Business Environment, 4th Edition by Pearson

76 | Chapter 3

to the Planning Commission in 1967; from the study team of the Administrative

Reforms Commission on Economic

A

dministra

tio

n,

which submitted a report in

1967–68;

and finally from the Industrial Licensing Policy Enq

uir

y

Committee (Dutt

Committee) in 1969.

The report of the Dutt Committee, 1969 was extremely critical. Its main

conclusions were that the working of the industrial licensing policy had not been

consistent with the

I

n

d

u

str

ial

Policy Resolution of 1956. That no

specific

instruction

had been given to the licensing

a

u

t

h

o

r

i

ties, keeping in view the general objective

of preventing concentration of economic power

a

n

d

monopolistic ...