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70 Policies — Essential Commodities Act, 1955
Indian Economy | Economic Reforms Aug 03, 2018

70 Policies — Essential Commodities Act, 1955

At a time when India was emerging from the aftermath of Partition and shortages, the objective of this Act was to protect citizens from exploitation by unscrupulous traders. ...

70 Policies — Finance Commissions, 1951
Indian Economy Aug 02, 2018

70 Policies — Finance Commissions, 1951

Finance Commissions decide the distribution taxes between the centre and the states, and is the key financial lever determining the federal structure of the Indian economy. ...

70 Policies — Nationalisation of Air India, 1953
Indian Economy | Economic Reforms Aug 02, 2018

70 Policies — Nationalisation of Air India, 1953

If airlines symbolised the travel of the rich, they should logically have been banned altogether or taxed heavily. Instead, the government nationalised them, destroyed the civil aviation industry and set India back by decades. ...

70 Policies — Industries (Development and Regulation) Act, 1951
Indian Economy | Economic Reforms Aug 02, 2018

70 Policies — Industries (Development and Regulation) Act, 1951

The law declared “in the public interest” — a term that would get echoed over the next five decades for several laws and policies, to mean the curbing of all economic freedom — that the central government “should take under its control” the industries specified ...

70 Policies — Planning Commission, 1950
Indian Economy | Economics and Finance | Economic Reforms Aug 02, 2018

70 Policies — Planning Commission, 1950

An analysis of the agenda papers and records of the first 50 meetings indicates the dominance of a central economic thought, articulated by the prime minister and union ministers, with states following that direction. ...

70 Policies — Indian Standards Institution (Certification Marks) Act, 1952
Indian Economy | Economic Reforms Aug 02, 2018

70 Policies — Indian Standards Institution (Certification Marks) Act, 1952

As companies and producers began to embrace and communicate their adherence to the “ISI Mark” as a virtue, the mark and the quality it certified soon became a household name. But there remained a gap in the creation of standards. ...

70 Policies — Development Finance Institutions, 1948
Indian Economy | Economics and Finance Aug 02, 2018

70 Policies — Development Finance Institutions, 1948

In their new avatars, ICICI Bank and IDBI Bank command the size and scale to repeat that performance for household finance, while IFCI is teetering under the weight of sharp deterioration of asset quality and deviations from lending norms, according to the Comptroller and Auditor ...

70 Policies — Controller of Capital Issues, 1947
Indian Economy | Economic Reforms Aug 01, 2018

70 Policies — Controller of Capital Issues, 1947

This law enacted in 1947 showed who would be in charge of capital in socialist India. ...

Contributors

Diya Shah

Diya Shah

Diya Shah is a Research Assistant at ORF’s Centre for Economy and Growth. Her work explores developments in climate finance as part of a broader, ever-evolving climate discourse, specifically focusing on gaps in global financial infrastructures, adaptive finance and carbon ...

Read More + Diya Shah

Diya Shah

Diya Shah is a Research Assistant at ORF’s Centre for Economy and Growth. Her work explores developments in climate finance as part of a broader, ever-evolving climate discourse, specifically focusing on gaps in global financial infrastructures, adaptive finance and carbon ...

Read More +