Mohan Ananda’s Post

Remembering Dr. Manmohan Singh: A Legacy of Vision and Transformation Today, we mourn the loss of Dr. Manmohan Singh, a visionary leader whose contributions have left an indelible mark on India. As we reflect on his life and legacy, we remember him not only as a former Prime Minister but as a transformative figure who reshaped the nation’s economic and social landscape. Key Contributions: Economic Reforms and Liberalization (1991): Dr. Singh’s tenure as Finance Minister in 1991 was a turning point for India. Facing a severe economic crisis, he introduced sweeping reforms that liberalized the economy, dismantled the license raj, and opened India to global markets. These reforms laid the foundation for India’s rapid economic growth and development. Right to Information Act (2005): Under his leadership, the Right to Information (RTI) Act was enacted, empowering citizens to seek transparency and accountability from public authorities. This landmark legislation has been instrumental in promoting good governance and fighting corruption. Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) (2005): Dr. Singh’s government implemented MGNREGA, providing a safety net for rural households by guaranteeing 100 days of wage employment. This initiative has significantly contributed to rural development and poverty alleviation. Right to Education (2009): His administration ensured the passage of the Right to Education Act, making education a fundamental right for children aged 6 to 14. This act has played a crucial role in improving literacy rates and educational access across the country. Nuclear Deal with the United States (2008): Dr. Singh was instrumental in negotiating the historic civil nuclear agreement with the United States, which ended India’s nuclear isolation and paved the way for international cooperation in nuclear energy. Aadhaar Initiative: His government launched the Aadhaar project, aiming to provide a unique identification number to every Indian citizen. This initiative has revolutionized the delivery of public services and welfare schemes. Dr. Manmohan Singh’s legacy is one of resilience, vision, and unwavering commitment to the nation’s progress. His contributions have not only transformed India’s economy but also empowered its citizens and strengthened its democratic fabric. As we remember him, let us carry forward his vision of an inclusive, prosperous, and transparent India. Rest in peace, Dr. Singh. Your legacy will continue to inspire generations to come. Dr. Singh’s contributions have indeed shaped modern India, and it’s important to remember and honor his legacy with gratitude #india #leadership #management #motivation #ecomomy #success

Exploring India's Gross National Product and Net National Product This comprehensive blog delves into the concepts of Gross National Product (GNP) and Net National Product (NNP), examining their differences from Gross Domestic Product (GDP), and providing insights into India's economic landscape. #GrossNationalProduct(GNP) #India #NetNationalProduct(NNP)

BUDGET 2024 💸 The major allocation of funds are into development of youth and creating more opportunities for the citizens. Thie year's budget is also determined in making a self sufficient India. The expenditure on technology plays a major role in creation of better products and make in India a hit again. #unionbudget #budget2024 #india #budget

It will not be an exaggeration to say that the world is navigating through a landmine of #debt riddled with bombs of #socio-financial distress. The explosions caused by these lethal trappings often show up as #socialunrest, #civilrevolutions, and the rise of #extremists in government these days. It sounds far-fetched but #Politicalscientists and #economists have recognized that increased social tension and the rise of extremist politics, both stem from the unsustainable debt that is restricting government budgets and its abilities to alleviate poverty and bridge economic disparity. Record debt levels and high #interestrates have set many countries on a path to crisis. Social unrest in nations like #Nigeria, #kenya, #Srilanka and #Bangladesh are manifestations of unequal prosperity generated by high public debt, which also restricted government abilities to create jobs and spend on social welfare. To know more read my story on Spiraling #SovereignDebt published in Fortune India's October Edition. Thanks for participating in the story Roberto Sifon-Arevalo Bhanumurthy N R Standard & Poors Ratings Services Standard & Poor's International Services LLC Moody's Ratings Moody's Corporation Nupur Acharya

Last week update and lost year for MSME on demand and credit challenges . many are shifting their focus due to succession planning. Most of the MSME is owned by the people of baby boomers . Not having enough plan to be succeedd by their children ,as the debt burden is discouraging them and their view of getting job is profitable from day 1 . Quick recovery will not happen one go all companies with high debt, and no road of recovery- should be closed under some initiatives (scheme, not scam like NCLT) Hope for the best in 2025 , Year of correction if Govt want to grow in next 10 years . US seems to have realized, so as CHINA now ready to talk to Japan is good for global recovery.

