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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 ...
Industrial Policy Resolution of 1956 (IPR 1956) is a resolution adopted by the Indian parliament in April 1956. It was the second comprehensive statement on industrial development of India after the Industrial Policy of 1948. [1] The 1956 policy continued to constitute the basic economic policy for a long time.
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[14] [page needed] Reforms under lead to an increase in the average GDP growth rate from 2.9 percent in the 1970s to 5.6 per cent, although they failed to fix systemic issues with the Licence Raj. [ 13 ] [ citation needed ] Despite Rajiv Gandhi's dream for more systemic reforms, the Bofors scandal tarnished his government's reputation and ...
He was elected as a member of the Madras and Andhra Pradesh Legislative Assemblies during 1952–1956 and 1956–1957 respectively. He again became a member of Andhra Pradesh Legislative Assembly between 1960 and 1971 and served as a Minister in the State Council of Ministers and held various important portfolios.
Gurmukh Nihal Singh (14 March 1895 – 22 December 1969) [2] was the first Governor of Rajasthan [3] and second Chief Minister of Delhi from 1955 to 1956 and was a Congress leader. [4] He was the successor of Brahm Prakash and assumed office in 1955 just for one year.