Everything Ashok Bhattacharya (A.K. Bhattacharya) said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Manmohan Singh ended government deficit monetization via RBI bills
“He decided to bring in the idea that the government should not have a free check As far as it meeting its deficits are concerned, it must go out to the market and borrow money through the RBI Reserve Bank of India and meet its deficit. Good old days, what is t…”
The 2016 demonetized notes made up over 86% of Indian currency
“And then the board met and decided on going ahead with demonetizing the thousand rupee and 500 rupee notes, which accounted for more than 86% of the total currency in circulation.”
V.P. Singh's MODVAT was the first step toward India's GST
“The first step that led to the goods and services tax in 2017 was done by V.P. Singh, by introduction of ModVat, Modified Value Added Tax.”
Narasimha Rao and Manmohan Singh were unelected during the 1991 economic reforms
“Both Narasimha Rao and Manmohan Singh were not elected to Parliament at that time.”
India's 1981 $5B IMF loan was the largest ever granted then
“And India was forced to go in for the, at that time, the largest loan given to any country. It was around over five billion dollars loan.”
Pranab Mukherjee capped NRI portfolio investment after the Swaraj Paul controversy
“The first one was Pranam Mukherjee, and he, it landed in trouble. You will remember the Swaraj, Paul and Escorts takeover battle. That was the first time that a finance minister tried to get NRI into the country, and he allowed NRIs to acquire shares in Indian…”
Manmohan Singh opened Indian bonds and deposits to NRIs
“And the second time, Manmoun Singh got not the share transaction, Rick, but got the NRI deposits. NRIs could gaily put money into Indian bonds. That was allowed.”
Manmohan Singh granted SEBI its statutory powers
“The Securities and Exchange Board of India was set up by VP Singh, his predecessor, finance minister, but he didn't have the statutory power. Manmohan Singh decided to give it a statutory power.”
Narasimha Rao rejected Manmohan Singh's resignation after the 1992 JPC report
“When Manmohan Singh put in his papers after that JPC report, Narsim Marau did not accept the resignation.”
NEON SHOWLEDGER