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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.
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.
Odisha – P. S. Kumaraswamy Raja (until 11 September), Bhim Sen Sachar (starting 11 September) Punjab – Chandeshwar Prasad Narayan Singh; Rajasthan – Maharaj Man Singh II (until 31 October), Gurumukh Nihal Singh (starting 31 October) Uttar Pradesh – Kanhaiyalal Maneklal Munshi; West Bengal – until 8 August: Harendra Coomar Mookerjee
[11] [12] [13] India invaded the state by 13 September 1948, following a crippling economic blockade, and multiple attempts at destabilising the state through railway disruptions, the bombing of government buildings, and raids on border villages. [14] [15] [16] After the defeat of Razakars, the Nizam signed an instrument of accession, joining ...
Download as PDF; Printable version; ... 1956 Indian novels (4 P) P. ... Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; ...
[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 ...
The Dedicated Freight Corridor Corporation of India Ltd. has tied up with the Japanese Bank of Industrial Cooperation for US$14.56 billion funding as loan for the first phase and it is likely to be commissioned in 2016. [10] The Prime Minister Gram Sadak Yojana (PMGSY) is a scheme for development of rural roads in India. The Construction of ...