Page 296 - DECO502_INDIAN_ECONOMIC_POLICY_HINDI

Hkkjrh; vkfFkZd uhfr

uksV okf.kfT;d izfrHkwfr;ksa dks nks Hkkxksa esa ckaVk tkrk gSμ
1- va'k izfrHkwfr;k¡ 2- ½.k izfrHkwfr;k¡
va'k izfrHkwfr osQ Øsrk dks tkjhdrkZ laLFkk LokfeRoeaMy esa va'k@fgLlk izkIr gksrk gSA tcfd ½.k izfrHkwfr osQ
fuos'kd dks tkjh drkZ ls ,d fuf'pr ykHk osQ izfr'kr dk vk'oklu feyrk gSA
tkjhdrkZ laLFkk μ ½.kh

fuos'kd μ ½.knkrk
va'k izfrHkwfr;k¡ nks izdkj dh gksrh gSaμ
1- vf/eku va'k
vf/eku va'k/kjh dks dEiuh osQ ok£"kd ykHk esa izkFkfed vf/dkj rFkk oaQiuh osQ ?kkVs esa tkus ij iawth okilh
esa ojh;rk izkIr gksrh gS] ijarq cksMZ vkiQ MkbjsDVj dk pquko u rks yM+ ldrk gS vkSj u gh blesa ernku dj
ldrk gSA
2- bfDoVh va'k

lkekU;r% bls 'ks;j dgrs gSaA bfDoVh 'ks;j /kjd dks dEiuh osQ ok£"kd ykHk esa vof'k"V vf/dkj izkIr gksrk gS
bUgsa dEiuh esa tksf[ke djuk iM+rk gSA 'ks;j /kjd cksMZ vkWiQ MkbjsDVj cu ldrs gSa vkSj blosQ pquko esa ernku
Hkh dj ldrs gSaA ;gh dEiuh osQ okLrfod Lokeh gksrs gSaA
cksul 'ks;j

va'k/kfj;ksa dks ykHkka'k udn u nsdj mlh ewY; dk va'k ns fn;k tk, rks bls cksul 'ks;j dgrs gSaA

jkbZV b';w 'ks;j (Right Issue Share)
dk;Zjr dEifu;k¡ {kerk foLrkj gsrq vius iqjkus 'ks;j /kjdksa dks vfrfjDr 'ks;j cspus dh is'kd'k djrh gS rks
bls jkbZV b';w 'ks;j dgrs gSaA
bUgsa jkbZV b';w 'ks;j blfy, dgk tkrk gS] D;ksafd bUgsa [kjhnus dk lcls igyk ^jkbZV* ;k vf/dkj dEiuh osQ
iqjkus 'ks;j gksYMjksa dks fn;k tkrk gSA ftls 'ks;j gksYMj osQ ikl ftrus 'ks;j gksrs gSa] mlh osQ fglkc ls mls jkbZV
b';w 'ks;j csps tkrs gSaA

izsiQjsUl (Preference) vkSj bfDoVh (Equity) 'ks;j

dbZ ckj equkiQk u gksus ij dEiuh izsiQjsUl 'ks;jgksYMjksa dks ykHkka'k ugha ns ikrhA ,sls gkykr ls cpus osQ fy,
dEifu;k¡ D;qeqysfVo izsiQjsUl 'ks;j tkjh djrh gSaA bu 'ks;jksa ij cdk;k ykHkka'k [kRe gksus dh ctk; bdV~Bk gksrk
jgrk gS] vkSj tc dEiuh osQ ikl iSls gksrs gSa] rks fiNyk lkjk cdk;k ykHkka'k pqdk fn;k tkrk gSA tc rd bfDoVh
'ks;j ij dksbZ ykHkka'k ugha fn;k tkrk gSA vr% izsiQjsUl 'ks;j gksYMjksa dks dEiuh osQ ?kkVs ;k equkisQ dh ijokg fd;s
fcuk vius r; ykHkka'k dk ges'kk ykHk feyrk jgrk gSA
tc rd dEiuh pyrh jgrh gS rc rd 'ks;j gksYMjksa dks mudk 'ks;j oSQfiVy okfil ugha fd;k tkrkA ;g fu;e
osQoy , Js.kh osQ 'ks;jksa ij ykxw ugha gksrkμ¶fjMhescy izsiQjsUl 'ks;j¸A bu 'ks;jksa dk ewy/u ,d r; vof/ iwjh
gksus ij 'ks;j gksYMj dks pqdk fn;k tkrk gSA
nwljh vksj bfDoVh 'ks;jksa ij r; ykHkka'k dh xkjaVh ugha gksrhA bfDoVh 'ks;jgksYMjksa dks dEiuh dk ekfyd ekuk
tkrk gSA vr% lHkh ysunkjksa vkSj izsiQjsUl 'ks;jgksYMjksa dh cdk;k jkf'k pqdkus ij dEiuh osQ ikl tks equkiQk vkSj
,df=kr jkf'k cprh gS] osQoy mlh ij gh bfDoVh 'ks;j gksYMjksa dk vf/dkj curk gSA
vkerkSj ij bfDoVh 'ks;j gksYMj dEiuh osQ oqQy 'ks;j gksYMjksa dk ,d cM+k fgLlk gksrs gSaA os dEiuh osQ lHkh

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