India’s reformer Manmohan Singh ends 33-year tour of Parliament – Amar Ojla Hindi News Achi-News

“Sometimes he was called Buffett CM and sometimes Maunmohan Singh”

As Prime Minister and even later, Manmohan Singh was often surrounded by criticism. Sometimes the BJP called him to run a government surrounded by corruption and sometimes he was called an enthusiastic prime minister. At the same time, BJP called him Maunmohan Singh many times. He was also accused of running the government by taking orders from the Gandhi family. Even so, while stepping down as Prime Minister, Manmohan Singh said, ‘I really hope that history will be kind while examining me.’

When economic reforms began as Minister of Finance

Dr. Manmohan Singh’s greatest contribution to the country is to initiate economic reforms as the Finance Minister. In 1991, India’s international trade balance was in a dismal deficit. In 1991, its foreign debt doubled from $35 billion to $69 billion. To India There was very little money and time. Then as an emergency measure to deal with our current account deficit, the Reserve Bank of India pledged its gold holdings with the Bank of England to raise about $400 million to reduce the current account deficit.

Subsequently, Dr. Singh initiated a series of reforms in the Indian economy which he called “reforms with a human face”. The prelude to the abolition of the license raj was written with the introduction of the Industrial Policy, 1991. To overcome this crisis, Manmohan Singh opened the Indian market to foreign companies in the budget It.

This step gave the government its first success in a few months, when in December 1991 the Indian government managed to get the gold that was enslaved abroad and hand it over to the RBI. Globalization in the country was started by Singh in 1991. He not only opened India to the world market, but Also simplified the export and import rules. Dr. Manmohan Singh carried out wide-ranging economic reforms in the Indian economy and no one can deny that he made a significant contribution in revamping the Indian economy.

I have not been in good health for some time.

His health has not been good for some time. He is often seen attending Rajya Sabha proceedings in a wheelchair. Recently, during the farewell of retired members of the Rajya Sabha, Prime Minister Narendra Modi praised Manmova Singh’s role as a member of the Rajya Sabha. He said his contribution will never be forgotten. Prime Minister Modi also said that it was seen many times that he came to vote while in a wheelchair and he strengthened democracy.