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Showing posts with the label 2g scam

In Defence Of Dr. Manmohan Singh

India was in deep financial crisis and facing a shameful default in the early 1990s when the ex-RBI governor, Dr Manmohan Singh became the Finance Minister of the newly elected Government. He brought in a wave of sweeping reforms that saved the face and economy of the nation. It was due to his astute policies that privatisation, liberalisation,deregulation and tax reforms took place. The economy was saved and India grew to become one of the strongest economies in the world by 2007 with Dr. Manmohan at the helm as the Prime Minister of a Congress-led UPA coalition. Despite surviving the financial crisis of 2008, India has found itself in a soup with spiraling inflation (as faced by almost every other country on this planet) and large-scale corruption at every level of government and society. The 2G Telecom scandal and the Commonwealth scams have rocked the UPA government hard and it had almost sunk when Anna Hazare started his anti-corruption drive insisting on a Lok Pal bill draf...