TFIPOST हिन्दी
TFIPOST Global
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Karnataka Powerplay Spills Over To Delhi With A 'Babu vs Babu' Clash

    Karnataka Turf War Erupts in Delhi: CM vs DCM Aides Involved in Ugly Clash

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    Kanhaiya Lal’s Son Questions Delays in Justice

    Udaipur Files Gets SC Go-Ahead, Kanhaiya Lal’s Son Asks: Where’s Justice for My Father?

    Indira Jaising's Demand to Lower Consent Age Draws BJP Flak, Govt Concern

    BJP Hits Out at Indira Jaising’s Plea to Lower Age of Consent; Centre Fears It May Fuel Trafficking

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ‘Rudra’ Brigades Announced: Army Chief Unveils New All-Arms Force on Kargil Vijay Diwas

    ‘Rudra’ Brigades Announced: Army Chief Unveils New All-Arms Force on Kargil Vijay Diwas

    From 1999 to Operation Sindoor: Kargil Vijay Diwas Marks India’s Unyielding Defence Legacy

    From 1999 to Operation Sindoor: Kargil Vijay Diwas Marks India’s Unyielding Defence Legacy

    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    “Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

    “Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Modi-Muizzu Meet Yields Breakthrough Pacts, From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Karnataka Powerplay Spills Over To Delhi With A 'Babu vs Babu' Clash

    Karnataka Turf War Erupts in Delhi: CM vs DCM Aides Involved in Ugly Clash

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    “Ireland Isn’t Safe”: Indian National Issues Warning on Safety After Mob Attack in Dublin

    Kanhaiya Lal’s Son Questions Delays in Justice

    Udaipur Files Gets SC Go-Ahead, Kanhaiya Lal’s Son Asks: Where’s Justice for My Father?

    Indira Jaising's Demand to Lower Consent Age Draws BJP Flak, Govt Concern

    BJP Hits Out at Indira Jaising’s Plea to Lower Age of Consent; Centre Fears It May Fuel Trafficking

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    India Bans 25 OTT Platforms

    India Bans 25 OTT Platforms Including ULLU, ALTT & Desiflix for Obscene Content

    Union Commerce Minister Piyush Goyal and UK Trade Secretary Jonathan Reynolds formally signed the Free Trade Agreement

    India, UK Sign Historic FTA; Modi Sends Stern Message on Terror, Corruption, and Democracy Abuse

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    What Can the Hindustan Zinc Share Price Tell Us About Strategic Resource Investing in India

    How to Choose the Best Bank to Open a Savings Account in 2025

    How to Choose the Best Bank to Open a Savings Account in 2025

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    ‘Rudra’ Brigades Announced: Army Chief Unveils New All-Arms Force on Kargil Vijay Diwas

    ‘Rudra’ Brigades Announced: Army Chief Unveils New All-Arms Force on Kargil Vijay Diwas

    From 1999 to Operation Sindoor: Kargil Vijay Diwas Marks India’s Unyielding Defence Legacy

    From 1999 to Operation Sindoor: Kargil Vijay Diwas Marks India’s Unyielding Defence Legacy

    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    “Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

    “Operation Sindoor Ongoing, Military Must Maintain High Readiness”: CDS General Anil Chauhan

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    China’s Failed Gamble in the Maldives: A Broader Pattern in South Asia

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    Pakistan Backs Off: Islamabad Caves In on TRF After U.S. Terror Tag

    From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Modi-Muizzu Meet Yields Breakthrough Pacts, From ‘India Out’ to Red Carpet Welcome: The Turnaround

    Bail Rejected by Chattogram Sessions Court for Chinmoy Krishna Das

    Chinmoy Krishna Das Denied Bail Again Amid Growing Persecution of Hindus in Bangladesh

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    Schools in Delhi May Soon Bear Names of Local Kargil Martyrs, Says Minister on Vijay Diwas

    NCERT Textbook Reveals Mughal Religious Intolerance

    Ruthless Babur, Violent Akbar, Destructive Aurangzeb: NCERT Textbook Reveals Mughal Religious Intolerance

    India Built Gardens Long Before Babur Dreamt of Charbagh

    Before the Mughals: India’s Civilisation Built Gardens Long Before Babur Dreamt of Charbaghs

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    Revisiting the MANUSMRITI: Why India’s Youth Must Study This Ancient Epic

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Entertainment
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    India Cautions Citizens in Cambodia Amid Tensions Along Thai Border

    India Cautions its Citizens in Cambodia Amid Tensions Along Thai Border

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    India Becomes First Country to Digitally Preserve Traditional Medicine Using Artificial Intelligence

    Highest RTP Casino Games to Get Better Wins

    Highest RTP Casino Games to Get Better Wins

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    How to Use Eyebrow Tinting Kits Like a Salon Expert

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
Tfipost.com
No Result
View All Result
  • Premium
  • Politics
  • Economy
  • Defense
  • Geopolitics
  • Knowledge
  • Law
  • Lounge

PV Narasimha Rao: The Savior India waited for over 40 Years

Atul Kumar Mishra by Atul Kumar Mishra
28 June 2015
in Opinions
PV Narasimha Rao: The Savior India waited for over 40 Years
Share on FacebookShare on X

He had a constant threat of imprisonment hanging over his head. His colleagues gossiped about his involvement in the assassination of Rajiv Gandhi. In a speech to mark the 125th anniversary of the Congress, the party president Sonia Gandhi, praised contributions of all Congress prime ministers except PV Narasimha Rao. All his contributions were either accredited to Rajiv Gandhi or Manmohan Singh.

