Answer :

1. Our Prime Minister Pandit Nehru adopted the middle path rather than taking recourse to any extremes. A mixed economy also naturally tends to give priority to the national interest. Long-term development is stressed upon with priority. Thus, India adopted the mixed economy model. Priority was given in this policy to control the influence of heavy industries, industrial families and foreign industries and remove the imbalance in regional development. In this economy, public, private and joint sector are work together.

2. Nationalisation of banks was essential to cover the deficits if they occurred while implementing different schemes. Also the profits of these banks. India should become self-reliant, the government should develop the basic industries, increase the speed of economic development and pay attention to establish a strong economy i.e. 14 major banks in the country were nationalized.

3. The Rashtriya Mill Mazdoor Sangh, which was negotiating with the employers, agreed upon 8 to 17% bonus without taking the workers into confidence. The cut in the bonus proved to be the cause of unrest. Some workers went to Dr. Datta Samant and convenience him to accept leadership after that Workers of 65 mills came together and Dr. Datta Samat led the strike. On 18th January 1982, two and a half lakh workers went on a strike. So mill workers went on strike over 6 months to 1 year.

Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses

Answer the folMHB - History & Political Science

Visit a nationaliMHB - History & Political Science

Complete the follMHB - History & Political Science

Choose right optiMHB - History & Political Science

Identify the wronMHB - History & Political Science

Give reasons.
MHB - History & Political Science

With the help of MHB - History & Political Science

Explain the conceMHB - History & Political Science