“𝑨𝒄𝒄𝒐𝒓𝒅𝒊𝒏𝒈 𝒕𝒐 𝑱.𝑷. 𝑴𝒐𝒓𝒈𝒂𝒏, 𝑰𝒏𝒅𝒊𝒂 𝒘𝒊𝒍𝒍 𝒈𝒓𝒐𝒘 𝒃𝒆𝒕𝒘𝒆𝒆𝒏 6 𝒂𝒏𝒅 6.5 % 𝒊𝒏 𝒕𝒉𝒊𝒔 𝒚𝒆𝒂𝒓 𝒂𝒏𝒅 𝒏𝒆𝒙𝒕, 𝒎𝒂𝒌𝒊𝒏𝒈 𝒊𝒕 𝒕𝒉𝒆 𝒇𝒂𝒔𝒕𝒆𝒔𝒕-𝒈𝒓𝒐𝒘𝒊𝒏𝒈 𝒄𝒐𝒖𝒏𝒕𝒓𝒚 𝒊𝒏 𝒕𝒉𝒆 𝑮-20. 𝑩𝒖𝒕 𝑰𝒏𝒅𝒊𝒂 ’ 𝒔 𝒑𝒆𝒓 𝒄𝒂𝒑𝒊𝒕𝒂 𝒊𝒏𝒄𝒐𝒎𝒆 𝒊𝒔 $2,700, 𝒎𝒂𝒌𝒊𝒏𝒈 𝒊𝒕 𝒕𝒉𝒆 𝒑𝒐𝒐𝒓𝒆𝒔𝒕 𝒄𝒐𝒖𝒏𝒕𝒓𝒚 𝒊𝒏 𝒕𝒉𝒆 𝑮-20, 𝒂𝒏𝒅 𝒑𝒐𝒐𝒓 𝒄𝒐𝒖𝒏𝒕𝒓𝒊𝒆𝒔 𝒈𝒓𝒐𝒘 𝒇𝒂𝒔𝒕 𝒃𝒆𝒄𝒂𝒖𝒔𝒆 𝒄𝒂𝒕𝒄𝒉-𝒖𝒑 𝒈𝒓𝒐𝒘𝒕𝒉 𝒊𝒔 𝒆𝒂𝒔𝒊𝒆𝒓.”   The recent election results, with NDA winning 292 seats, INDIA securing 232, and others 19, reflect a significant competition from the opposition. This outcome underscores the importance for the government to recognize that infrastructure development alone isn't sufficient. As Prime Minister Modi has articulated a vision of leading India to become the third-largest GDP, it's imperative to address the critical issue of India's low per capita income, currently at $2,700, making it the poorest country in the G-20. To achieve sustained growth and prosperity, the government needs to focus on initiatives beyond infrastructure. One of the pressing concerns is the mismatch between the expectations of the populace regarding job opportunities and the reality of the job market. This disparity leads to heightened anxiety and conflict among various segments of society. It's evident that India's future growth trajectory hinges not only on infrastructural advancements but also on addressing the fundamental issue of job creation and skill development. To bridge this gap, the government must prioritize initiatives aimed at enhancing education, particularly in rural areas. By investing in and skill development programs, especially in underserved regions, the government can empower individuals with the necessary tools to participate meaningfully in the workforce. Additionally, fostering collaboration between educational institutions and industries can ensure that graduates are equipped with relevant skills that align with market demands. 𝑭𝒓𝒐𝒎 𝒎𝒚 𝒑𝒐𝒊𝒏𝒕 𝒐𝒇 𝒗𝒊𝒆𝒘, The election results signal a need for the government to prioritize inclusive growth initiatives and tackle economic challenges head-on. By recognizing and bridging the gap between expectations and opportunities, India can pave the way for sustainable economic development and prosperity for all. Raghuram Rajan (Formal RBI Governor of INDIA)  has shared a great blog on LinkedIn today that caught my attention and changed my perspective on many  things.( I have attached below) Although I am neither anti-BJP nor pro-BJP, these are just my point of view. I believe that India's education system needs to be developed, and the new education policy should be implemented. And I am happy with what the BJP has accomplished so far. I thank Parth Verma and his channel The Valuation School for his initiative in providing me with such valuable knowledge in finance #finance #invest #blog #valuation #value #investor

"If we factor inflation in the growth rate, the real growth of India is less than 3% and this is grossly inadequate for India’s sustenance and coming out of the Lower-middle-income country status". - Dr. Rajendra Pratap Gupta, PhD Read India at Inflection Point for Viksit Bharat (https://lnkd.in/gdSnZChV) by Dr. Rajendra Pratap Gupta, PhD, Founder, Viksit Bharat Abhiyan, where he explains why India's current economic model needs a total transformation for India to become a developed nation. If you have any ideas to share, you can write to us at: [email protected] or [email protected] Visit www.viksitbharat.org for more information.

