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Prakash Yedhula (Lawyer)     01 June 2009

Profile of our new Law Minister

Shri.Veerappa  Moily - Minister of Law 

Career Background  

  • 2002 – 2004 Chairman, Revenue Reforms Commission
  • 2000 – 2002 Chairman, Tax Reforms Commission
  • 1992 – 1994 Chief Minister of Karnataka
  • 1989 – 1992 Minister for Law, Youth Service, Culture, Information, Parliamentary Affairs and Education, Govt. of Karnataka
  • 1983 – 1985 Leader of Opposition, Karnataka Assembly
  • 1980 – 1982 Minister for Finance and Planning, Govt. of Karnataka
  • 1974 – 1977 Minister for Small Scale Industries, Govt. of Karnataka
  • Appointed to various committees by Indira Gandhi one of which led to the setting up of National Bank for Agriculture and Rural Development (NABARD).
  • Practiced law in the courts of Karkala, Mangalore, High Court in Bangalore and at the Supreme Court of India.
  • Led the implementation of economic reforms in Karnataka in 1992 and also responsible for drafting & implementing the Karnataka Land Reforms Act in 1974.
  • Led several projects, policies and achievements of the State of Karnataka in ministries and sectors such as Finance, Irrigation and Power, Urban Development and Infrastructure, Housing and Rural Development, Empowerment, Education and Culture.
  • Author of epic poem Sri Ramayana Mahanveshanam in five volumes containing 42,295 lines in Kannada. It is also being translated into Hindi and being published by Indira Gandhi National Centre for Arts, New Delhi.
  • Authored ‘Musings on India Part 1 & 2 in English containing articles on contemporary issues including public finance.
  • Regular columnist for leading print publications and electronic media.
  • Currently writing a book on the steps to be taken to make India an economic superpower by year 2020. 

Career Summary 

·         30 years of experience in public service, policy-making, governance and politics.

·         Detailed understanding of the Indian Economy, Fiscal Structure and requirements of States from a macro and micro perspective.

·         Critical insight into the best practices of world economies.

·         Experience of having formulated and implemented pioneering concepts in India’s Education sector.

·         Experience of representing the government in projects with leading organisations such as the World Bank, Asian Development Bank (ADB), Reserve Bank of India, Planning Commission etc.

·         Ability to develop a comprehensive economic agenda that can unleash the productive potential of India's economy. 

Summary of Achievements

·         Formulated a systematic reform of the tax system resulting in improved revenue productivity and competitiveness of the State of Karnataka.

·         Karnataka Chief Minister SM Krishna, implemented 80% of the recommendations from the commission resulting in tax revenues increases of Rs. 2200 crores in 2003-04 from recommendations of the commission. 

·         Report submitted during November 2003 recommending reforms in Irrigation, Health, Education and Forest Departments

·         Revenue increases of Rs. 1800 crores from the commission’s recommendations. 

Finance: 

  • Presented the Karnataka State Budgets for 1992-93, 1993-94, 1994-95, 1980-81, 1981-82 & 1982-83.
  • Set records of revenue surplus during every stint as Finance Minister. 

Irrigation and Power: 

·         Led unprecedented and huge outlays in irrigation works and helped maximize the irrigation potential of Karnataka.

·         Developed innovative financing schemes such as Irrigation bonds which were appreciated by the Reserve Bank of India and the World Bank.

·         Cleared and conceived massive works on the power generation and power distribution system in Karnataka that substantially reduced the power shortage position in Karnataka.

·         Established Krishna Jalabhagya Nigam scheme which mobilised Rs. 13,000 crores for irrigation projects. 

Rural and Urban Development and Infrastructure: 

·         Formulated and implemented various drinking water schemes and employment guarantee schemes and housing schemes.

·         Established the Karnataka Urban Infrastructure Development and Finance to formulate and appraise infrastructure development projects, mobilization of funds from different sources, implementation of urban infrastructure projects, and capacity building/training on urban development issues.

·         Initiated various projects such as the International Airport in Bangalore, International Convention Centre, Konkan Railway, and National Games in Bangalore.

·         Sanctioned and implemented the Rs. 1200 crores ADB aid programme for the coastal region of Karnataka. 

Education: 

·         Chief Architect of the new Common Entrance Test (CET) system launching an admission policy for technical education founded on merit, transparency and social justice.

·         Established the nation’s leading law institute, The National Law School University.

·         Executed the Total Literacy Programme in the State of Karnataka.

·         Worked with the World Bank to execute Universalization of Primary Education.

·         Oversaw the reform in University Education in Karnataka. He established six universities such as Kannada University, Rajiv Gandhi Medical University, Visweshwariah Technical University, Karnataka Open University, Mangalore University and Gulbarga University

Industry: 

  • Laid the foundation for the growth of Information Technology industry in Bangalore through various incentives to Indian and multinational companies.
  • Established the International Information Technology Park (ITPL) at Whitefield in Bangalore.
  • Established the Electronic City, an IT industrial estate at Anekal, Karnataka. Electronic City now exports Rs. 25,000 crores worth of software per annum.
  • Established the Peenya Industrial estate which is the biggest of its kind in Asia.
  • Announced the new Industrial Policy in 1993, in tune with the liberalization policy of the Govt of India, which resulted in investment projects worth Rs. 87,000 crores in Karnataka.
  • Sanctioned and facilitated the establishment of the major employment generating companies such as the Vijaynagar Steel Plant, MRPL, BSAF and Wipro in Karnataka. 

Personal Details: 

  • B.A, B.L., Partner in Law Firm - Moily Associates
  • Born on 12th January 1940 at Marpadi Village, Moodibidri, Dakshina Kannada District, Karnataka
  • Married to Malathi with four children
  • Languages spoken include Kannada, English, Tulu and Hindi.


Learning

 3 Replies

Swami Sadashiva Brahmendra Sar (Nil)     01 June 2009

 A very relevant and timelly information for lawyers has been provided by Prakash ji ! Many Thanks !

L Janardhan Rao (Practising Chartered Accountant)     02 June 2009

Dear Prakash

The current central ministry has more lawyers as ministers than any other profession. Kindly give details of other central ministers too who are holding law degrees

B.B.R.Goud. ( Faculty)     02 June 2009

A very relevant and timelly information for lawyers in India has been provided by Prakash ji ! Many Thanks !


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