Infosys, a software-services company, is seeking approval to raise up to 100 times that amount.

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To me, the real regulatory challenge is the level of those concessions and the amount of management attention required by the approval process.

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The service can work in a few different ways: parents can set a monthly allowance, parents can require approval via text for any transaction above a certain amount.

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But Mr Kirchner cowed them too during his four years in office, thanks to high approval ratings and an ample budget surplus, which gave him an unusual amount of freedom to direct spending to supportive regional officials.

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Approval of a license could take three to four years, and construction of a new reactor could occupy an equal amount of time.

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