Licence raj replaced by time-consuming approval raj: Biocon CMD
India may have created a competitive market by abolishing licence raj, but it has been replaced by an equally time-consuming "approval raj" fraught with potential corruption, Biocon CMD Kiran Mazumdar-Shaw has said.
Aug 01, 2016, 15:25 PM ISTLicence-raj gone, but inspector-raj still there: Raghuram Rajan
Pitching for better business environment for startups, Reserve Bank Governor Raghuram Rajan today said India has done away with the licence raj, but 'inspector raj' continues to some extent.
May 21, 2016, 19:43 PM IST