India Today | June 22, 2026 THE INSIDE STORY OF HOW PRIME MINISTER NARENDRA MODI IS UNSHACKLING INDIAN BUSINESS FROM THE COMPLIANCE RAJ In the summer of 1991, P.V. Narasimha Rao and his finance minister Manmohan Singh dismantled the Licence Raj. Thirty-five years later, Prime Minister Narendra Modi, who on June 10 became the longest-serving elected prime minister, overtaking Jawaharlal Nehru’s record of 4,398 days, is attempting something as ambitious.