Regulatory Standards Must Not Bring Back License Raj, Says PM

"It is also necessary to ensure that these regulatory standards do not bring back the License Permit Raj which we sought to get rid of in the wake of economic reforms of the early 90s," he said.

His statement - though a repetition of a concern voiced earlier as well - gave credence to increasing noise from within the Union Cabinet that environment and forests minister Jairam Ramesh's stance is beginning to hurt investment climate and halt infrastructure development. Read the full report here.

Source: Times News Network, New Delhi.