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The Licence Raj or Permit Raj (rāj, meaning "rule" in Hindi) [1] is a pejorative for the system of strict government control and regulation of the Indian economy that was in place from the 1950s to the early 1990s. Under this system, businesses in India were required to obtain licences from the government in order to operate, and these ...
The 1956 policy continued to constitute the basic economic policy for a long time. This fact has been confirmed in all the Five-Year Plans of India. According to this resolution the objective of the social and economic policy in India was the establishment of a socialistic pattern of society. It provided more powers to the governmental machinery.
This is a chronological and complete list of acts passed before 1861, by the Imperial Legislative Council between 1861 and 1947, the Constituent Assembly of India between 1947 and 1949, the Provisional Parliament between 1949 and 1952, and the Parliament of India since 1952. Apart from Finance Act, there are 890 Acts which are still in force as ...
The States Reorganisation Act, 1956 was a major reform of the boundaries of India's states and territories, organising them along linguistic lines. [1]Although additional changes to India's state boundaries have been made since 1956, the States Reorganisation Act of 1956 remains the most extensive change in state boundaries after the independence of India.
1 September – LIC of India formed; 14 October – Dr. B. R. Ambedkar, Indian Untouchable leader, converts to Buddhism along with 385,000 followers. See Neo-Buddhism. 17 December - Jawaharlal Nehru meets Dwight D. Eisenhower as part of his visit to United States. [2]
After the Indian Rebellion of 1857, control of India was transferred from the East India Company to the British Empire. British-controlled India, known as the British Raj , or just the Raj, worked to try to support and justify its governance of India with the aid of English-educated Indians, who tended to be more familiar with and friendly to ...
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