BUS O1 Environmental Coniert
Ne Edoriomic policy 1991
The New economic policy é on
IMportant landmark in the Clonomic
histey Post independence Trdig THIS
WAS MELE itorted by the wlerst cononwnic
Guisic witnessed by the Country afyer
tmdlependence. The main objective ¢
NEP ic Urtating moe Cor
“mend jn the eonowy,
Economic crisis °
Y Low yoveign exchange
payment Situakon
¥Yy National cebt
The isis was Converted into 0
nities 10 mtyoduce come
Changes im the Context a:
economic policy
[suiow balance %
ppertu
und aimewta
Gpproch to
Byanches e¢ NEP (L1G)
Y Libwalisation: Libevalisation means
making Clonomics fi to entey Mthe
musket aud establish theiy verse in
the Countsy
4) Pyivitisation > Privitisation means
when the Cory! at coonomy 4846 the
18 Shifted FrOM public 10 4 private hewf
3) Globaliserhon: 1+ in teqrate the natione|
ani im.t0 the inter hetional econons)
£5, MEEMS Open Up OW Cronemy with
global economy.
P
fh Measures taken for Libualisation :
Y Libevalisation for ihdushiat NiGensing
4) Freedom to import techno loyy.
3) CONLESGION FIM Monopolies Act
4) Fretclom to Import ef Capitey goods aec{
yaw materials
CAPOrt are] IMPOR tren
5) Libevallsation a
6) Libevatisation I taxation polics
Trevose inthe invent Tina
cy the smatt radustiies a
4 Measuses taken for Privatisation:
Y) @htrvactoh public Sectore
9) Clove SiUK public Seetor industnes
y Sales of Shares Nic Sector
pee eer, eure
or
petitive environ,
+ Measuses actopted for_(plobali setion
) Thorae the foreign investments
% Pastial Conyersibility of Thdion vupee
3) Foreign" 47lte poli
A) Reduction tyari fy,
5) Export promotion
tt Main objectives
VY To pramote Creativity
A) To mevemre the size oF private sector
3) To genevate venue fey the jovernment
A) To Inevease the Nae Ive stents
5) To facilitate pee flow ef Capital
f Repovms o¢ NEP A444
Y Trdusrsiant policy (44)
2) Monitor policy | Finance policy
3) Fiscal policy
A) Trade policy
5) Agricultural policy
4) WK policy
EP -1991
2) Environment Context | HRM Ehvnonmert
Uma Yecousce envisonment 16 4
puto social cnvironmect which inciucec
the CONcere SKINS. productivity , NAHE
ancl behavidur cf LR, eraployces, Clemen{
an Supply, MOnVaHON COPE, Comper
methods and inoliusrial veution cermin
Of HR practices.
Envivonmert Content: inetucles ar
those ; tors which fue yelation sti
With the function o¢ HR department
Those alien ton t celine intivo
COACGOVIES 1: INIHel Factor
nat Howes gma cata ce
T) Internat Facto
y Objective of he fim
9) Organisational srracting
YY) Mamagemurt Contre) oye
4) (ovporate Cuttine
5) Human Resource Manayement-
T) External Factors +
A) Mio tAvivonmeat
) suppliers
ayomers
3) Mowtsetiny inctermediaties
A) Compititors
5) pablic.rT
» Macro Environment : 4
J environment ii i
a ea: environment : ‘ "1
3) Socio — CaLtuse envi ae tints)
Technological Cavironmens f '
» eee apm eav .
eM OFTaphiC environment ty ed i wa
4 Natise( envisonmens. \ og ’ |
[2 Structmel Reqorme: 5, | | | rf fest alas opment
‘Strucesal reforms 16 a nee : {
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