The Kafkaesque Tower of DGTD Clearances: Yashwant Sinha

Yashwant Sinha | Experiences Under the License Raj | India Before 1991

Yashwant Sinha, Former Cabinet Minister for Finance and External Affairs narrates the difficulty in buying a car and about DGTD being the the repository of all knowledge related to industries. He shares his experiences during the period in which he was an MP and later on became the Finance Minister.

According to him, "License Permit Quota Raj meant that for everything you had to make an application, things were not easily available.."

More Video Stories to Watch...

The Challenges of Necessities: Power and Fuel: P Sri Ganesh
Consumer Durables since 1991: Abhishek Gupta
A History of Liberal Interventions in India: Geeta Gouri
The "Shortages" Economy of the Past: Bibek Debroi
Two Paths to Success: Tata and Reliance: Rajesh Chakrabarti