New Delhi: Vice President M. Venkaiah Naidu paid rich tributes to former Prime Minister P V Narasimha Rao and said the bold economic reforms initiated by him have helped in accelerating the country’s development, according to a statement from the Vice President’s Secretariat. Releasing a Telugu book titled “Viplava Tapasvi: PV” written by senior journalist A. Krishna Rao in Hyderabad, the Vice President said the country was facing a severe economic crisis and political uncertainty when Narasimha Rao took over as the Prime Minister. Rao had, however, exceeded the expectations of many political pundits and effectively steered the country through many challenges during his tenure, the Vice President added.
VP Naidu said the former Prime Minister was an astute administrator, according to the statement. Although one may not agree with some of the policies implemented by him, some of the broader initiatives taken by were in the larger interest of the country, said VP Naidu, adding that he facilitated the entry of India into the World Trade Organisation (WTO).
The Vice President said PM Narasimha Rao, among others, removed license raj, took up banking reforms, electricity privatisation, telecom modernisation, and took steps for boosting exports and attracting foreign investment, and noted that he also launched reforms in the agriculture sector and removed restrictions on the transportation of food grains.
VP Naidu recalled that the former Prime Minister also empowered the local bodies through the 73rd and 74th Constitutional Amendments. Describing the former Prime Minister as a multi-faceted personality, he said former PM Rao was a great scholar, litterateur, and multi-linguist. He, however, did not get due recognition, the Vice President added.
Lauding Krishna Rao for coming out with the book on Narasimha Rao, he urged the youth to read such books. He said books and memorial lectures about great men and women were meant to inspire others, according to the Vice President’s Secretariat.
Rajya Sabha MP K Keshava Rao; Krishna Rao; and publisher Raghavendra Rao were present.
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