When he died, there were no arrangements made to receive the body and place it atop a platform for public darshan. No flowers were provided by the congress government. There was no shamiana, there were no carpets. There was no one to control the mourning crowds. The congress president came for a couple of minutes and vanished.

RelatedPosts

Elated by Mohan Bhagwat’s Statement, will Congress leaders now ask 78-year-old Sonia Gandhi to retire?

Sonia Gandhi’s ‘Surrendering Values’ Jab: A Muslim Vote-Bank Play, Not a Moral Stand

Where Is Rahul Gandhi? On His 55th Birthday, the ‘Youth Leader’ Still Seems ‘Missing’

Load More

And thus died, PV Narasimha Rao, the most underrated prime minister of India, a genius politician, a true statesman and the architect of modern India.

PV Narasimha Rao was the first and only right winger prime minister from the Congress clan. A nationalist to the core, he was born in the Hyderabad state of British India. Not many know that this astute politician and economist par excellence was also a trained Guerrilla fighter. He had ambushed the Nizam’s army along with his accomplices, many-a-times. His political prowess and planning genius was identified and nurtured under the guidance of Indira Gandhi. PV Narasimha Rao was fluent in 13 languages, was well versed with subjects related to economics, law, history, politics and arts. In the political circles, Rao was fondly addressed as the scholar amongst the politicians.

pv2

In late 1980s, Soviet Union began to crack and by 1991 it was split into 15 nations. Also the Iraq and Kuwait were busy fighting the Big Daddy, US. As a result of which oil prices skyrocketed. India’s primary buyer was down and out, and heavy money spent on costly oil imports drained the Indian economy. Hence India was on its knees. India at the same time was also suffering from a leadership slump. Rajiv Gandhi was out on charges of corruption. Incompetent politicians were playing the game of musical chairs with the top seat of the nation.

Read how VP Singh played with the interests of the nation while he was the Prime Minister

PV Narasimha Rao entered the prime minister office amongst the turmoil. He started working on a plan which was to be known as the liberalisation of the Indian economy later on. The reforms progressed furthest in the areas of opening up to foreign investment, reforming capital markets, deregulating domestic business, and reforming the trade regime. Public sector was privatized. And more money was pumped into infrastructure. India was opened to foreign trade thereby stabilizing the dwindling economy. After I.G. Patel (ex-governor of Reserve Bank of India) declined Rao’s offer of occupying the finance minister chair, Rao chose Manmohan Singh, a champion economist and a reformer at heart as the Finance minister of India. PV Narasimha Rao had an eye for talent and his disciple met all the expectation of his preceptor.

Rao1

His reforms can be briefly summarized in the following bullet points:

  • Abolishing the Controller of Capital Issues which decided the prices and number of shares that firms     could issue.
  • Introducing the SEBI Act of 1992 and the Security Laws (Amendment) which gave SEBI the legal authority to register and regulate all security market intermediaries.
  • Opening up in 1992 of India’s equity markets to investment by foreign institutional investors and permitting Indian firms to raise capital on international markets by issuing Global Depository Receipts (GDRs).
  • Starting in 1994 of the National Stock Exchange as a computer-based trading system which served as an instrument to leverage reforms of India’s other stock exchanges. The NSE emerged as India’s largest exchange by 1996.
  • Reducing tariffs from an average of 85 percent to 25 percent, and rolling back quantitative controls. (The rupee was made convertible on trade account.)
  • Encouraging foreign direct investment by increasing the maximum limit on share of foreign capital in joint ventures from 40 to 51% with 100% foreign equity permitted in priority sectors.
  • Streamlining procedures for FDI approvals, and in at least 35 industries, automatically approving projects within the limits for foreign participation.

(Source: pvnarasimharao.in)

The impact of these reforms can be judged from the fact that total foreign investment in India grew from an infinitesimal US $132 million in 1991–92 to $5.3 billion in 1995–96.

PV Narasimha Rao was not just an economist par excellence but was someone who had a great respect for the armed forces of the nation as well. He was the first Congress Prime Minister to increase military spending. It was during his term that militancy in Punjab was finally crushed. PV Narasimha Rao energised the national nuclear security and ballistic missiles program, which paved the path for the successful 1998 Pokhran nuclear tests. PV Narasimha Rao was a tough negotiator and was known to be absolutely unyielding. He directed negotiations to secure the release of Doraiswamy, an Indian Oil executive, from Kashmiri terrorists. He also directed the negotiations for the release Liviu Radu, a Romanian diplomat, who was kidnapped by Sikh insurgents. Rao successfully oversaw the release of the Hazratbal Shrine in Kashmir without causing a single scar on the holy shrine. And he was the first person in Indian Polity to shake hands with Israel and openly call it, an ally.

