With just two days remaining for the first phase of Lok Sabha elections, Prime Minister Narendra Modi has intensified his ground campaign, targeting opposition leaders and past governments. Meanwhile, in a surprising move, the Modi government has lauded former Prime Ministers PV Narasimha Rao and Manmohan Singh in the Supreme Court for their role in abolishing the 'License Raj' and initiating economic liberalization in 1991.

Solicitor General Presents Government's Case

Presenting the government's stance before a nine-judge bench led by CJI DY Chandrachud, Solicitor General Tushar Mehta highlighted the significant liberalization of laws, including the Company Law and the MRTP Act, following the economic reforms spearheaded by Narasimha Rao and Manmohan Singh. Mehta's remarks come in response to queries from the bench, which had earlier criticized the archaic Industries (Development and Regulation) Act, 1951, labeling it as reflective of the outdated era of the License Raj.

Retaining Regulatory Control in National Interest

Mehta underscored the importance of retaining regulatory control over industries, particularly during emergencies like the Covid-19 pandemic. Emphasizing the necessity for centralized regulation, he cited examples where swift action by the central government was crucial, such as redirecting industrial alcohol for the production of hand sanitizers. Mehta clarified that while the central government may not always exercise its regulatory power, it remains essential for addressing unforeseen circumstances.

Court's Role in Sorting Arguments

Acknowledging the complexity of the legal debate, CJI Chandrachud reassured that the court's role is to sift through arguments and discern pertinent issues. However, the bench also injected moments of levity, with Justice Hrishikesh Roy humorously questioning the qualifications required for the Liquor Committee. Despite the lighthearted exchange, the substantive discussion on industrial regulation is set to continue in the coming hearings.

Elevating Rao and Singh's Legacy

The Modi government's acknowledgment of Narasimha Rao and Manmohan Singh's contributions to economic liberalization represents a departure from partisan politics. By praising the efforts of former Congress leaders, the government transcends political divides and underscores the importance of bipartisan collaboration in advancing national interests. As the election fervor intensifies, such gestures of recognition serve as a reminder of the shared responsibility to uphold India's economic progress and development.