The Former PM Manmohan Singh Dies #news

Manmohan Singh Dies: Govt Announces 7-Day National Mourning, State Honour For Former PM

 

The government announces a seven-day national mourning and state honor for former prime minister Manmohan Singh.

 

On Thursday, the Indian government declared a seven-day period of mourning for former Prime Minister Manmohan Singh. On Thursday evening, the two-term prime minister passed away at AIIMS Delhi. According to officials cited by the news agency PTI, Singh's final ceremonies will be held with full state honors. The union cabinet will meet to grieve Singh's passing, and all central government programs planned for Friday have been canceled, according to government sources.

 

Following Manmohan Singh's passing, Karnataka has declared a seven-day period of mourning. December 27 has been designated as a government holiday. Atishi, the chief minister of Delhi, has also canceled all of her official programs. Following the passing of the former prime minister, Belgavi, Karnataka, which had been decked out with lights for Thursday's Congress Working Committee (CWC) meeting, quickly fell into gloom. As part of the centennial celebrations of the 1924 Indian National Congress session, which Mahatma Gandhi presided over, a public Congress meeting was also scheduled for December 27.

 

Manmohan Singh, the prime minister of India from 2004 to 2014, was receiving treatment for ailments associated with aging. On December 26, 2024, he suddenly lost consciousness at home and was taken to the hospital, according to AIIMS Delhi. Singh, who is considered to be among India's best economists, is recognized for having opened up the country's economy in 1991. Singh's policies, which promoted liberalization and addressed pressing social issues with targeted initiatives, were crucial in changing India's economic structure.

 

India had a fiscal deficit of nearly 8.5% of GDP, a massive balance of payments deficit, and a current account deficit of nearly 3.5% of GDP when Singh assumed leadership of the Finance Ministry in 1991. The Indian economy was in serious crisis, as evidenced by the fact that foreign reserves were barely sufficient to cover imports for two weeks. This was the backdrop against which Singh's Union Budget 1991-92 ushered in the new economic era.

 

The abolition of the license raj, the implementation of bold economic reforms, and the opening of numerous sectors to private and foreign players to allow for the inflow of capital marked a watershed in the economic history of independent India. He is credited with setting India on the new course for economic policy, which permitted devaluation of the rupee, FDI, tax moderation, and the privatization of public sector enterprises.
His contribution to the implementation of a comprehensive economic reform policy is now acknowledged globally.