"New Licence-Permit Raj": Congress's Dig As Maharashtra Loses Project
NDTV
Political instability makes investors nervous, the former chief minister told reporters here.
Amid controversy over Maharashtra losing some big-ticket industrial projects, Congress leader Prithviraj Chavan on Tuesday said the country was heading towards a new license-permit raj.
Political instability makes investors nervous, the former chief minister told reporters.
"The current Maharashtra government is not even able to form a full cabinet. That is not a good sign. The reasons (for instability) are change in the government, interference by Delhi and hijacking of the projects which should have come to Maharashtra," he said.
During the infamous license-permit raj of the pre-1991 era, the Union government could tell investors where they should invest, he said.
