GENERAL KNOWLEDGE

Detailed explanation-1: -The change process in India began in the year 1991-92, with 31 selected PSUs disinvested for Rs. 3, 038 crore. In August 1996, the Disinvestment Commission, chaired by G V Ramakrishna was set up to advice, supervise, monitor and publicize gradual disinvestment of Indian PSUs.

Detailed explanation-2: -The Rangarajan Committee of 1993 was constituted by the government for making recommendations in context with the disinvestment.

Detailed explanation-3: -1999 to 2004 The disinvestment policy of the Vajpayee led NDA Government during 1999-2004 accelerated the disinvestment process in the country.