Dr. Manmohan Singh No More: Pivotal Decisions Made By Economist-Turned-Prime Minister That Changed India

Bank Nationalisation: Dr. Singh supported the nationalisation of 14 banks in 1969, which helped increase access to credit for the masses.

Relaxing Norms for Foreign Investment: As RBI Governor, Dr. Singh opposed the government’s directive to relax norms for foreign investment, citing concerns about the impact on the Indian economy.

Opposition to BCCI’s Entry into India: Dr. Singh twice thwarted attempts by the Bank of Credit and Commerce International (BCCI) to enter India, citing concerns about the bank’s reputation.

Implementation of the Sixth Five-Year Plan: As Member-Secretary of the Planning Commission, Dr. Singh played a crucial role in implementing the Sixth Five-Year Plan, which focused on rapid industrialisation and social welfare.

Introduction of the Right to Information Act: Dr. Singh’s government introduced the Right to Information Act, which empowered citizens to access information about government activities and decisions, promoting transparency and accountability.

Rejection of the Sterilisation Program: Dr. Singh opposed the forced sterilisation program implemented during the Emergency, citing concerns about human rights and the program’s ethics.

Introduction of the New Economic Policy: As Prime Minister, Dr. Singh introduced the New Economic Policy, which aimed to promote economic growth, reduce poverty, and increase access to education and healthcare.

Signing of the Indo-US Nuclear Deal: Dr. Singh’s government signed the Indo-US nuclear deal, which allowed India to access civilian nuclear technology and marked a significant shift in India’s foreign policy.

Implementation of the National Rural Employment Guarantee Act (NREGA): Dr. Singh’s government implemented NREGA, which provided a guarantee of 100 days of employment to rural households, helping to reduce poverty and increase rural employment.

Economic Reforms of 1991: As Finance Minister, Dr. Singh introduced sweeping economic reforms, liberalising India’s economy and opening it up to foreign investment.

Dr. Manmohan Singh No More: Pivotal Decisions Made By Economist-Turned-Prime Minister That Changed India

Rahul Dev

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