English हिन्दी
Connect with us

India News

Manmohan Singh birthday: Here are the list of his key economic reforms

During his tenure as Prime Minister, Singh was trolled by the Opposition for being too silent but he was praised by many economists and leaders for the economic reforms which he brought during his tenure. He was also the Finance Minister of the country, 13 years before becoming the Prime Minister.

Published

on

Manmohan Singh

It has been seven years since Dr. Manmohan Singh left office as Prime Minister of India and passed on the baton to his successor Narendra Modi on 26th May 2014.

Born on September 26, 1932, former Prime Minister Manmohan Singh is always praised for his historic and crucial economic reforms which kick-started in 1991 brought about expansion of the services sector helped largely by a liberalised investment and trade regime.

Singh, the brain behind the 1991 economic reforms as the Union finance minister under then prime minister PV Narasimha Rao, was a surprise choice of the Congress-led United Progressive Alliance (UPA) after it won the 2004 general elections by defeating the rulling National Democratic Alliance (NDA).

During his tenure as Prime Minister, Singh was trolled by the Opposition for being too silent but he was praised by many economists and leaders for the economic reforms which he brought during his tenure. He was also the Finance Minister of the country, 13 years before becoming the Prime Minister.

Here’s a look at Manmohan Singh’s economic reforms which he brought during his tenure as Prime Minister

1. Direct Benefit Transfer (DBT)

The DBT was launched in 2013 to ensure the benefit of welfare schemes for a simpler and faster flow of funds and also to target financial frauds. The scheme helps to ensure that government benefits of pensions, wages, subsidies, scholarships, social security would directly be credited to the accounts of the beneficiaries.

2. Aadhaar Number

Launched on 28th January 2009, Aadhar faced challenges in its early implementation but has now become the most commonly used identification proof for Indians. It is the world’s largest biometric program in the world.

Dr. Manmohan Singh also suggested to link the Aadhar with the Direct Benefit Transfer to ensure the programs reached the beneficiary without leakages.

3. National Rural Employment Guarantee Scheme (NREGA) Act 2005

The NREGA, a social security scheme, was launched in 2005, ensures income security to rural families by providing a minimum of 100 days of definite wage employment in 1 year. More districts were covered, later in April 2008, when the scheme was renamed to Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).

5. GDP and Economy

Constituted by the National Statistics Commission, India clocked at a 10.08% growth rate in 2006-2007 under Prime Minister Manmohan Singh’s government. It was the highest recorded GDP in India, since the liberalisation of the economy in 1991. The highest GDP growth rate since independence was recorded at 10.2% in 1988-1989, under Rajiv Gandhi‘s Prime Ministership.

Manmohan Singh had also marked a milestone of becoming a 1 trillion economy in 2007. Continuous GDP growth of 8%-9% helped achieve this significant milestone backed by strong fundamentals of the Indian economy and an economist Prime Minister.

Read Also: Happy Birthday Manmohan Singh: Here’s a look at his political journey

5. India-US Nuclear Deal

The Indo US deal was one of the most defining moments of Manmohan Singh’s 10-year governance. Singh meticulously drove the step-by-step process by partnering with President George Bush to secure India’s future energy needs to be fulfilled substantially by peaceful use of nuclear energy.

In other India News, Taliban announced to change the Afghan passports and national identity cards issued by previous government. The new passports and national identity cards will have the name “Islamic Emirate of Afghanistan”, instead of Afghanistan.

India News

Supreme Court flags risk of lawlessness, pauses FIRs against ED officers in Bengal case

The Supreme Court paused FIRs against ED officers in the Bengal I-PAC raid case, warning that obstruction of central probes could lead to lawlessness and seeking responses from the Centre and state.

Published

on

Supreme Court

The Supreme Court on Wednesday delivered a sharp rebuke to the Mamata Banerjee-led West Bengal government, pausing FIRs lodged against officers of the Enforcement Directorate over searches linked to political consultancy I-PAC. The court said the case raises serious questions about interference in investigations and warned that failure to address them could lead to “lawlessness”.

A bench of Justice Prashant Mishra and Justice Vipul Pancholi sought replies from the Ministry of Home Affairs, the Department of Personnel and Training, Chief Minister Mamata Banerjee and the Trinamool Congress government on the ED’s plea. The central agency has also sought the suspension of Bengal Director General of Police Rajeev Kumar and Kolkata Police Commissioner Manoj Kumar Verma, and a probe by the CBI. The matter will be heard next on February 3.

The ruling follows a standoff between the ED and the Bengal government after the agency conducted searches at premises linked to I-PAC, which manages election campaigns for the Trinamool Congress, in connection with a corruption case.

Court questions obstruction of central probes

Recording its prima facie view, the Supreme Court said the petition raised a “serious issue” concerning investigations by central agencies and possible obstruction by state authorities.

“There are larger questions which emerge and if not answered shall lead to lawlessness. If central agencies are working bona fide to probe a serious offence, a question arises: Can they be obstructed by party activities?” the bench observed.

