Prime Minister of India the dissolution of the Soviet Union, India was on the brink of bankruptcy, so, Rao took steps to liberalise the economy, and appointed Manmohan Singh—an economist and a former governor of the Reserve Bank of India—as finance minister. Rao and Singh then took various steps to liberalise the economy, these resulted in an unprecedented economic growth in India. His premiership, however, was also a witness to the demolition of the Babri Masjid, which resulted in the death of about 2,000 people. Rao, however, did complete five continuous years in office, becoming the first prime minister outside of the Nehru—Gandhi family
Prime Minister of India pension of per month, plus—if he/she served as an MP for more than five years— for every year served. The prime minister presides over various funds. The National Defence Fund (NDF) was set up the Indian government in 1962, in the aftermath of 1962 Sino-Indian War. The prime minister acts as chairperson of the fund's executive committee, while, the ministers of defence, finance and home act as the members of the executive committee, the finance minister also acts the treasurer of the committee. The secretary of the fund's executive committee is a joint secretary in the Prime Minister's Office, dealing