Manmohan Singh

“Ironically, the prime minister who then came to power was Manmohan Singh, the guy who had actually done the original set of reforms. But in his tenure, he didn't do very much. And so what happened, you got the momentum from the Vajpayee reforms, you got some y…”

“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.”

“Well, without doubt, it's Manmohan Singh.”

“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's failure was not to have anticipated it, not to have taken adequate steps in, in, in preventing that scam. Instead, probably letting it continue for a while.”

“When Manmohan Singh put in his papers after that JPC report, Narsim Marau did not accept the resignation.”

“Both Narasimha Rao and Manmohan Singh were not elected to Parliament at that time.”

“The mistake of the finance minister was to have made a statement in parliament that a finance minister cannot lose his sleep just because the stock market price is going up or going down.”

“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…”

“So, you know, I was really struck that a system that had been built up over several decades, effectively got abolished within eight hours, starting with when Chidambaram first called on Manmohan Singh to when Narasimha Rao signed off on the file.”