Concept of Privatisation :- Privatisation is the transfer of control of ownership from public sector to private sectors. It means the conversion of property rights from the public to private owners. The two elements of Privatisation are as follows : 1. Dereservation of public sectors :- The dereservation of public sectors has enabled the entry of private sectors in those industries which were reserve only for public sectors. This has led to improve customers service & efficiency of the firms. At present, 3 industries has reserved for public sector are Railways, Automic energy, & Specified minirals. 2. Dis-investment of Public sector :- Dis-investment is a process of selling government equity in PSUs (Public Sector Undertaking) to private parties. The disinvestment is undertaken to achieve good customers service, overcome polotical interference, overcome curruption in PSUs, improve efficiency of PSUs. Advantages of Privatisat...