Diabytes
License raj News
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India may have created a competitive market by abolishing licence raj, but it has been replaced by an equally time-consuming "approval raj" fraught with potential corruption, Biocon CMD Kiran Mazumdar-Shaw has said.
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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.
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