Today’s budget session presented by the indian government has certainly sparked some robust discussions. On the positive side, the emphasis on infrastructure development and digital innovation is a forward-thinking approach with the potential to drive significant economic growth. The increased allocation for healthcare and financial support for higher education is a commendable move, addressing vital sectors that impact the lives of many. Benefiting taxpayers by giving them flexibility while being a bit tough for investors, the budget also focuses on the youth by allocating a significant portion for the next five years, creating more opportunities. The doubling of the Mudra loan limit and the credit guarantee scheme for SMEs will help foster new startups. Schemes benefiting women and girls and provisions for rural development are also noteworthy. However, I do have some concerns about whether the measures are enough to tackle the immediate economic challenges faced by the common people. The rise in indirect taxes and the limited relief for the middle class and small businesses have sparked debates about the budget's inclusivity. While the budget lays out a promising long-term vision, its success will ultimately depend on effective implementation. Balancing growth with the equitable distribution of resources will be key to realizing the budget’s full potential. I’m looking forward to seeing how these initiatives unfold and impact our economy in the coming months. #IndiaBudget #EconomicGrowth #Infrastructure #Healthcare #Education #NarendraModi #nsitharamanoffc #FinMinIndia #PIB_India #MORTHIndia #MIB_India #MoHFW_INDIA #EduMinOfIndi

Today, we mourn the loss of Dr. Manmohan Singh, a visionary economist and former Prime Minister of India, whose contributions have indelibly shaped the nation's trajectory.Dr. Singh's unwavering dedication to India's progress and his transformative reforms have paved the way for a more prosperous and equitable society Dr. Singh's legacy is marked by numerous achievements that have had a lasting impact on India's development -Economic Reforms of 1991: As Finance Minister, Dr. Singh introduced groundbreaking economic liberalization policies that dismantled the License Raj, opened India to global markets, and set the stage for unprecedented economic growth. -Right to Information Act, 2005: His government enacted this pivotal legislation, empowering citizens with the right to access information and promoting transparency and accountability in governance. -Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA): Launched in 2006, this scheme provided a legal guarantee for at least 100 days of employment to rural households, significantly enhancing livelihood security. -Indo-US Civil Nuclear Deal, 2008: Dr. Singh was instrumental in forging this landmark agreement, which ended India's nuclear isolation and facilitated civilian nuclear cooperation between India and the United States. -Right to Education Act, 2009: His administration ensured free and compulsory education for children aged 6 to 14, underscoring his commitment to human capital development. -National Food Security Act, 2013: This act aimed to provide subsidized food grains to approximately two-thirds of India's population, addressing hunger and malnutrition. -National Rural Health Mission (NRHM): Initiated in 2005, NRHM sought to improve healthcare delivery across rural India, focusing on accessible and affordable health services. -High GDP Growth Rate: Under his leadership, India experienced robust economic growth, with GDP growth rates reaching impressive heights, elevating millions out of poverty. -Infrastructure Development: Dr. Singh's tenure saw significant investments in infrastructure, including projects like the Golden Quadrilateral, enhancing connectivity and boosting economic activities. -Strengthened Foreign Policy: He adeptly navigated international relations, bolstering India's global standing and fostering strategic partnerships with key nations. Dr. Singh's visionary reforms have laid a solid foundation for a better India, fostering economic resilience, social equity, and global integration.His unwavering commitment to the nation's progress continues to inspire and guide us toward a brighter future.

Dr. Manmohan Singh, a renowned economist and former Prime Minister of India (2004-2014), is celebrated for several significant contributions during his tenure. Here are his top five achievements: 1. Economic Reforms of 1991 As Finance Minister under Prime Minister P.V. Narasimha Rao, Dr. Singh spearheaded the liberalization of the Indian economy, lifting stringent controls on industries, reducing import tariffs, and welcoming foreign investments. 2. India-US Civil Nuclear Agreement (2008) Under his leadership as Prime Minister, India signed the India-US Civil Nuclear Deal, enabling India to access nuclear technology and fuel from other countries for civilian purposes without signing the Nuclear Non-Proliferation Treaty (NPT). 3. Sustained Economic Growth During his tenure as Prime Minister, India experienced one of its fastest growth periods, averaging around 8% GDP growth between 2004 and 2009. His government focused on infrastructure development, IT sector growth, and rural empowerment programs like Bharat Nirman. 4. Introduction of MGNREGA (2005) The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was introduced under his government. It became a landmark social welfare program, providing a legal guarantee for at least 100 days of wage employment annually to rural households. 5. Focus on Education and Health Dr. Singh emphasized education reforms, leading to the implementation of the Right to Education Act (2009), which made elementary education a fundamental right. He also launched health initiatives like the National Rural Health Mission (NRHM) to improve healthcare access in rural areas. These achievements highlight Dr. Manmohan Singh's pivotal role in shaping modern India's economic and social landscape.