In July 2012, I was appointed secretary in the Department of Economic Affairs. During 2012-14, the economy was in the throes of multiple crises and we had to regularly present our strategies before the PM. I was fortunate enough to watch him closely as he guided the government quietly but steadily.
A man of few words, Dr Singh was a great listener. He was a globally recognised economist and architect of India's economic reforms of the 1990s, but he never cut any of us short when we were making a presentation. Even if our opinions were contrarian to his point of view, he contradicted us gently, often with a smile. He was clear and precise in his directions, but always delivered them as a suggestion.
Though we struggled with runaway inflation, burgeoning fiscal deficit and toxic current account deficit against serious odds, he provided much needed encouragement and support.
Denne historien er fra December 28, 2024-utgaven av Financial Express Hyderabad.
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Denne historien er fra December 28, 2024-utgaven av Financial Express Hyderabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Rupee at lifetime low as equities slide; tilt bearish
THE RUPEE DECLINED 4 paise to settle at a record low of 85.83 against the dollar on Monday, amid a steep fall in domestic equity markets and unabated outflow of foreign capital.
PSBs' share in 'fair value' investments declines, private banks report gains
STATE-OWNED BANKS' SHARE in the 'fair value through profit and loss investment portfolio' (FVPTL), the newly-introduced investment category, has gone down to 37.2% from around 45%. Meanwhile, the share of private banks has risen to nearly one-third, according to the Reserve Bank of India's (RBI) latest Financial Stability Report.
Bank shares plunge up to 8% amid weak business updates
Historically, the third quarter is not a great one for banks
D2C firm Frido set to be ₹200-cr brand
ARCATRON MOBILITY'S DIRECT-TO-CONSUMER (D2C) arm Frido is on track to become a ₹200-crore brand.
Former executives at OYO, upGrad launch mobility platform
MAYANK KUMAR, FORMER CEO of upGrad, and Ayush Mathur, a former senior leader at OYO, have launched a new mobility platform for blue-collar workers called BorderPlus.
Adani Group lines up petchem foray
Adani Petrochem and Thailand's Indorama will hold 50% stake each in the JV
RIL arm launches Raskik Gluco Energy drink, adding fizz to hydration market
● Beverage to rival Tata Consumer, Dabur products
Auto ancillary firms aim US push with Trump's policies
TRUMP TAILWIND
Sterlite Grid 32 gets over ₹2,400 cr via listed NCDs
FUNDS TO BE USED TO REFINANCE MUMBAI PROJECT
Will not rush in bringing Digital India Act
The rules to implement Digital Personal Data Protection (DPDP) Act was released last week for stakeholder consultation.
