CURRENT AFFAIRS

Detailed explanation-1: -De-Licensing is used for electronics and vehicles.

Detailed explanation-2: -The biggest and the most silent reform of 1991 was industrial delicensing. This was supposed to unleash entry of new firms and businesses across the industrial landscape of India. The Industries Minister who heralded this remarkable reform in a low-key midday press conference on July 24 was the Prime Minister of India.

Detailed explanation-3: -Further, industrial or arms license is not required for the manufacturer of any parts or accessories in the defense sector – unless they are specifically listed for procuring licenses from the DPIIT.

Detailed explanation-4: -The industries requiring compulsory licensing are: Distillation and brewing of alcoholic drinks. Cigars and cigarettes of tobacco and manufactured tobacco substitutes. Aerospace and defense equipment.

Detailed explanation-5: -Industries subject to compulsory licensing in India Electronics and aerospace and defence equipment. Cigars, cigarettes of tobacco and manufactured tobacco substitutes. Industrial explosives including detonating fuses, safety fuses, gun powder, nitrocellulose and matches.