Tribute to PM PV Narasimha Rao
- India pays tribute to former Prime Minister PV Narasimha Rao on his 100th birth anniversary on June 28 and remembers his immense contribution to national development.
- PV Narasimha Rao was an astute administrator, statesman, visionary and the undisputed torchbearer of economic reforms in India.
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PV Narasimha Rao was born on 28th June 1921 in erstwhile Nizam's Hyderabad state.
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He was a freedom fighter, academician, and literary figure. He was the 10th Prime Minister of India from 1991 to 1996.
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He published ‘SahasraPhan’, a Hindi translation of the famous Telugu Novel ‘Veyi Padagalu’.
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Economic Reforms:
- He sought to dismantle the restrictions imposed under the license raj, reduce red tape and make Indian industries more competitive.
- He is known for bringing the policy of economic liberalisation in India.
- The economic liberalisation in India is referred to the liberalisation of the country's economic policies.
- It was initiated in 1991 with the goal of making the economy more market- and service-oriented and expanding the role of private and foreign investment.
- Foreign Policy:
- In terms of foreign policy, he established diplomatic relations with Israel.
- The Look East Policy of India was also initiated during his tenure.
- He is also known for reversing decades of unfriendly relations between India and the United States by bringing them together.
- Constitutional Reforms:
- The 73rd and 74th Constitutional Amendments Act empowering local bodies were enacted during his tenure.