India agonize the loss of 13th Ex-PM Dr. Manmohan Singh who has passed away on Thursday 26th December 2024 in AIIMS Delhi, He was a distinguished economist, academic, and politician who served as the 13th Prime Minister of India from 2004 to 2014, Dr Singh played a crucial role in remodel India’s economy, initial as Finance Minister (1991–1996) and later as Prime Minister (2004–2014). Lets discuss top five game changer decisions taken by Ex-PM Manmohan singh which reshaped India’s economic, below we are going to discuss Top 5 Best Economic Decisions Taken by Ex-PM Manmohan Singh
- RTI Act
- US-India Civil nuclear deal
- MGNREGA
- National Food Security Act, (NFSA)
- Economic Reforms
RTI Act :
RTI means Right To Information, this Act was launch by Ex-PM Manmohan singh government on 2005, with the help of this Act Indian citizen can seek information from public sector employee (a body of Government or State) , the primary goal of this Act to empower citizens and maintain transparency between Indian citizen and public sector employee and public authority should provide response within 30 days of submitted RTI request and if matter involving the petitioner’s life and liberty then reply should be given within 48 hours. This is the first economical decision by Dr Singh government out of Top 5 Best Economic Decisions Taken by Ex-PM Manmohan Singh.
US-India Civil nuclear deal:
During PM tenure Dr Singh government signatures bilateral deal between the United States and India that was finalized in 2008. The main purpose of this deal was to strengthen bilateral relations while addressing India’s growing energy needs through access to nuclear technology, fuel, and materials.
MGNREGA:
MGNREGA stands for Mahatma Gandhi National Rural Employment Guarantee Act, this Act was launched on February 2006 during Dr Manmohan singh government. This Act helps Indian rural citizen to provide guaranteed wage employment, its provide minimum 100 days wage employment in a financial year within 5 Km rage of applicant residence, with the help of daily wages employees government created durable assets like roads, canals, ponds mostly in villages. MGNREGA is the most popular out of Top 5 Best Economic Decisions Taken by Ex-PM Manmohan Singh.
National Food Security Act, (NFSA):
National Food Security Act (NFSA) was launch by Dr Singh government on 2013 which is also known as Right to Food Act. main motive of this act is to provide nutrition food in subsidized way to approximately two thirds of the country’s 1.4 billion people. Up to 75% of the rural population, as well as 50% of the urban population, are entitled to receive subsidized food grains. This Acts plays a vital role in BPL (Below Poverty Line) card holders in India for their livelihood.
Economic Reforms:
In the year 1991, India faced an unexpected financial crisis and then ruling Prime Minister P.V. Narasimha Rao chose Manmohan Singh as the Finance Minister of India and gave him the responsibility of strengthening India’s faltering economy, he was architect of economic reforms in 1991 and he was taken step ahead and devalued the rupee by 20 per cent giving the trade a major boost that also led to the creation of employment. This is the last game changer out of Top 5 Best Economic Decisions Taken by Ex-PM Manmohan Singh.
Summery :
Dr. Manmohan Singh played a major role in the Indian economy throughout his political life and as a Prime Minister and economist, he took steps towards making India a developed nation. The news of his demise has come as a big shock to the Indian economic world and all of us Indians can never forget his contribution.
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