Some of the key policies and schemes that today underpin India's pursuit of inclusive growth rely on the nuts and bolts built during Manmohan Singh's decade-long prime ministership between 2004 and 2014, building on the country's bold embrace of reforms in 1991 during his term as finance minister in the P.V. Narasimha Rao government, according to economists and observers.
Transfer of welfare benefits straight to the account of the recipient, the rural jobs scheme named after Mahatma Gandhi that offers a legally guaranteed fall-back option to many whenever the weather-dependent rural economy suffers a shock, and a law guaranteeing food security shine through India's welfare framework, while the Aadhaar-backed identification system powers India's digital economy success.
A towering statesman and the driving force behind India's economic reforms, Singh passed away on Thursday at 92, leaving a legacy that has reshaped India's economic and welfare landscape.
"He was an economist par excellence and ensured economic stability and liberalization of the economy. He effectively handled inflation and unemployment. Additionally, when the entire world faced the financial crises of 2008, he ensured that all banks in India were stable," M. Veerappa Moily, former Union minister of petroleum, law, power and corporate affairs, and former chief minister of Karnataka, said in a social media post.
Moily, who served in Manmohan Singh's cabinet, said Singh "was a good man, and I will miss him very dearly."
Diese Geschichte stammt aus der December 28, 2024-Ausgabe von Mint Chennai.
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 Mint Chennai.
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
Bringing Past to the Present
A Mint guide to what's happening in and around your city
A luxury seven-seater gets a stylish makeover
New tech features and exterior refinements enhance comfort in the Audi Q7 but some much-needed updates are missing
Three workplace trends have seen hype overtake the reality
Return-to-office, AI adoption and DEI dumping are all overhyped
In 2025, India must play the role of peacemaker
The New Year has brought a grim reminder of terror as a threat even as war rages in West Asia, Europe and elsewhere. India must push for UN reforms, global principles and peace
Predictions for 2025: It's best to take them with a bucket of salt
It's super easy to make forecasts but the truth is that nobody really knows how things will turn out
India Versus Global: A Balanced Approach for NRI Investors
NRIs should classify their goals into three categories: safety, stability and aspirations
A 32-Year-Old's Journey From Modest to 10x SIP Investment
Jadhav invested in a combination of MFs, diversifying her investments in large-cap, hybrid, flexi, and liquid funds
Should a CA Buy Professional Indemnity Insurance?
I am a newly qualified chartered accountant. I would like to start my own practice, which would focus on audit and advisory services. Would it make sense for me to buy professional indemnity insurance? How would it help?
Morgan Stanley quits climate group
Morgan Stanley said it has quit a global climate-banking group, joining other Wall Street firms to have left an alliance designed to support the reduction of greenhouse-gas emissions.
Manu Bhaker, Gukesh among 4 athletes to receive Khel Ratna
Double Olympic-medallist Manu Bhaker and chess world champion D Gukesh were among four winners of the Major Dhyan Chand Khel Ratna award announced by the sports ministry, which also named an unprecedented 17 para-athletes in the list of 32 Arjuna awardees to honour their resounding success at the Paris Paralympics.
