{"id":175800,"date":"2020-06-28T19:05:24","date_gmt":"2020-06-28T19:05:24","guid":{"rendered":"http:\/\/punjabpost.in\/welcome\/?p=175800"},"modified":"2020-06-28T19:05:24","modified_gmt":"2020-06-28T19:05:24","slug":"vice-president-pays-tributes-to-former-pm-narasimha-rao-on-his-birth-anniversary","status":"publish","type":"post","link":"https:\/\/punjabpost.in\/welcome\/175800","title":{"rendered":"Vice President pays tributes to former PM Narasimha Rao on his birth anniversary"},"content":{"rendered":"

VP recalls pioneering role of Shri Rao in initiating economic reforms<\/strong><\/span>
\nNew Delhi, June 28 (Punjab Post Bureau) – The Vice President, Shri M. Venkaiah Naidu paid glowing tributes to<\/p>\n

\"\"
File Photo<\/figcaption><\/figure>\n

former Prime Minister, Shri P V Narasimha Rao on his birth anniversary today and recalled the pioneering role played by him in initiating economic reforms at a critical juncture when the Indian economy was on the brink of a collapse.<\/p>\n

                 In a Facebook post, Shri Naidu referred to the measures initiated by Shri Rao to liberalize the economy. \u201cHe sought to dismantle the restrictions imposed under the license raj, reduce red tape and make Indian industries more competitive\u201d, he recalled.<\/p>\n

             Observing that the former Prime Minister had laid the foundation for trade liberalization and the re-integration of the Indian economy with the global economy, especially East Asian economies, the Vice President said: \u201cThis was a major shift from the inward orientation of the previous regimes to a new trajectory of globally integrated development\u201d. <\/p>\n

                 He was a reformer and wanted India to learn from what was happening elsewhere in the world.  He wanted the crisis to be turned into an opportunity, Shri Naidu said.<\/p>\n

The Vice President said that a huge credit should go to Shri Rao for the growth of India\u2019s GDP in the subsequent years and the emergence of the country as the fastest growing economy in the recent past.<\/p>\n

               Pointing out that gradually a broad consensus emerged in the country on the need to continue with the reforms, he said the former Prime Minister, Shri Atal Bihari Vajpayee accelerated the reforms, while the present Prime Minister, Shri Narendrabhai Modi is implementing the reforms with greater vigour. <\/p>\n

                 Observing that Shri Rao laid a strong foundation for national nuclear security as well, the Vice President said: \u201camong his bold moves in foreign policy were establishing diplomatic relations with Israel and reversing decades of frosty relations between India and the United States by bringing them together\u201d.<\/p>\n

                    The former Prime Minister was also fairly successful in controlling the separatist movements in Punjab and Kashmir, he added.<\/p>\n

                The Vice President said the launch of the Look East policy and the path-breaking 73rd<\/sup> and 74th<\/sup> Constitutional amendments empowering local bodies during Shri Rao\u2019s tenure as the Prime Minister are worthy of mentioning.<\/p>\n

Posted On: 28 JUN 2020 10:02AM by PIB Delhi<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

VP recalls pioneering role of Shri Rao in initiating economic reforms New Delhi, June 28 (Punjab Post Bureau) – The Vice President, Shri M. Venkaiah Naidu paid glowing tributes to former Prime Minister, Shri P V Narasimha Rao on his birth anniversary today and recalled the pioneering role played by him in initiating economic reforms …<\/p>\n","protected":false},"author":1,"featured_media":175419,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[26,11],"tags":[],"class_list":["post-175800","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-articles","category-english"],"yoast_head":"\nVice President pays tributes to former PM Narasimha Rao on his birth anniversary | Punjab Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/punjabpost.in\/welcome\/175800\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vice President pays tributes to former PM Narasimha Rao on his birth anniversary | Punjab Post\" \/>\n<meta property=\"og:description\" content=\"VP recalls pioneering role of Shri Rao in initiating economic reforms New Delhi, June 28 (Punjab Post Bureau) – The Vice President, Shri M. 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