Do you know that Manmohan Singh's signature was on the currency notes in circulation? Know this interesting fact.

Former Prime Minister Manmohan Singh passed away at the age of 92 at the All India Institute of Medical Sciences (AIIMS) in New Delhi. His death has caused a wave of mourning across the country. His journey from being a professor of economics at Delhi University to Finance Minister and then leading the country as Prime Minister for a decade is an example for everyone. The special thing is that he was the only Prime Minister whose signature appeared on the currency in circulation.

Manmohan Singh's signature on notes

The authority to sign currency notes in India is the Governor of the Reserve Bank of India. Currently Sanjay Malhotra holds this post and his signature is on the latest notes. But you must be wondering why Manmohan Singh's signature was on currency notes.

Manmohan Singh's signature on currency

The Prime Minister of India does not have the right to sign currency notes. However, Manmohan Singh is an exception. Before becoming Prime Minister, he served as Governor of the Reserve Bank of India from 1982 to 1985, where he implemented significant reforms in the banking sector.

When Manmohan Singh assumed the role of Finance Minister, the budget presented on July 24, 1991, accelerated economic reforms. The budget raised corporate tax rates and introduced tax deduction at source (TDS). In addition, private sector participation in mutual funds was allowed. These changes paved the way for foreign investment in India. Many public sector industries were made accessible to the private sector, allowing India to establish its role in international trade.