DISTINGUISHED ACADEMIC, economist and lawmaker, Manmohan Singh will be forever admired and revered as the chief architect of India's reforms. He was determined to make India a market-driven economy and, backed by Prime Minister Narasimha Rao, took path-breaking policy measures to make it one. His handling of the severe economic and balance of payments crisis, early on in his tenure, revealed his ability to come up with solutions. Devaluing the rupee against the dollar by 18%, in two stages, was no easy task. Also, Singh realised that the Indian currency needed to be more market-determined and made it largely that by 1996. The dismantling of the licence raj, and the revamped industrial licensing policy, freed many industries from the shackles of regressive licensing controls. The earlier unhealthy regime that fostered monopolies was liberalised and many more businessmen were empowered.
Diese Geschichte stammt aus der December 28, 2024-Ausgabe von Financial Express Delhi.
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Diese Geschichte stammt aus der December 28, 2024-Ausgabe von Financial Express Delhi.
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Special category visa for foreign students
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Stars who couldn't walk the talk
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Indian-Origin IT Companies Corner a Fifth of H-1B Visas
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PM Criticises AAP, Promises BJP Will Continue Welfare Schemes If Voted In
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Four Maoists, jawan killed in first Bastar encounter this year
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3 Killed as Coast Guard Chopper Crashes at Porbandar Airport
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Projects Unveiled by PM Are Joint Ventures With State: Kejriwal
AS PRIME MINISTER Narendra Modi inaugurated key infrastructure projects in Delhi on Sunday, Aam Aadmi Party chief and former chief minister Arvind Kejriwal called them 'joint ventures' with the Centre and said it was proof that the government in the city works only for its citizens.
A win-win solution
● Platform becomes match-maker for India Inc & startups
No need to run an air purifier and room heater at the same time
● It heats in winter and purifies indoor air all year round
Track kids' location in real-time
A 4G smartwatch with large display and GPS tracking