 

HY24_P_V__NARASIMHA_873250f

It is a shame that the current generation (or at least the most of it) doesn’t really know PV Narasimha Rao and/or identify his contributions to this great nation of ours. The congress top brass has made every possible effort to make sure that this man goes down in History as a nobody. After all PV Narasimha Rao changed the name of the Congress Party from Congress (Indira) to Bhartiya Rashtriya Congress (Indian National Congress) and rejected the candidature of Sonia Gandhi as the Congress President with this golden quote of his “Congress Party should be treated like a train where the compartments have to be attached to an engine belonging to the Nehru-Gandhi family or were there other alternatives?”

But the nation of 1.25 billion will never forget its saviour, a genius, a legend and arguably the best prime minister of India.

Tags: 1991 Indian Economyliberalisation of the Indian economyManmohan SinghPV Narsimha RaoSonia Gandhi
Share104TweetSend
Previous Post

The best 101 movies of Indian Cinema (Hindi)

Next Post

Kavita Krishnan – Welcome to the elite club of communist krantikaris

Related Posts

A Response to Dr. Ruchika Sharma’s Reading of History
Opinions

On Truth and Taxes: A Response to Dr. Ruchika Sharma’s Reading of History

23 July 2025

In her recent piece in The Indian Express, historian Ruchika Sharma takes aim at the revised NCERT Class VIII...

How Manusmriti Differs from the Epics
Opinions

How Manusmriti Differs from the Epics

17 July 2025

Ancient Indian texts are among humanity’s richest intellectual and moral legacies. From the Vedas and Upanishads to the Mahabharata,...

Western Media’s Civilizational Insecurity Against India
Opinions

Western Media’s Civilizational Insecurity Against India Masked as Journalism

16 July 2025

Western media's relentless bias against India stems from deep-rooted civilizational jealousy and colonial guilt. Unable to accept a rising,...

Load More

Comments 8

  1. sharad kumar says:
    10 years ago

    He should had been conferred the Bharat Ratna along with ABV.

    Reply
    • Gyan says:
      10 years ago

      If there’s any chance of conferring Bharat Ratna on PVNR, that will be under a BJP Government at the Centre. A Congress Government will never honour him.
      Also there are more BJP supporters of PVNR than in his own party!

  2. alpha says:
    10 years ago

    I did know him before but not the way I see him now. He is a great soul and a true patriot. Thank you PVNR for the love you had for our country our nation.

    Reply
  3. Ram says:
    10 years ago

    When he lost power, he ensured that the nuclear preparedness was propeller transferred to his successor, rising above the political divide which has been completely absent among politicians in the last decade. A true patriot.

    Reply
  4. Chinmay Khandelwal says:
    10 years ago

    wat about the chandraswamy scam and the hawala scam?

    Reply
  5. koko says:
    10 years ago

    PV Roa a right winger?? Thats new….

    Reply
    • ThinkBig says:
      10 years ago

      Right wing/left wing is west concept.
      India has much better concept. Dharma vs Adharma. He did supported dharma in his role.

  6. Arun Dewan says:
    10 years ago

    He was a game changer! According to me, he was the best PM that India had – and I am a BJP supporter!
    My only regret is that he had only one term as PM – that too, in the latter part, he was busy defending the Govt with rebels from the Congress (instigated by Sonia) were making governing difficult for him. If he had continued for 2 or 3 terms, we would have been a much more prosperous and safer India today!

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Currently Playing

Will India Buy F-35s from US or Build Su-57s with Russia? IAF’s Big Push Explained

Will India Buy F-35s from US or Build Su-57s with Russia? IAF’s Big Push Explained

00:08:32

PM Modi’s Blueprint for Tamil Nadu Begins at Rajendra Chola’s Capital Gangaikonda Cholapuram

00:07:57

One Woman. Two Brothers. Jodidaran- A Living Example of Polyandry in Himachal's Hatti Tribe.

00:05:32

Lashkar-e-Taiba on the Run from Muridke: Is Bahawalpur Becoming Pakistan’s New Terror Capital?

00:07:26

Britain’s Million-Dollar Bird Finally Takes Off!

00:06:43
Facebook Twitter Instagram Youtube
tfipostTfipost.com
Right Wing | News Analysis | Indian Opinion
  • About us
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy
  • Sitemap
MASHABLE IS A GLOBAL, MULTI-PLATFORM MEDIA AND ENTERTAINMENT COMPANY. FOR MORE QUERIES AND NEWS, CONTACT US AT info@mashablepartners.com


©2025 TFI Media Private Limited

No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFIPOST हिन्दी
TFIPOST Global

©2025 TFI Media Private Limited