Saturday, May 22, 2021

Indian Bankruptcy 1991

 When India's economy was bankrupt in 1991


The then Prime Minister Narsimha Rao called Finance Minister Manmohan Singh and asked how much money is there in the treasury, Manmohan Ji's answer was that only 9 days we can run the country, that much money is left.


On this, Narasimha Rao ji asked how to deal with this situation? M Singh said that the value of the country's rupee should have to fall by 20%. Narasimha ji said, okay call the meeting of the cabinet and get approval. Manmohan ji got up and started going towards his room.


After going a few steps away, he turned back and said to Narasimha Rao that if the cabinet convenes the meeting, we will not be able to take these tough decisions. All ministers will address the vote bank.


Narasimha ji told Manmohanji that right now you go to your room. 


After 20 minutes, the secretary went to Manmohanji in his room by giving him a letter and in that letter.Narasimha Rao Ji had written, Done!!


Later, when he asked that what had happened in 20 minutes that you had surprised everyone, including the Cabinet meeting, 


Narasimha ji had said that I had spoken to Atal ji and done it.

Means you look at Atal ji was more than his cabinet, PM knew that Atal ji will speak in the interest of the country. It happens that after the announcement of the Nationalist Opposition and that drastic decision,


Bharatiya Janata Party (BJP) did not organize a protest movement, but supported the immediate Congress government to bring the country's economy back on track.


Gone those Politicians, gone those day…

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