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70 Policies — Institutes of Technology Act, 1961
Economic Reforms | Education in India | Education Aug 04, 2018

70 Policies — Institutes of Technology Act, 1961

While building institutions is hard, maintaining them is even harder. ...

70 Policies — Nationalisation of Life Insurance, 1956
Indian Economy | Economic Reforms Aug 04, 2018

70 Policies — Nationalisation of Life Insurance, 1956

While the ostensible reason for nationalisation and the obliteration of all competition was unfair practices of the companies and the protection of policyholders, neither found a mention in the new law from which LIC derives its authority, powers and products: a legislative vacuum. ...

70 Policies — Industrial Policy Resolution, 1956
Indian Economy | Economic Reforms Aug 04, 2018

70 Policies — Industrial Policy Resolution, 1956

The resolution emphasised on support for cottage, village and small-scale industries by restricting production for large players, differential taxation or direct subsidies. ...

70 Policies — State Bank of India Act, 1955
Indian Economy | Economic Reforms Aug 03, 2018

70 Policies — State Bank of India Act, 1955

Through the six decades of SBI’s presence, the initial objective of extending “banking facilities on a large scale, more particularly in the rural and semi-urban areas” has remained a policy fig leaf, and it is only now, through payments banks and Jan Dhan Yojana, that ...

70 Policies — Oil and Natural Gas Division, 1955
Indian Economy Aug 03, 2018

70 Policies — Oil and Natural Gas Division, 1955

Intermingled with ONGC’s corporate structure was India’s strategic goal of energy security, the route to which was through global acquisitions. ...

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 ...

Contributors

Akshay Shetty

Akshay Shetty

Akshay Shetty leads the collaborative-building efforts on climate action at ClimateRISE ...

Read More + Kirti Jain

Kirti Jain

Kirti Jain leads the research and knowledge-building initiatives in inclusive and equitable climate action at ClimateRISE team ...

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