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Pamulaparthi Venkata Narasimha Rao (28 June 1921 – 23 December 2004), popularly known as P. V. Narasimha Rao, was an Indian lawyer, statesman and politician from the Indian National Congress Party who was Prime Minister of India from 1991 to 1996. He was the first person from South India and second person from a non- Hindi speaking background ...
P. V. Narasimha Rao: Member party: Indian National Congress (Congress alliance) ... P. V. Narasimha Rao was sworn in as Prime Minister of India on 21 June 1991. [1]
The 1992 Indian stock market scam was a market manipulation carried out by Mr Harshad Mehta and politicians on the Bombay Stock Exchange. That scam caused significant disruption to the stock market of India, defrauding investors of over ten million USD. Techniques used by Mehta involved having corrupt officials signing fake cheques, misusing ...
A seven-month interlude under prime minister Chandra Shekhar followed, after which the Congress party returned to power, forming the government under P. V. Narasimha Rao in June 1991, Rajiv Gandhi having been assassinated earlier that year. [17]
P. V. Narasimha Rao INC (I) General elections were held in India on 20 May, 12 June and 15 June 1991 to elect the members of the 10th Lok Sabha, although they were delayed until 19 February 1992 in Punjab. No party could muster a majority in the Lok Sabha, resulting in the Indian National Congress (Indira) forming a minority government under ...
Later Neelam Sanjeeva Reddy went on to become the President of India, while P. V. Narasimha Rao, also from the INC and previously the fourth chief minister of Andhra Pradesh went on to serve as the Prime Minister of India. Notably, N. T. Rama Rao from the TDP was the first non-INC chief
Party Election Symbol Leader Seats 1. All India Anna Dravida Munnetra Kazhagam: J. Jayalalithaa: 168 2. Indian National Congress: P V Narasimha Rao: 65 3. Indian Congress: Spinning Wheel: Sarat Chandra Sinha: 1
P. V. Narasimha Rao took over as Prime Minister in June, and appointed Manmohan Singh as Finance Minister. [18] The Narasimha Rao government ushered in several reforms that are collectively referred to as liberalisation in the Indian media. The reforms formally began on 1 July 1991 when RBI devalued the rupee by 9% and by a further 11% on 3 July.