The Industrial Development and Regulation Act of 1951 has certain objectives. Which of the following objective is true?
The Industrial Development and Regulation Act of 1951 has certain objectives. Which of the following objective is true?
The correct option is D Allowing free play of laissez faire policy
The Industries Development and Regulation Act of India (1951) came into force from 8th May 1952 under a notification of the Central Government published in the Gazette of India.
The Act extends to whole of India including the state of Jammu & Kashmir with a view to being under Central and regulation of a number of important industries, the activities of which affect the country as a whole and the development of which must be governed by economic factors of all India importance.
Objectives of the Act:
1.To Implement the Industrial Policy:
2. Regulation and Development of Important Industries
3. Planning and Future Development of New.
4. Allowing free play of laissez faire policy.
Undertakings:
The Act confers on the Central Government power to make rules for the registration of existing undertakings for regulating he production and development of the industries specified in the schedule attached to the Act The Ac a so provided for the constitution of the Central Advisory Council and Development Council.
Allowing free play of laissez faire policy
The Industries Development and Regulation Act of India (1951) came into force from 8th May 1952 under a notification of the Central Government published in the Gazette of India.
The Act extends to whole of India including the state of Jammu & Kashmir with a view to being under Central and regulation of a number of important industries, the activities of which affect the country as a whole and the development of which must be governed by economic factors of all India importance.
Objectives of the Act:
1.To Implement the Industrial Policy:
2. Regulation and Development of Important Industries
3. Planning and Future Development of New.
4. Allowing free play of laissez faire policy.
Undertakings:
The Act confers on the Central Government power to make rules for the registration of existing undertakings for regulating he production and development of the industries specified in the schedule attached to the Act The Ac a so provided for the constitution of the Central Advisory Council and Development Council.
