1. Fast-tracking BharatVajpayee's most memorable achievement was the ambitious roads projects he launched—the Goldern Quadrilateral and the Pradhanmantri Gramin Sadak Yojna. The Golden Quadrilateral connected Chennai, Kolkata, Delhi and Mumbai through a network of highways while the Pradhanmantri Gramin Sadak Yojna was planned as a network of all-weather roads for unconnected villages across India. Both the projects proved to be immense success and contributed to India's eco ..
2. Privatisation- Vajpayee's commitment to reducing the government role in running businesses and industry was reflected in the formation of a separate disinvestment ministry. The most important disinvesments were Bharat Aluminium Company (BALCO) and Hindustan Zinc, Indian Petrochemicals Corporation Limited and VSNL. These initiatives of the Vajpyee government, not free from controversies, set the tone for the government's role in future.
3. Reining in the fiscal profligacy
The Vajpayee government made another beginning by introducing the Fiscal Responsibility Act that aimed to bring down fiscal deficit. It boosted public-sector savings which rose from -0.8% of GDP in FY 2000, to 2.3% in FY 2005.
4. Telecom revolution
The Vajpayee government's New Telecom Policy unleashed the telecom revolution in India by replacing fixed license fees for telecom firms with a revenue-sharing arrangement. Bharat Sanchar Nigam Ltd was created to separate policy formulation and provision of service.
5. Sarva Shiksha Abhiyan
It was a social scheme to provide universal access to free elementary education for children aged 6-14 years. Within four years of its launch in 2001, the number of out-of-school children dropped by 60 per cent.
It was a social scheme to provide universal access to free elementary education for children aged 6-14 years. Within four years of its launch in 2001, the number of out-of-school children dropped by 60 per cent.
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