Stating that the reforms in numerous sectors initiated by former Prime Minister late PV Narasimha Rao had been irreversible, Vice President M Venkaiah Naidu on Sunday mentioned the reforms course of was being applied extra vigorously by the current Narendra Modi authorities.
“The daring financial reforms launched by Rao had accelerated the nation’s improvement on numerous fronts. It was throughout his regime that reforms in agriculture sector had been launched and restrictions on transportation of meals grains had been eliminated,” Naidu mentioned whereas releasing a ebook “Viplava Tapasvi,” written in Telugu by senior journalist A Krishna Rao. The ebook highlights the totally different sides of the previous prime minister.
Naidu reminded that the reforms course of was later carried ahead by the Vajpayee authorities and is now being applied extra vigorously by the current Modi authorities. “He had eliminated license raj, took up banking reforms, electrical energy privatization, telecom modernization and steps for reinforcing exports and attracting overseas funding. He facilitated the entry of India into the World Commerce Group,” he identified.
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Naidu mentioned Rao had a agency perception that the federal government mustn’t do enterprise however deal with the welfare and improvement of the nation. “The target of the financial reforms was to contain the non-public sector within the improvement course of. He liberalised economic system and concerned the non-public sector in key areas,” he identified.
The vice chairman reminded that when Narasimha Rao took over because the prime minister, the nation was going by means of extreme financial disaster and political uncertainty. “He surpassed the expectations of many political pundits and successfully steered the nation by means of many challenges throughout his tenure,” he mentioned.
Describing the previous PM as a multi-faceted persona, he mentioned Rao was a terrific scholar, litterateur and multi-linguist.
“Sadly, he didn’t get due recognition in his occasion and likewise as an administrator,” Naidu mentioned.
PV Narasimha Rao Centenary Celebrations Committee chairman and Rajya Sabha MP Ok Keshava Rao and writer Raghavendra Rao attended the perform.
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