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Business Environment, 2nd Edition by Shaikh Saleem

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CHAPTER 04

Industrial Licensing

CHAPTER OUTLINE

INDUSTRIAL LICENSING IN INDIA

The Constitution of India in its Preamble and the Directive Principles of State Policy laid down that a state has the power to control and regulate economic activities. The Directive Principles of State Policy specifically require the state to direct its policy towards securing the following:

  1. Equal right of men and women to adequate means of livelihood
  2. Distribution of ownership and control of the material resources of the community to the common good ...

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