Facebook Pixel The last expert | Business Standard - newspaper - Les denne historien på Magzter.com

Prøve GULL - Gratis

The last expert

Business Standard

|

December 30, 2024

Manmohan Singh showed that technocrats can change nations' destinies as effectively as any populist

- MIHIR S SHARMA

The last expert

The India of today, with all its successes and imperfections, is more a product of Manmohan Singh than of anybody else in recent history. He was always called an "unlikely" politician; but, through its successes and failures, his career is a useful reminder to us today that technocrats can change nations' destinies as effectively as any populist.

Objectively, if Singh was an unlikely politician, one might be forgiven for thinking that he was an even more unlikely liberaliser. He had spent an entire career, after all, as an economist-bureaucrat serving the grey, ersatz socialism that was India's official ideology prior to 1991. It was only when he was almost 60 that he began his second career in politics, and came to be identified with the reform process.

Singh's Budget speeches—not just the famous one from July 1991, which he concluded dramatically by paraphrasing Victor Hugo that "the emergence of India as a major economic power" was "an idea whose time has come", but also the one eight months later in which he defended the record of reform—still make for quite inspiring reading. He thanks Jawaharlal Nehru for "his vision and insistence that the social and economic transformation of India had to take place in the framework of an open society, committed to parliamentary democracy and the rule of law"; and adds that reform will "unshackle the human spirit of creativity, idealism, adventure and enterprise that our people possess in abundant measure". That speech ended, famously, with Bismil's revolutionary "sarfaroshi ki tamanna" couplet. But the lines prefacing that give us a sense of what reformists must have felt like at that point: "Tonight, I feel like going to the theatre. Let the assassins be informed, I am prepared to meet their onslaught."

FLERE HISTORIER FRA Business Standard

Business Standard

Jio Platforms appoints Dan Bailey president to lead global biz initiatives

Jio Platformson Tuesday appointed Dan Bailey as President, Jio Platforms, where he will lead the company’s international business initiatives.

time to read

1 mins

March 04, 2026

Business Standard

AAI seeks info on fuel stocks from airport operators

The Airports Authority of India (AAI) has directed operators of all major airports in the country to share updated information on the availability of aviation turbine fuel (ATF) and projected requirements for the coming week, according to industry sources, amid rising tensions in West Asia.

time to read

1 min

March 04, 2026

Business Standard

Business Standard

Consider ICC Code and local laws before advertising abroad

We refer to the DGFT Notification 60/2025-2 dated 23rd February 2026 reducing the RoDTEP rates to 50 per cent of the rates notified in Appendix-4R and 4-RE with immediate effect.

time to read

2 mins

March 04, 2026

Business Standard

Global equities, bonds sink as Iran war stokes inflation fears

Hormuz blockade, surging oil prices may weigh on Indian markets today

time to read

3 mins

March 04, 2026

Business Standard

Preparing for heatwaves

Timely and multi-pronged policy responses needed

time to read

2 mins

March 04, 2026

Business Standard

MoD signs ₹5,083 cr helicopter, missile deals with HAL, Russia

The Ministry of Defence (MoD) on Tuesday signed contracts worth %5,083 crore for Advanced Light Helicopters (ALH) Mk-III and Shtil vertical launch surface-to-air missiles for the Indian Coast Guard (ICG) and the Indian Navy.

time to read

1 mins

March 04, 2026

Business Standard

China’s road to Xi’s authoritarianism

Minxin Pei’s book The Broken China Dream: How Reform Revived Totalitarianism is a detailed account of how the limitations of the neoauthoritarian policies established under Deng Xiaoping provided an easy platform for Xi Jinping to reestablish neo-Stalinist rule.

time to read

3 mins

March 04, 2026

Business Standard

Business Standard

Angels in white: Indian nurses hold the line under the shadow of conflict

One nurse stuck in Iran, says Kerala official; others in the region reportedly safe

time to read

3 mins

March 04, 2026

Business Standard

Iran stepped up basmati imports under war cloud

Amid reports of tonnes of basmati rice stranded at Indian ports because of the ongoing West Asia crisis, data indicates that Iran, at the centre of the conflict and one of the largest buyers of Indian basmati, appears to be on a stocking spree for the staple grain.

time to read

2 mins

March 04, 2026

Business Standard

Business Standard

India ‘well stocked’ with crude oil to meet supply disruptions: Puri

India is well-stocked with inventories of crude oil and key petroleum products, including petrol, diesel, and aviation turbine fuel (ATF), to deal with short-term disruptions as the war intensifies in West Asia, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday.

time to read

3 mins

March 04, 2026

Listen

Translate

Share

-
+

Change font size