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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.
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Pages in category "1956 disestablishments in India" ... Hathwa Raj; Hyderabad State (1948–1956) K. ... under the Creative Commons Attribution-ShareAlike 4.0 License
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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 ...