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At his now famous budget introduction speech that instituted the reforms, Manmohan Singh said on 24 July 1991: "Let the whole world hear it loud and clear. India is now wide awake." [3] The reform process had significant effects on the Indian economy, leading to an increase in foreign investment and a shift towards a more services-oriented ...
Following German reunification in 1990, the LPG was no longer a legal form of business and regulations were introduced governing their dissolution and the restructuring of enterprises into other legal forms. Some former LPG members, typically those with a strong family background in independent farming, reclaimed their land and started again as ...
While Vinay Sitapati's book Half Lion: How P.V. Narasimha Rao transformed India (2016) gives a renewed biographical picture of his entire life, [110] Sanjay Baru's book 1991: How P V Narasimha Rao made history (2016) [111] and Jairam Ramesh's book From the brink to back: India's 1991 story (2015) [112] focuses on his role in unleashing the ...
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.
Similarly, in the Philippines, the contentious proposals for Charter Change include amending the economically restrictive provisions of their 1987 constitution. [ 5 ] By this measure, an opposite of a liberalized economy are economies such as North Korea's economy with their "self-sufficient" economic system that is closed to foreign trade and ...
[1] [2] After this period, India moved towards a more market-based economy, though, India is officially declared a socialist state as per the constitution. [ 3 ] [ 4 ] History
4 July 1991: Colombian Constitution of 1991 established as a presidential republic. 20 July 1810: Colombia declares independence from Spain. 4 July 1991: The Sovereign territory was organized under the National Constituent Assembly. 17 December 1819: Colombia merged with Venezuela, Panama, and Ecuador. 19 November 1831
The Bill proposed abolishing the British monarchy, with the United Kingdom becoming a "democratic, federal and secular Commonwealth of Britain", or in effect a republic with a codified constitution. It was introduced by Benn a number of times until Benn's retirement in 2001, but never achieved a second reading. Under the Bill: