvestment is to improve financial discipline and facilitate modernisation.
  • The disinvestment process can be done in two ways:
    • When the Government sells a part of its equity of a public enterprise less than 50% of its total stock.
    • When disinvestment by the Government exceeds 50% so that the majority ownership and therefore control and management of the enterprise is transferred to private enterprise.
  • Every year, the government fixes a target for the disinvestment of Public Sector Enterprises.
  • In 1991-92, it was targeted to mobilise Rs 2500 crore through disinvestment.

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