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License Raj
The Licence Raj or Permit Raj (''rāj'', meaning "rule" in Hindi) is a term coined by Indian independence activist and statesman C. Rajagopalachari for the system of strict government control and regulation of the Indian economy. This economic system, a form of State capitalism, 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 licences were often difficult to obtain. The Licence Raj was intended to protect Indian industry, promote self-reliance and ensure regional equality. Up to 80 government agencies had to be satisfied before private companies could produce something and, if granted, the government would regulate production. The term "Licence Raj" is a play on the "British Raj" which refers to the period of British rule in India. Chakravarti Rajagopalachari’s criticism of the License Raj stemmed from his opposition to the system of strict governmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hindi
Modern Standard Hindi (, ), commonly referred to as Hindi, is the Standard language, standardised variety of the Hindustani language written in the Devanagari script. It is an official language of India, official language of the Government of India, alongside English language, English, and is the ''lingua franca'' of North India. Hindi is considered a Sanskritisation (linguistics), Sanskritised Register (sociolinguistics), register of Hindustani. Hindustani itself developed from Old Hindi and was spoken in Delhi and neighbouring areas. It incorporated a significant number of Persian language, Persian loanwords. Hindi is an Languages with official status in India, official language in twelve states (Bihar, Gujarat , Mizoram , Maharashtra ,Chhattisgarh, Haryana, Himachal Pradesh, Jharkhand, Madhya Pradesh, Rajasthan, Uttar Pradesh, Uttarakhand), and six Union territory, union territories (Andaman and Nicobar Islands, Delhi, Chandigarh, Dadra and Nagar Haveli and Daman and Di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Sector
The private sector is the part of the economy which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment The private sector employs most of the workforce in some countries. In private sector, activities are guided by the motive to earn money, i.e. operate by capitalist standards. A 2013 study by the International Finance Corporation (part of the World Bank Group) identified that 90 percent of jobs in developing countries are in the private sector. Diversification In free enterprise countries, such as the United States, the private sector is wider, and the state places fewer constraints on firms. In countries with more government authority, such as China, the public sector makes up most of the economy. Regulation States legally regulate the private sector. Businesses operating within a country must comply with the laws in that country. In some cases, usually involving multinati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Partition Of India
The partition of India in 1947 was the division of British India into two independent dominion states, the Dominion of India, Union of India and Dominion of Pakistan. The Union of India is today the Republic of India, and the Dominion of Pakistan is the Islamic Republic of Pakistan and the People's Republic of Bangladesh. The Partition (politics), partition involved the division of two provinces, Bengal and the Punjab Province (British India), Punjab, based on district-wise Hindu or Muslim majorities. It also involved the division of the British Indian Army, the Royal Indian Navy, the Indian Civil Service, the History of rail transport in India, railways, and the central treasury, between the two new dominions. The partition was set forth in the Indian Independence Act 1947 and resulted in the dissolution of the British Raj, or Crown rule in India. The two self-governing countries of India and Pakistan legally came into existence at midnight on 14–15 August 1947. The partiti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soviet Union
The Union of Soviet Socialist Republics. (USSR), commonly known as the Soviet Union, was a List of former transcontinental countries#Since 1700, transcontinental country that spanned much of Eurasia from 1922 until Dissolution of the Soviet Union, it dissolved in 1991. During its existence, it was the list of countries and dependencies by area, largest country by area, extending across Time in Russia, eleven time zones and sharing Geography of the Soviet Union#Borders and neighbors, borders with twelve countries, and the List of countries and dependencies by population, third-most populous country. An overall successor to the Russian Empire, it was nominally organized as a federal union of Republics of the Soviet Union, national republics, the largest and most populous of which was the Russian SFSR. In practice, Government of the Soviet Union, its government and Economy of the Soviet Union, economy were Soviet-type economic planning, highly centralized. As a one-party state go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Five-year Plans Of The Soviet Union
The five-year plans for the development of the national economy of the Union of Soviet Socialist Republics (USSR) (, ''pyatiletniye plany razvitiya narodnogo khozyaystva SSSR'') consisted of a series of nationwide Centralized planning, centralized economic planning, economic plans in the Soviet Union, beginning in the late 1920s. The Soviet state planning committee Gosplan developed these plans based on the theory of the productive forces that formed part of the Ideology of the Communist Party of the Soviet Union, ideology of the Communist Party of the Soviet Union, Communist Party for Economic development, development of the economy of the Soviet Union, Soviet economy. Fulfilling the Economy of the Soviet Union#Planning, current plan became the watchword of Soviet Bureaucracy, Soviet bureaucracy. Several Soviet five-year plans did not take up the full period of time assigned to them: some were pronounced successfully completed earlier than expected, some took much longer than ex ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Five-year Plans Of India
