Which of the following are reforms in the public sector in the new industrial policy in 1991 introduced by the Government of India?

A) Restructure and revive potentially viable PSUs
B) Fully protect the interest of Government
C) Close down PSUs, which cannot be revived
D) Bring down governments equity in all non-strategic PSUs to 26 per cent or lower, if necessary
E) Fully protect the interest of workers.

Choose the correct answer from the options given below:

(A), (C), (D) and (E) only

The correct answer is option 2- (A), (C), (D) and (E) only.

B) Fully protect the interest of Government- This is not an element of reform of Government.

The Government of India had introduced four major reforms in the public sector in its new industrial policy in 1991. The main elements of the Government policy are as follows:

1. Restructure and revive potentially viable PSUs
2. Close down PSUs, which cannot be revived
3. Bring down government equity in all non-strategic PSUs to 26 per cent or lower, if necessary; and
4. Fully protect the interest of workers