SSC MTS EXAM

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: -In 1996, the Government of India set up a Disinvestment Commission under the Ministry of Industries; the mandate of the commission was to assess the viability and advice the Government on disinvesting various PSE’s through market development and diversifying transfer of ownership of the PSU’s for five-ten years period.

Detailed explanation-3: -Major disinvestment steps were taken in the past by the BJP-led NDA government between 1999 and 2004.