Home General Former PM P V Narasimha Rao was a true reformer, says Rangarajan

Former PM P V Narasimha Rao was a true reformer, says Rangarajan

by Ila Choudhary
0 comment

Hyderabad: Former Reserve Bank Governor C Rangarajan, a key functionary in previous UPA governments, has said late Prime Minister P V Narasimha Rao was a true reformist and his reforms had helped the country achieve good growth rate in subsequent years.

Late Prime Minister P V Narasimha Rao was a true reformist, said former RBI Governor C Rangarajan.

Late Prime Minister P V Narasimha Rao was a true reformist, said former RBI Governor C Rangarajan.

At the launch of former journalist Sanjaya Baru’s book ‘1991: How PV Narasimha Rao made history’ here last night, Rangarajan also said Rao’s Finance Minister and former PM Manmohan Singh had also played a pivotal role in rolling out the reforms but did not get due credit for his endeavours.

“But the fact of the matter is that Rao was a reformist.

I can say this as I was a member of the Planning Commission then. I’m sure that Rao was fully behind the reforms and he had articulated the reforms in a manner in which it could be acceptable to his party as there were many in Congress who did not agree with what was happening,” Rangarajan said.

He said some of the key reforms that Rao initiated included “dismantling the control raj” from the economy.

“We were dismantling counter-productive licensing mechanisms. But that was to be communicated in a very subtle manner. That’s where the credit did not go very much to Rao,” he said.

He said Rao totally supported Singh in implementing the reform policies and gave political support to his finance minister that was needed at that time to push the reform bandwagon.

PTI

You may also like

About Us

The Sen Times, India’s first and largest online newspaper established its place in the media scene of India in 2010. It started its online journey in 2012 with a sense of challenge and a feeling of humility to serve the bureaucrats and public servants as a truly independent newspaper for them.

Latest News

Popular News

Copyright © 2022 Sen Times Group Pvt. Ltd. All rights reserved.
%d bloggers like this: