Indian Small Scale Industries Advisory Committee
6 Questions
0 Views

Indian Small Scale Industries Advisory Committee

Created by
@UnrivaledThermodynamics

Questions and Answers

What is the primary purpose of the Advisory Committee formed by the Central Government of India?

To provide expert advice on articles or classes that may be reserved for production by small scale industrial undertakings.

Who are the key members of the Advisory Committee?

Members include the Secretary to the Government of India from various departments such as Small Scale Industries and Commerce, among others.

What factors does the committee consider when making recommendations?

The committee considers economic production, employment levels, entrepreneurship, and prevention of economic power concentration.

How does the Central Government implement the committee's recommendations?

<p>The Central Government can issue a notified order to reserve specific articles for exclusive production by small scale industrial undertakings.</p> Signup and view all the answers

Why is preventing concentration of economic power important according to the committee's objectives?

<p>Preventing concentration of economic power helps protect the interests of smaller enterprises and promotes equitable economic growth.</p> Signup and view all the answers

What role does entrepreneurship play in the committee's recommendations?

<p>Entrepreneurship is considered essential for job creation and driving innovation within small scale industries.</p> Signup and view all the answers

Study Notes

Advisory Committee Formation

  • Established by the Central Government of India to evaluate and recommend articles or classes for small-scale industrial production.
  • Aims to provide expert guidance on production reservations for ancillary and small scale industries.

Committee Composition

  • Includes key officials:
    • Secretary, Ministry of Small Scale Industries and Agro and Rural Industries (Chairman)
    • Secretary, Department of Industrial Policy and Promotion
    • Advisor, Village and Small Industries Division, Planning Commission
    • Secretary, Department of Commerce
    • Additional Secretary, Development Commission, Small Scale Industries (Member Secretary)

Factors Influencing Recommendations

  • Economic viability of article production.
  • Capacity for job creation and employment opportunities.
  • Encouragement of entrepreneurship in small industries.
  • Strategies to prevent monopolization and concentration of economic power, aimed at protecting common interests.

Government Authority

  • The Central Government has the power to issue notified orders designating specific articles for exclusive production by small-scale and ancillary industrial units.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

Description

This quiz focuses on the Advisory Committee established by the Central Government of India to guide small scale industrial undertakings. It covers the roles of key members and their influence on production regulations. Test your knowledge about the committee's structure and objectives.

More Quizzes Like This

Use Quizgecko on...
Browser
Browser