00:00Former Prime Minister Manmohan Singh breathed his last in the Ames Hospital in Delhi at the age of 92.
00:10His journey from a professor of economics to the finance minister of the country and then the prime minister of the country for 10 years at Delhi University was quite magnificent.
00:20Manmohan Singh was the only Prime Minister whose notes were signed in the country.
00:26Or say that Manmohan Singh was the only Prime Minister whose sign is on the country's currency.
00:32Let's know why the sign was on the note of the former Prime Minister.
00:36Not everyone gets the glory of signing on the country's currency, i.e. money.
00:41In India, this glory is achieved only by the governor of the Reserve Bank.
00:46In India, the signature of the governor of the Reserve Bank is on every note of every currency.
00:51The governor keeps changing from time to time.
00:54As soon as a governor changes, the signature of the new governor is on the printed currency.
00:59At the moment, Sanjay Malhotra is the governor of the Indian Reserve Bank and his signature is on the new currency.
01:04But why was Manmohan Singh's signature on the currency?
01:07Let's know this too.
01:09India's Prime Minister is considered the largest post after the President and Vice President.
01:13But the Prime Minister has no right to sign on the currency.
01:18But in the country, Manmohan Singh, who has the glory of signing on the currency, has also been the Prime Minister of India.
01:25And only the governor of the Reserve Bank has the right to sign on the currency.
01:31Because before becoming Prime Minister, Manmohan Singh has also been the governor of the Reserve Bank.
01:36That's why his signature is on the currency.
01:39He was the governor of the RBI from 1982 to 1985.
01:43And during this time, he also made many improvements in the banking sector.
01:46In 2005, Manmohan Singh's signature was on the 10 rupee currency.
01:52Let's know about some of Manmohan Singh's big decisions that he took during his tenure.
01:59When Manmohan Singh became the Finance Minister, he made economic improvements in the budget presented in July 1991.
02:08He increased corporate tax in the budget and started Tax Deduction at Source i.e. TDS.
02:14Apart from this, mutual funds were also given permission to participate in the private sector.
02:18These improvements opened the doors of foreign investment in India.
02:21Many industries in the public sector were opened for the private sector.
02:25And India also got the opportunity to make its place in global trade.
02:29These improvements of 1991 were not only a successful attempt to get out of the economic crisis, but they also gave a new direction to the Indian economy.
02:38These policies are still considered the foundation of India's economic progress.
02:43Dr. Manmohan Singh, who was the Prime Minister, Finance Minister, and Governor of our country on behalf of the entire team of Goodreturns,
02:53He was filled with emotions.
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