Called to New Delhi following Rajiv Gandhi's mandate in the 1984 general election, Singh was appointed to the post of Finance Minister in Tenth Cabinet of India, where he oversaw the gradual relaxation of the License Raj (governmental regulation) as Gandhi had in mind.
Following a number of high-profile raids on suspected evaders including Dhirubhai Ambani and Amitabh Bachchan - Gandhi was forced to sack him as Finance Minister, possibly because many of the raids were conducted on industrialists who had supported the Congress financially in the past [REF].