Monday, January 5, 2009

Manmohan Singh

The only post that was not under the Sikhs till date is taken by this man. Manmohan Singh became the first Sikh Prime Minister of Independent India.

He has proved the intelligence of the Sikh people to this country not only once but many times. In 1990 India was finding it difficult even to pay the interest over the loans taken by the Government from various international institutions.

When country was on the verge of bankruptcy Manmohan Singh came to rescue.

He's the father of the present state of Indian Economy. As a finance minister in 1991 he introduced policies like liberalization and privatization and many other that brought a great employment opportunity into India and saved the life of millions of Indian youth who were opting to die than to face unemployment.

The revolution also brought huge amounts on foreign investments. He devalued the rupee to spur exports, loosened foreign investment rules, opened oil refining, telecommunications and the stock exchanges, slashed taxed and sought to cut through red tape ensnaring companies.

Under Manmohan Singh that year, the government of India entered into an understanding with the Reserve Bank of India to deny itself the right to 'draw' on the RBI to fund its deficit. This step paid to the unlimited monetization of fiscal deficit, and was a historic step.

The result was that the productivity in the Indian industry grew like never before.

A Little about his life.

He is one of the ten siblings born in Gah, West Punjab (now in Pakistan ) on September 26, 1932 to Mr Gurmukh Singh and Mrs Gursharan Kaur. He's from a poor family background that was not even able to provide him basic facilities to study. He had to study under street lights during his childhood. It was his determination that led him to study at Oxford and Cambridge on scholarships.

What all he has done in his life?

  • First class Honors degree in Economics, University of Cambridge, St John's College, Cambridge ( 1957)
  • Senior Lecturer, Economics ( 1957-1959, Punjab University, India)
  • Professor of International Trade (1969-1971, Punjab University, India)
  • D. Phil in Economics, Nuffield College at University of Oxford (1962)
  • Economic Advisor, Ministry of Foreign Trade, India (1971)
  • Chief Economic Advisor, Ministry of Finance, India (1972-1976)
  • Honorary Professor, Jawaharlal Nehru University, New Delhi (1976)
  • Director, Reserve Bank of India (1976-1980)
  • Director, Industrial Development Bank of India (1976-1980)
  • Secretary, Ministry of Finance (Department of Economic Affairs),Govt. of India
  • Governor, Reserve Bank of India (1982-1985)
  • Deputy Chairman, Planning Commission of India, (1985-1987)
  • Advisor to Prime Minister of India on Economic Affairs (1990-1991)
  • Finance Minister of India, (1991-1996)
  • Leadership of the Opposition in the Rajya Sabha (1998-2004)
  • Chief, Financing for Trade Section, UNCTAD, United Nations Secretariat, New York and Economic Affairs Officer (1996)
  • Prime Minister of India (22 May 2004 - present)

To honor Mr. Manmohan Singh University of Cambridge has announced a Manmohan Singh Scholarship.

He's not only a successful person but a successful father too. His eldest, Upinder Singh daughter is a eminent historian and has authored several books and if you wish you can read regarding her and her latest book. His youngest daughter Pritam Singh works as staff attorney at ACLU. She has put a lot against Bush Administration regarding destroying some important tapes and also regarding the torture of Prisoners by the American forces. Simply speaking I didn't like to post about them separately or a photo of them because my blog is regarding Sikhs and both of them have lost their Sikh identity. So no point of discussing about them here in detail. One thing more, this is not communal biasing if any of you is thinking on these lines. It's just about categorising people and leaving them out of the list. Nothing more, I hope so. Hey! before you turn to something else just look at the proud father.

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Sukhmandir Kaur said...

Very interesting and informative. I learned quite a bit more about the Singhs whose names I've heard, but whose faces I had not seen.

manish said...

good job navi.

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