Earlier in the day, the court also expressed disturbance over scenes of chaos in the Calcutta High Court during a hearing related to the same dispute.

ED alleges interference, seeks action against top cops

The Enforcement Directorate accused the West Bengal administration of interfering with its searches and investigation. Appearing for the agency, Solicitor General Tushar Mehta alleged that evidence was removed from the residence of an I-PAC co-founder and argued that such actions could encourage state police officers to aid and abet obstruction. He sought suspension of senior police officials.

Describing the disruption in the Calcutta High Court on January 9, Mehta called it “mobocracy”, saying a group of lawyers unconnected to the case disrupted proceedings, forcing an adjournment. The bench asked whether the high court had been turned into a protest site, to which Mehta responded that messages had circulated calling lawyers to gather at a specific time.

Banerjee’s counsel defends move, cites election confidentiality

Senior advocate Kapil Sibal, appearing for Mamata Banerjee, questioned the timing of the ED’s presence in Bengal ahead of Assembly elections. He said the last development in the coal scam case dated back to February 2024 and argued that I-PAC handled election-related work under a formal contract with the Trinamool Congress.

According to Sibal, election data stored at the premises was confidential and critical to campaign strategy. He said the party leadership had a right to protect such information.

Representing the Bengal government and the DGP, senior advocate Abhishek Singhvi referred to the January 9 disruption but argued it could not justify parallel proceedings in different courts. The bench responded that emotions “cannot go out of hand repeatedly”.

Continue Reading

India News

Shashi Tharoor warns US tariffs on Iran could make Indian exports unviable

Shashi Tharoor has warned that cumulative US tariffs linked to Iran trade could rise to 75%, making most Indian exports to America commercially unviable.

Published

on

Shashi Tharoor

Congress MP and chairman of the Standing Committee on Foreign Affairs Shashi Tharoor has expressed serious concern over the United States’ latest tariff announcement targeting countries that continue to trade with Iran, warning that such measures could severely impact Indian exporters.

Reacting to the decision by US President Donald Trump to impose a 25% tariff on countries doing business with Iran, Tharoor said Indian companies would struggle to remain competitive if cumulative tariffs rise to 75%. He noted that India was already at a disadvantage compared to several regional competitors.

Tharoor said he had been troubled by the US tariff regime from the outset, pointing out that India was initially subjected to a 25% tariff while rival exporting nations in Southeast Asia were charged significantly lower rates. According to him, countries such as Vietnam, Thailand, Indonesia, Pakistan and Bangladesh faced tariffs ranging between 15% and 19% on labour-intensive goods exported to the US.

He explained that the situation had worsened with additional sanctions-linked duties. With the existing 25% tariff, another 25% related to Russia-linked sanctions, and a further 25% tied to Iran-related measures, the total burden could rise to 75%. At that level, Tharoor said, most Indian exports would no longer be commercially viable in the American market.

While noting that certain sectors such as pharmaceuticals may continue to export as they are not heavily impacted by sanctions, he warned that other key export categories would be hit hard. Tharoor described the situation as very serious and said it required urgent attention.

The Congress MP also expressed hope that the newly appointed US Ambassador could help facilitate progress on a bilateral trade agreement. He stressed that India could not afford to wait through the entire year for a deal and said an agreement should ideally be concluded in the first quarter of 2026.

Commenting on recent diplomatic engagements between India and the US, Tharoor underlined the need for faster consensus on trade issues. He said that at tariff levels as high as 75%, the idea of a meaningful trade deal loses relevance. According to him, a rate closer to what the UK enjoys with the US, around 15%, would reflect the respect due to a strategic partner.

Tharoor’s remarks come after President Trump announced that any country continuing business with Iran would face a 25% tariff on all trade with the United States, a move that has raised concerns among several trading partners.

Continue Reading

India News

Indian Army symbolizes selfless service and duty, says PM Modi on Army Day

PM Narendra Modi on Army Day praised the Indian Army as a symbol of selfless service and unwavering duty, saluting the courage and sacrifice of its soldiers.

Published

on

pm modi speech

On the occasion of Army Day, Prime Minister Narendra Modi on Thursday paid tribute to the Indian Army, describing its soldiers as a symbol of selfless service who protect the nation with unwavering resolve, even in the most challenging circumstances.

In a message shared on social media platform X, the prime minister said the country salutes the courage and steadfast commitment of Indian Army personnel. He noted that their dedication to duty inspires confidence and gratitude among citizens across the country.

“Our soldiers stand as a symbol of selfless service, safeguarding the nation with steadfast resolve, at times under the most challenging conditions,” PM Modi said. He added that the nation remembers with deep respect those who have laid down their lives while serving the country.

Army Day is observed every year on January 15 to commemorate a historic moment in India’s military history. The day marks the appointment of Field Marshal K M Cariappa as the first Indian Commander-in-Chief of the Indian Army in 1949, when he took over from British officer General Sir F R R Bucher.

The occasion serves as a reminder of the Indian Army’s role in defending the country’s sovereignty and honour, as well as the sacrifices made by its personnel in the line of duty.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com