V. P. Singh

Finance Minister : V. P. Singh
Budget Year : 1985

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V. P. Singh

 

VP Singh was the 7th Prime Minister of India , he entered local politics in Allahabad during the Nehru era . During his term as Finance Minister, he oversaw the reduction of gold smuggling by reducing gold taxes and the excellent tactic of giving the police a portion of the smuggled gold that they found.

He also gave extraordinary powers to the Enforcement Directorate of the Finance Ministry, the wing of the ministry charged with tracking down tax evaders.

 

 

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