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Question

The Five-member Disinvestment Commission was setup in _______.

A
1995
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B
1996
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C
1997
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D
1998
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Solution

The correct option is D 1996
The change process in India began in the year 1991-92, with 31 selected PSUs disinvested forRs.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. It submitted 13 reports covering recommendations on privatisation of 57 PSUs.Dr R.H.Patil subsequently took up the chairmanship of this Commission in July 2001.However, the Disinvestment Commission ceased to exist in May 2004.


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