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The last five-years however has been the best for corporate India in terms of net profit growth thanks to margins expansion and gains from a cut in corporate tax in September 2019
He introduced a dual exchange rate mechanism in February 1992 and unified exchange rate mechanism in February 1993, effectively engineering a further devaluation of about 30 per cent
Updated On: Dec 29 2024 | 11:43 PM ISTSingh's term as Prime Minister also witnessed several landmark decisions which, in a way, were built on the foundation he laid as finance minister
Updated On: Dec 29 2024 | 10:00 PM ISTManmohan Singh showed that technocrats can change nations' destinies as effectively as any populist
Updated On: Dec 29 2024 | 9:49 PM ISTWith a BJP leader accusing him of illegally acquiring 12.35 acres of government land in Bengaluru, Indian Overseas Congress chief Sam Pitroda on Wednesday said he does not own any land, home, or stocks in India. BJP leader N R Ramesh has alleged that Sam Pitroda, with the help of five senior government officers, including forest department officials, illegally acquired 12.35 acres of government land worth Rs 150 crore at Yelahanka in Bengaluru, Karnataka. Ramesh, a former councillor in the Bruhat Bengaluru Mahanagara Palike (BBMP), has lodged a complaint with the Enforcement Directorate and the Karnataka Lokayukta. In a statement put out on X, Pitroda said, "In light of recent reports in the Indian media, both on television and in print, I wish to categorically state the following: I do not own any land, home, or stocks in India." "Additionally, during my tenure working with the government of India -- whether with Prime Minister Rajiv Gandhi in the mid-1980s or with Dr. Manmohan Si
Senior Congress leader P Chidambaram on Monday asked in Rajya Sabha why the government has not conferred the Bharat Ratna award upon former prime minister Manmohan Singh for his contribution to the country. Retorting Chidambaram's comment, BJP member Dinesh Sharma said what the Congress has given to Singh beyond insulting him. In his address during the discussion on the Union Budget 2025-26 in Rajya Sabha, Chidambaram alleged that the present government has no philosophy and "thus no policies". "In 1991, we faced the gravest situation. A man entered this Parliament; he had an economic philosophy and followed it with policies. That required wisdom and farsightedness - qualities embodied by Dr Manmohan Singh," he recollected. Chidambaram further said, "To recapture the wisdom and farsightedness of Dr Manmohan Singh, I pose one last question to the government through the Finance Minister: Why has the Bharat Ratna not been conferred upon Dr Manmohan Singh?" Retorting, Sharma recollect
The economic policies framed by former Prime Minister Manmohan Singh formed the basis of India's growth and Tamil was accorded classical language status during his reign, Tamil Nadu Chief Minister M K Stalin said on Tuesday. Paying rich tributes to Singh at a memorial meeting organised by the TNCC here, he said the late Prime Minister had served as Finance Minister during the economic crisis. "Manmohan Singh brought various schemes for the welfare of the people. The economic policies formulated by him became the foundation for India's growth, Stalin, who is also the DMK president, said on Singh who died due to age-related ailments on December 26, 2024. In 2004 the Prime Minister's position came seeking him following the victory in the elections. Everybody including former Chief Minister M Karunanidhi urged Congress leader Sonia Gandhi to accept the position. But she declined and was magnanimous enough to give it to Manmohan Singh, Stalin said. Singh remained in power for a decade a
Several top dignitaries paid tributes to former prime minister Manmohan Singh at a prayer meet organised in his memory at the Gurdwara Rakab Ganj here on Friday. Among the top leaders who attended the prayer meeting (Kirtan and Antim Ardas) were Congress president Mallikarjun Kharge, Congress Parliamentary Party chairperson Sonia Gandhi, Punjab Chief Minister Bhagwant Mann, former Haryana chief minister Bhupinder Singh Hooda and former Rajasthan chief minister Ashok Gehlot. Shiromani Gurdwara Parbandhak Committee (SGPC) president Harjinder Singh Dhami and Delhi Sikh Gurdwara Management Committee (DSGMC) chief Harmeet Singh Kalka were also present. The DSGMC passed a resolution to start a scholarship in economics in Singh's name in all the colleges run by the committee in Delhi, besides putting up the former prime minister's photographs in all its institutions across the national capital. Kalka said the DSGMC has also decided to name its new educational institution after Singh in v
Leaders from across the political spectrum will pay their tributes to former prime minister Manmohan Singh at a prayer meeting on Friday. The 'Shabadv Kirtan and Antim Ardas' of Dr Singh would be held at the Gurdwara Rakab Ganj Sahib at 3 pm. Before the prayer meet, the family of the former PM would also hold a 'bhog' of the 'Akhand Path' kept in the memory of Singh at their 3, Motilal Nehru Marg residence. Singh, who steered the country as prime minister from 2004 to 2014, was considered the architect of India's economic reforms in the 1990s. He died at AIIMS Delhi December 26. He was 92.
Manmohan Singh was an eminent statesman who served his country with humility and integrity, said Singapore Foreign Minister Vivian Balakrishnan. He (Dr Singh) also strengthened India-Singapore ties, Dr Balakrishnan wrote in a condolence book at the Indian High Commission in Singapore. Our thoughts are with Dr Singh's family and the people of India during this period of loss, the minister said on Monday. The High Commission has opened the condolence book for two days -- December 30-31 -- for Singaporeans to pay respect to Singh who died on December 26. We sincerely appreciate Hon'ble Minister for Foreign Affairs of Singapore Dr Vivian Balakrishnan for visiting the HCI Singapore to sign the Condolence Book opened in memory of Dr Manmohan Singh, former Prime Minister of India, the High Commission said in a post on X and LinkedIn.