Manmohan Singh: Goodbye Manmohan Singh! A phone call that changed the country and the life of the former PM; the story is from 1991


Posted on 27th Dec 2024 10:44 am by rohit kumar

Former Prime Minister of the country Manmohan Singh died on the night of 26 December at around 10 pm. Born on 26 September 1932 in Pakistan, Manmohan Singh's biggest day in life came in June 1991.

 

Manmohan Singh had returned to Delhi after attending a conference in the Netherlands and went to sleep in his room. That night he received a call. After a long time, Singh's son-in-law Vijay Tankha picked up his phone. The voice on the other side was of PV Narasimha Rao's confidant PC Alexander. Alexander urged Vijay to wake up his father-in-law Manmohan Singh.

 

Did you know?Explore Trending and Topic pages for more stories like this.

One meeting had changed Singh's life.

 

Manmohan Singh and Alexander met a few hours later and the officer told Singh about Narasimha Rao's plan to appoint him as the Finance Minister. Singh, who was the chairman of UGC at the time and had never been in politics, did not take Alexander seriously but Rao was serious. This incident happened just a day before the swearing-in ceremony.

 

On June 21, he was at his UGC office. He was told to go home, get dressed, and attend the swearing-in ceremony, Manmohan Singh says in his daughter Daman Singh's book 'Strictly Personal, Manmohan and Gursharan'.

 

Everyone was surprised to see me as a member of the new team ready to take the oath of office. My portfolio was allocated later, but Narasimha Rao ji told me straight away that I was going to be the finance minister.

 

That appointment changed the direction of India's economy. From a parochial, control-heavy, low-growth economy it has become the world's fastest-growing major economy today.

 

Along with Rao, Singh was the architect of the 1991 reforms, which faced attacks from within and outside the Congress. The economy was in shambles, foreign exchange reserves had fallen to Rs 2,500 crore, barely enough to cover 2 weeks of imports, global banks were refusing to lend, and inflation was rising.

 

PC Alexander had suggested Singh's name.

PC Alexander was Narasimha Rao's advisor at that time. Narasimha Rao told him that an international-level person is needed for the post of Finance Minister. Alexander suggested the name of former RBI Governor IG Patel, but he refused due to his mother's illness. Then Alexander suggested Manmohan Singh's name.

 

Political journey

 

Manmohan Singh's political journey started after taking oath as Finance Minister. He became a Rajya Sabha member from Assam in 1991. His tenure as Finance Minister was from 1991 to 1996. As Finance Minister, Manmohan Singh became the leader of economic liberalization. He ended the license raj, foreign investment increased and jobs came. After this, Manmohan Singh was the leader of the opposition from 1998 to 2004 and then the PM of the country from 2004 to 2014.

 

No power in the world can stop that idea...

 

In his first budget, Manmohan Singh quoted Victor Hugo's famous line that "No power in the world can stop an idea whose time has come." In his budget speech, he repeatedly named Rajiv Gandhi, Indira, and Nehru, but did not hesitate to reverse their economic policies.

1 Like 0 Dislike
Previous news Next news
Other news

FSSAI Special Drive: Taking strict action against increasing complaints of adulteration in milk and cheese, a special inspection campaign will be conducted in all states.

The purity of milk, paneer (Indian cottage cheese), and khoya (reduced milk solids) reaching cons

Manipal Health IPO Listing: Shares Debut With 11% Gain at ₹655; Check Company’s Valuation

Manipal Health IPO investors received a major surprise on the listing day as Manipal Health share

IND vs WI: Gill won his first test series as captain, eliminated West Indies, and Jadeja player of the series

India defeated West Indies by seven wickets in the second test played in Delhi. India achieved th

Uttarkashi Cloud Burst: There was noise of run-run... and a 15-foot-high flood swept away everything; a soldier told the horror of the disaster

Describing the horror of the disaster, Shivansh, an injured soldier from the army camp in Harshil

Haryana Budget Session: The Saini government will present the budget on the 17th, Congress MLAs will participate in the session without a leader

The budget session of Chief Minister Naib Singh Saini government is starting from Friday, March 7

PM Modi: 'Now the EVs that will run in dozens of countries of the world will have 'Made in India' written on them', said PM Modi in Gujarat

On the second day of his Gujarat visit, Prime Minister Narendra Modi was honored in Ahmedabad. On

IND vs ENG: Kohli can leave Sachin behind in this matter during the ODI series, keep an eye on 19-year-old record

Indian team's star batsman Virat Kohli can register a special achievement in his name during the

Despite the BCCI's wishes, why can't Vaibhav Suryavanshi make his debut for the Indian team? Here's the answer.

Vaibhav Suryavanshi played a crucial role in India's sixth Under-19 World Cup victory with his ex

PM Modi on Pongal: After performing cow worship at Murugan's house, PM Modi said, "Pongal is now a global festival"; he also emphasized the importance of protecting nature.

Prime Minister Narendra Modi attended the Pongal festival at the residence of Union Minister of S

'Conspiracy to weaken democracy', BJP cornered Rahul Gandhi over US aid; Know the truth

The BJP on Thursday said that US President Donald Trump's remarks on USAID funding to India confi

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash