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What is Tiwari Committee on Industrial Sickness about?

Industrial sickness has been a growing problem in India, particularly for small-scale industries. More than 2 lakh units are considered sick with over Rs. 7,000 crore in outstanding bank credit. The passage discusses the history and progression of industrial sickness in India, from the pre-independence period to the present. It also outlines the objectives and mechanisms of the Sick Industrial Companies Act (SICA) which was enacted to identify, rehabilitate, or close sick industrial units.

Author

Sandeep Kaur Sra

Language

EN