CONFESSIONS OF A SWADESHI REFORMER PDF

After 24 years in civil service as an IAS officer, Sinha switched to politics in He had two short spells as Finance Minister; in both instances the governments were brought down by moral low points of Congress party. In the first instance, the Chandrasekar administration supported by Congress from outside was brought down by Congress ostensibly because two sleuths were spying on Rajiv Gandhi. In the second instance, Gomango, a Congress MP who had taken office as CM of a State and therefore was morally obliged to resign from Parliament voted to bring down Vajpayee government by a wafer thin margin of one vote. Sinha came back as Finance Minister when Vajpayee formed his second government after winning elections; and went on to become the fourth man to present five budgets.

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After 24 years in civil service as an IAS officer, Sinha switched to politics in He had two short spells as Finance Minister; in both instances the governments were brought down by moral low points of Congress party. In the first instance, the Chandrasekar administration supported by Congress from outside was brought down by Congress ostensibly because two sleuths were spying on Rajiv Gandhi.

In the second instance, Gomango, a Congress MP who had taken office as CM of a State and therefore was morally obliged to resign from Parliament voted to bring down Vajpayee government by a wafer thin margin of one vote. Sinha came back as Finance Minister when Vajpayee formed his second government after winning elections; and went on to become the fourth man to present five budgets. He did not flinch in making hard decisions in spite of the negative popularity that would entail.

Sinha swore to himself that he would not let that happen again. Sinha prepared, as per Dr Arjun Sengupta, an eminent economist, a truly revolutionary budget after the crisis; but was unable to present it because the government fell. Otherwise, it would have been Sinha, and not Dr Manmohan Singh, who would have become the poster boy of economic reforms.

The five budgets that Sinha was able to present later did not, unfortunately, have the same revolutionary edge. There is nothing in the book that was private prior to disclosure and nothing that is sensational that would give a different perspective to the reader.

The book is still a good read because this is a reasonably honest account of a hero who thought more about strategic wins than immediate popularity. The true dilemma of a statesman who has to however keep getting elected. Three disclosures disturb a reader: a Sinha claims that the budgets prepared by several of his predecessors were known ahead of turn to an industrial group.

Sinha checked with the PM. No such directions were given. Sinha did not comply with the request. Sinha does not name the person who conveyed the alleged directive. Sinha claims he did not act on the note. Sinha is one of my favourite politicians in India. He had the moral timber to resign at the whiff of a suggestion of involvement in a havala case that was orchestrated by wily Narasimha rao.

He did not contest elections until he was cleared by courts. He did not do a piggy back ride on a party. He won elections in Bihar each time he played a role in the government. He was a true reformer with a vision that went beyond the next elections. Above all, he did not strive to bring his children into politics — a clear sign that politics is not of economic advantage to this politician.

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Confessions of a Swadeshi reformer : my years as finance minister

The current generation is using oil at subsidized prices, the full cost of which will have to be paid by future generations. Rohit marked it as to-read Mar 17, No trivia or quizzes yet. Enjoy browsing these books on New York City. Sign up to receive offers and updates: The cost of steel can go up, but how can rreformer amount of steel needed to construct a bridge go up??!! This statement becomes even more important in the light of the massive amounts of money being committed to the oil bonds floated by the government. Confessions of a Swadeshi Reformer I had referred to the large investment made by the UTI in the shares of Reliance Industries earlier in an off-market transaction in one day.

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Confessions Of A Swadeshi Reformer: My Years As Finance Minister

No public sector undertaking, no ministry, no minister. The opportunity came inwhen Sinha was appointed finance minister in the NDA government led by Vajpayee and was faced with yet another crisis: Nikhil Kulkarni marked it as to-read Mar 09, Surbhi Singla marked it as to-read Feb 18, Karan rated it did not like it Jun 17, But politics and morality do not often go together. He suggested to me that, as in the United States, if we encouraged housing in India, it could become a major multiplier of economic prosperity. Open Preview See a Problem? To see what your friends thought of this book, please sign up. Notify me of new comments via email.

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CONFESSIONS OF A SWADESHI REFORMER PDF

Fresh elections had been called. Yashwant Sinha, finance minister in the caretaker government, was in Patna, contesting for the Lok Sabha against tough opposition, when a senior officer from the finance ministry brought an urgent file for his signature: India needed to mortgage gold to obtain a loan from the Bank of England to tide over a payments crisis?? If he ever got the opportunity, he promised himself, he would make sure that the country never had to face such a crisis again. The opportunity came in , when Sinha was appointed finance minister in the NDA government led by Vajpayee and was faced with yet another crisis: the nuclear tests in May that year resulted in sanctions and a possible flashpoint. Yashwant Sinha was finance minister for four years, until , and presented five budgets. In Confessions of a Swadeshi Reformer he gives us the inside story of how the framework for the growth that has taken place subsequently was laid in that time. From the reforms that were initiated to the politics that threatened all initiative, the opposition from within the party as also outside it, which tried to derail the process, Sinha pulls no punches in this candid memoir.

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