The Five-Year Plans of India were a series of national development programmes implemented by the Government of India from 1951 to 2017. Inspired by the Soviet model, these plans aimed to promote balanced economic growth, reduce poverty and modernise key sectors such as agriculture, industry, infrastructure and education. The Planning Commission, chaired ex-officio by the prime minister, conceptualised and monitored the plans until its replacement by the NITI Aayog (National Institution for Transforming India) in 2015. The plans evolved to address changing developmental priorities, introducing innovations like the Gadgil formula in 1969 for transparent resource allocation to states. While the five-year plans significantly shaped India's economic trajectory, they were discontinued in 2017, transitioning to a more flexible framework under the NITI Aayog. History Five-Year Plans (FYPs) are centralized and integrated national socio-economic programs. Joseph Stalin implemented ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Command Economy
A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed. Socialist states based on the Soviet model have used central planning, although a minority such as the former Socialist Federal Republic of Yugoslavia have adopted some degree of market socialism. Market abolitionist socialism replaces factor markets with direct calculation as the means to coordinate the activities of the various socially owned economic enterprises that make up the economy. More recent approaches to socialist planning and allocation have come from some economists and computer scientists proposing planning mechanisms ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Planning Commission (India)
The Planning Commission was an institution in the Government of India which formulated India's Five-Year Plans, among other functions. In his first Independence Day speech in 2014, Prime Minister Narendra Modi announced his intention to dissolve the Planning Commission. It has since been replaced by a new institution named NITI Aayog. History Rudimentary economic planning, deriving from the sovereign authority of the state, was first initiated in India in 1938 by Congress President Netaji Subhash Chandra Bose, Atul Tiwari, Pandit Jawaharlal Nehru who had been persuaded by Meghnad Saha to set up a National Planning Committee. M. Visvesvaraya had been elected head of the Planning Committee. Meghnad Saha approached him and requested him to step down, putting forward the argument that planning needed a reciprocity between science and politics. M. Visvesvaraya generously agreed and Jawaharlal Nehru was made head of the National Planning Committee. The so-called "British Ra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swarajya (magazine)
''Swarajya'' is an Indian right-wing monthly print magazine and news portal. The publication reports favourably on the Bharatiya Janata Party and has published misinformation on many occasions. R. Jagannathan is the current editorial director. Originally established in 1956 as a weekly under the patronage of C. Rajagopalachari, it shut down in 1980 but was relaunched in September 2014, as a daily news website; a monthly print magazine was launched in January 2015. History ''Swarajya'' was launched as a weekly magazine in 1956 by journalist Khasa Subba Rao, under the patronage of C. Rajagopalachari, a prominent independence activist and one of the founders of the Swatantra Party. The magazine strongly advocated individual freedom and freedom of enterprise as against Nehru's socialist policies. Minoo Masani, Ramaswamy Venkataraman, and R. K. Laxman have contributed to the magazine. After Rajagopalachari's death in 1972, the magazine slowly began to decline and eventua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chakravarti Rajagopalachari
Chakravarti Rajagopalachari (10 December 1878 – 25 December 1972), popularly known as Rajaji or C.R., also known as Mootharignar Rajaji (Rajaji'', the Scholar Emeritus''), was an Indian statesman, writer, lawyer, and Indian independence movement, Indian independence activist. Rajagopalachari was the last Governor-General of India, as, when India became a republic in 1950, the office was abolished. He was also the only Indian-born Governor-General, as all previous holders of the post were British nationals. He also served as leader of the Indian National Congress, Chief Minister of Tamil Nadu#Madras Presidency, Premier of the Madras Presidency, Governor of West Bengal, Minister for Home Affairs of the Indian Union and Chief Minister of Tamil Nadu#Madras State, Chief Minister of Madras state. Rajagopalachari founded the Swatantra Party and was one of the first recipients of India's highest civilian award, the Bharat Ratna. He vehemently opposed the use of nuclear weapons an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swatantra Party
The Swatantra Party was an Indian classical liberal political party that existed from 1959 to 1974. It was founded by C. Rajagopalachari in reaction to what he felt was the Jawaharlal Nehru-dominated Indian National Congress's increasingly socialist and statist outlook. The party had a number of distinguished leaders, most of them old Congressmen, like C. Rajagopalachari, Minoo Masani, N. G. Ranga, Darshan Singh Pheruman, Udham Singh Nagoke and K. M. Munshi. The provocation for the formation of the party was the left turn that the Congress took at Avadi and the Nagpur Resolutions. Swatantra stood for a market-based economy and the dismantling of the " Licence Raj" although it opposed ''laissez-faire'' policies. Swatantra was not a religion-based party, unlike the Hindu nationalism of the Bharatiya Jana Sangh. In 1960, Rajagopalachari and his colleagues drafted a 21-point manifesto detailing why Swatantra had to be formed even though they had been Congressmen and asso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Constituent Assembly Of India
Constituent Assembly of India was partly elected and partly nominated body to frame the Constitution of India. It was elected by the Provincial assemblies of British India following the Provincial Assembly elections held in 1946 and nominated by princely states. After India's independence from the British in August 1947, its members served as the nation's 'Provisional Parliament', as well as the Constituent Assembly. It was first conceived by V. K. Krishna Menon, who outlined its necessity as early as 1933 and espoused the idea as a demand of the Indian National Congress. The Indian National Congress held its session at Lucknow in April 1936 presided by Jawaharlal Nehru. The official demand for a Constituent Assembly was raised and the Government of India Act, 1935 was rejected as it was an imposition on the people of India. C. Rajagopalachari again voiced the demand for a Constituent Assembly on 15 November 1939 based on adult franchise, and was accepted by the British ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
