Staff Reporter

TIRUPATI: The intervention of visionary leader Indira Gandhi in the form of nationalisation of banks helped the country overcome the global economic slowdown, P.L. Visweswara Rao, a professor of Communication and Journalism at Osmania University, Hyderabad, said here on Wednesday.

At the national seminar on “Indira’s vision in public sector growth” organised by SPMVV Centre for Indira Gandhi Studies and the Tirupati chapter of Public Relations Society of India (PRSI) in commemoration of the 88th birth anniversary of the former Prime Minister, he eulogized her as “a woman of courage and conviction” and recalled her thrust to integrated rural development, a policy that was still revered and adopted by the Government irrespective of political parties in power. “She had the courage to implement her policies and the conviction to see that they emerged successful,” he noted.

V.V.R. Sastry, Chairman and Managing Director of Bharat Electronics Limited (BEL), Bangalore, in his keynote address, summed up public sector initiatives by the members of the Nehru-Gandhi family across four generations.

Initiated by Jawaharlal Nehru, the Public Sector Undertakings (PSUs) in India turned out to be the nation’s pride that propelled development, he said and added that the management of these institutions made all the difference.

He, however, made it clear that greater autonomy would help the institutions perform well and deliver the goods.