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Import licensing on almost all intermediate inputs and capital goods was done away with, and the entry restrictions for firms were simplified. The new policy encouraged the entry of private sector firms by ending the public sector monopoly in many sectors and initiating the automatic approval policy for FDI up to 51 per cent. The exchange rate was made flexible and allowed to depreciate as necessary to maintain competitiveness. The rupee was made fully convertible on the current account and partially on the capital account. These reforms had a positive effect on the economy.
Who has been selected as the new Chief Technologist of NASA?
India ranked ____position in the Henley Passport Index released for the first quarter of 2022.
What is the name of India ’ s first Saline Water Lantern?
What did India offer to share with ASEAN partners to promote digital transformation?
What is the primary objective of the Nasha Mukt Bharat Abhiyaan (NMBA)?
What was the theme of National Tourism Day 2024, celebrated annually on January 25th?
Which of the following ministries is the largest claimant for funds through Sovereign Green Bonds (SGBs) for green energy projects in India?
Data Patterns (India) Limited has entered into a licensing and transfer of technology (ToT) agreement with __________ to acquire miniature synthetic ape...
For many rupees, RBI will issue the Sovereign Green Bonds?
At the BCCI Awards 2024 in Hyderabad, who was honored with the Lifetime Achievement Award?