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.
Denne historien er fra December 28, 2024-utgaven av Financial Express Delhi.
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Denne historien er fra December 28, 2024-utgaven av Financial Express Delhi.
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Special category visa for foreign students
INDIA HAS LAUNCHED two special category visas for international students intending to pursue higher education in academic institutions in the country.
Stars who couldn't walk the talk
IN THE END, just one Indian could get on top of the dias at the presentation ceremony of Border-Gavaskar Trophy (BGT). Jasprit Bumrah, the captain and the man of the series.
Indian-Origin IT Companies Corner a Fifth of H-1B Visas
INDIAN-ORIGIN TECH COMPANIES cornered a fifth of all H-1B visas issued by the US with Infosys and Tata Consultancy Services (TCS) leading the pack, an analysis of data from the US immigration department showed.
PM Criticises AAP, Promises BJP Will Continue Welfare Schemes If Voted In
● They are lying that we will stop schemes: Modi
Four Maoists, jawan killed in first Bastar encounter this year
FOUR MAOISTS WERE gunned down on Saturday afternoon in the first encounter this year between Naxals and security forces in Chhattisgarh's Bastar region.
3 Killed as Coast Guard Chopper Crashes at Porbandar Airport
A Coast Guard chopper crashed at Porbandar airport in Gujarat on Sunday as it was landing after a routine training sortie, killing two pilots and a diver who were on board.
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