The fantastic four who gave India its real Independence

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[b]Pamulaparthi Venkata Narasimha Rao [/b]
Rao's major achievement is generally considered to be the liberalization of the Indian economy. The reforms were adopted to avert impending international default in 1991.[4] The reforms progressed furthest in the areas of opening up to foreign investment, reforming capital markets, deregulating domestic business, and reforming the trade regime. Rao's government's goals were reducing the fiscal deficit, Privatization of the public sector, and increasing investment in infrastructure. Trade reforms and changes in the regulation of foreign direct investment were introduced to open India to foreign trade while stabilizing external loans. Rao wanted I.G. Patel as his finance minister.[24] Patel was an official who helped prepare 14 budgets, an ex-governor of Reserve Bank of India and had headed The London School of Economics and Political Science[24]. But Patel declined. Rao then chose Manmohan Singh for the job. Manmohan Singh, an acclaimed economist, played a central role in implementing these reforms.


[b]Dr Manmohan Singh[/b]
n 1991, India's then-Prime Minister, P.V. Narasimha Rao, chose Singh to be the Finance Minister. At the time, India was facing an economic crisis. Rao and Singh implemented policies to open up the economy and change the socialist economic system to a capitalist economy. The economic reform package included dismantling the Licence Raj that made it difficult for private businesses to exist and prosper, removal of many obstacles for Foreign Direct Investment (FDI) and initiating the process of the privatisation of public sector companies. However, in spite of these reforms, Rao's government was voted out in 1996 due to non-performance of government in other areas.
In 1993 Dr. Singh offered his resignation from the post of Finance Minister after a parliamentary investigation report criticised his ministry for not being able to check and anticipate a $1.8 billion dollar securities scandal.The then Prime Minister P. V. Narasimha Rao refused the resignation, instead promising to punish the individuals mentioned in the report

[b]Montek Singh Ahluwalia[/b] Finance Secretary at Ministry of Finance,


[b]Palaniappan Chidambaram[/b]
In June 1991, Chidambaram was inducted as a Minister of State (Independent Charge) in the Ministry of Commerce, a post he held till July, 1992. He was later re-appointed Minister of State (Independent Charge) in the Ministry of Commerce in February 1995 and held the post until April 1996. He made some radical changes in India's export-import (EXIM) policy, while at the Ministry of Commerce.

[alister]

evari swardalaki vallu mana desani nasnam chesaru polticians sucks to core cheta na kodukulu anta  *7*^ !q# !q#

[andhrabalayya]

NTR YSR tappa

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[quote author=andhrabalayya link=topic=113256.msg1206106#msg1206106 date=1288132892]
NTR YSR tappa
[/quote]

ikkadiki vellu enduku vacharu  sFun_duh sFun_duh sFun_duh

[sandhya]

sCo_hmmthink sCo_hmmthink sCo_hmmthink

[andhrabalayya]

sorry forgot to quote alister
[quote author=BENZBABU link=topic=113256.msg1206130#msg1206130 date=1288133399]
ikkadiki vellu enduku vacharu  sFun_duh sFun_duh sFun_duh
[/quote]