The architect of India's economic reforms
ECONOMY & POLICY

The architect of India's economic reforms

visionary statesman known for his humility, integrity and persistence, Singh played a pivotal role in ending India’s nuclear isolation by securing the historic India-U.S. nuclear deal. Dr Singh s...

visionary statesman known for his humility, integrity and persistence, Singh played a pivotal role in ending India’s nuclear isolation by securing the historic India-U.S. nuclear deal. Dr Singh served as one of India’s longest-tenured prime ministers, leading the nation for 10 years, and represented the Congress Party in the Upper House of Parliament. Born on 26 September 1932, in a village in undivided Punjab, Singh’s academic brilliance led him to Cambridge University, where he earned a degree in economics in 1957, and Oxford University’s Nuffield College, where he completed his doctorate in 1962. He later taught at Panjab University and the Delhi School of Economics before joining the Indian government in 1971 as an economic advisor. He went on to serve as chief economic adviser, deputy chair of the Planning Commission, and governor of the Reserve Bank of India. Dr Singh’s accolades include the Padma Vibhushan in 1987, the Jawaharlal Nehru Birth Centenary Award in 1995, and the Asia Money Awards for Finance Minister of the Year in 1993 and 1994. As finance minister in 1991, Dr Singh spearheaded transformative economic reforms that steered India away from a socialist framework, opening the economy to global markets and averting a looming financial crisis. His legacy as a reformist leader and economic architect remains unparalleled in India’s modern history.

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Infrastructure Energy

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

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Real Estate

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

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Infrastructure Energy

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..

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