Paying tributes to the late PV Narasimha Rao, Vice President M Venkaiah Naidu on Sunday stated daring financial reforms initiated by the previous primary minister have aided accelerate the country’s growth. Describing him as a multi-faceted individuality, Naidu explained Rao was a wonderful scholar, litterateur and multi-linguist.
He, having said that, did not get because of recognition, Naidu reported, according to an official statement. Releasing a Telugu reserve titled “Viplava Tapasvi: PV” written by journalist A Krishna Rao in Hyderabad, Naidu said the country was experiencing intense economic crisis and political uncertainty when Rao took over as the key minister.
Rao, on the other hand, exceeded the anticipations of lots of political pundits and correctly steered the country through a lot of challenges throughout his tenure, Naidu said, according to the statement. Rao was the prime minister amongst June 1991 and May 1996.
Born on June 28 1921, Rao passed away on December 23, 2004. Naidu explained Rao was an astute administrator. “Although, a person might not concur with some of the insurance policies applied by him, some of the broader initiatives taken by him had been in the larger interest of the nation. He facilitated the entry of India into Environment Trade Organisation,” the statement explained, quoting Naidu.
The vice president mentioned Narasimha Rao, among other folks, taken off license raj, took up banking reforms, energy privatisation, telecom modernisation and took techniques for boosting exports and attracting foreign expenditure. He also released reforms in the agriculture sector and removed constraints on transportation of foodstuff grains, the vice president observed.