CAME TO know Dr Manmohan Singh during his first term as Prime Minister when he, on the advice of Montek Singh Ahluwalia, appointed me as an economic advisor. Over the years since then, through my term as Reserve Bank of India (RBI) governor and after, I had the privilege of interacting with him periodically.
Dr Singh was a brilliant economist with an ambitious vision of what a liberal India could be, combined with a fine sense of what was possible politically. He was understated and soft-spoken, which allowed him to attract the best and the brightest, ranging from Ahluwalia to C Rangarajan, to his team. The liberalization and reforms he undertook with the support of Prime Minister Narasimha Rao laid the foundations of the modern Indian economy, and spurred the decades of robust growth we still enjoy.
In his terms as Prime Minister, Dr Singh's ability to reform the economy further was somewhat hampered, first by coalition politics and then by opposition non-cooperation. Nevertheless, his government passed landmark legislation like the National Food Security Act and the National Rural Employment Guarantee Act, targeted at segments of Indian society that are often overlooked.
He also sought to strengthen Indian institutions and apply checks and balances on the government. The Right to Information Act stands out as one of the few pieces of legislation where the Indian government has subjected itself to greater scrutiny. And some of the reforms his government contemplated but could not enact, such as the goods and services tax, were enacted by the subsequent National Democratic Alliance government.
Diese Geschichte stammt aus der December 28, 2024-Ausgabe von Financial Express Ahmedabad.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 28, 2024-Ausgabe von Financial Express Ahmedabad.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Police found 19 fingerprints at Saif's house, to match with accused
Following the attack on actor Saif Ali Khan, the Mumbai Police found 19 fingerprints at his house that are suspected to be of the attacker, said sources.
Shock-proofing the UK economy
Rather than view recent market volatility negatively, the govt has a chance to frame it as a moment to improve public understanding of what it is doing
RG Kar case 'not rarest of rare'; life term for convict
A court in Kolkata's Sealdah on Monday sentenced Sanjoy Roy to life imprisonment \"until his last breath\" for the rape and murder of a junior doctor at the state-run RG Kar College and Hospital.
OMCs to register strong Q3FY25 earnings
Positive Outlook
On Day 2 of ceasefire, Gazans search for people under rubble
PALESTINIANS BEGAN SEARCHING on Monday for thousands of Gazans believed still buried under rubble, as residents expressed shock at the devastation wrought by 15 months of war on the enclave on the second day of a ceasefire between Israel and Hamas.
Bachchan's ₹83-crore deal: Mumbai property market sizzles again
Stars Heating Up City Realty
Telcos seek tax exemption on AGR dues
Run-up to the Budget 2025-26
IT firms see shift to shorter deal cycles
CHANGE REFLECTS RAPID TECHNOLOGICAL ADVANCEMENTS
Q-comm boom leaves brands in queues
This has made their evaluation and onboarding processes more stringent.
Dixon Lines Up $3-bn Display Fab Unit
Lall said it is a high EBITDA margin business for the company.