In December 1991, which act was amended to bring public enterprises under the jurisdiction of the Board for Industrial and Financial Reconstruction (BIFR) as part of India's economic reforms?

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1. In December 1991, the Sick Industrial Companies Act (SICA) was amended to include public sector enterprises under the authority of the Board for Industrial and Financial Reconstruction (BIFR).

2. This amendment was a key part of the economic reforms initiated by the Indian government to revive and restructure sick industries.

3. The Sick Industrial Companies Act was originally enacted in 1985 to identify and rehabilitate sick and potentially sick companies early, with BIFR established under this act in 1987.

4. The amendment extended BIFR's jurisdiction to public enterprises, enabling it to address industrial sickness in the public sector as well.

5. This move was aligned with the broader 1991 reforms aimed at liberalizing and strengthening the Indian economy by improving industrial efficiency and financial health.

**Answer:** Sick Industrial Companies Act

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