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 Urban

Delhi Launches Hotline Maintenance Vehicle to Avoid Power Cuts

Chief Minister Rekha Gupta on Saturday launched Delhi’s first “hotline maintenance vehicle”, capable of carrying out electrical repairs without requiring a supply shutdown.She announced that similar machines will be deployed across the city.Speaking at the launch of the vehicle in her Shalimar Bagh Assembly constituency, she said the machine, worth Rs 15 million, will ensure that residents face no inconvenience during repairs of electrical faults.“Delhi government plans to have these hotline maintenance vehicles for the entire city,” Gupta said.The vehicle has been procured by Tata P..

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Technology

Nextgen Semiconductors to Raise Rs 10–15 Billion for Gujarat Plant

Nextgen Semiconductors, which has announced plans to establish a chip manufacturing facility in Gujarat, said on Friday that it will raise Rs 10–15 billion through equity and other financial instruments over the next 12 months.The company has committed to investing more than Rs 88 billion in phases to set up a fully integrated silicon and silicon carbide power semiconductor platform at the Dholera Special Investment Region.The project is expected to play a crucial role in strengthening India’s semiconductor ecosystem and reducing reliance on imports, as the government pushes to position Gu..

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Infrastructure Energy

Servotech Signs Deal to Supply EV Chargers and Solar Solutions

Servotech Renewable Power System Ltd., a leading player in the renewable energy and EV charging sector, has entered into a definitive trade agreement with Mauritius-based Enovra Energy Solutions Limited. Under this agreement, Servotech will supply EV chargers and solar solutions to Enovra for distribution and deployment across Mauritius and other surrounding regions.As part of this agreement, both companies have established a binding commitment, ensuring long-term business consistency and reinforcing the partnership’s seriousness and scalability. Enovra Energy Solutions, a key player in Maur..

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