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Re: BALCO privatisation



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Dear Partha

i am disappointed at your view that  PIL's are against public interest or
privatization. what we should be fighting against is the lack of
transparaency in the decision making process under the disguise of
privatization.

There is absolutely no doubt in my mind that enormous amounts of money
changed hands in this deal - Agarwal of Sterlite is very well known for his
deal making skills - this is akin to selling the family silver at throw away
prices.

If you closely look at the kind of losses that the Korba plant was making as
a PSU - it would be very clear that it's an extroordinarily sound business
entity and could be turned around in a jiffy - just it's power plant alone
is a gold mine - plus they have these long term lucrative mining deals with
the state.

i am all for the government to get out of running businesses

but expediency shouldn't give way to day light robbery -

sivaram karuturi

----- Original Message -----
From: Parth J Shah <parth@ccsindia.org>
To: <debate@indiapolicy.org>
Sent: Thursday, March 15, 2001 3:34 AM
Subject: BALCO privatisation


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> Please help make the Manifesto better, or accept it, and propagate it!
> ---------------------------------------------------------------------
> Sandeep made very valid points about the effects of derailment of
> BALCO privatisation.  There are three PILs filed in the High Courts
> challenging the privatisation.  Supreme Court has asked all courts to
> send the PILs to it for collective hearing and final verdict.  On
> March 12, the Supreme Court rescheduled the hearing for April 9.  The
> Centre for Civil Society has prepared an Intervention PIL which will
> be admitted on April 9, if the SC does admit the other PILs and
> continue hearing.  We basically argue that privatisation is in
> public interest and the PILs are serving narrow parochial interests
> and the court should dismiss them, they are not really Public Interest
>
> Litigation (PIL).  Let's see how this legal attempt works out to
> support privatisation.
> parth-
>
> Has anybody noticed the strange spectacle of
> the allegedly pro-reform Congress Party being
> in the same camp as Marxist fundamentalists
> in the matter of Balco privatization?
>
> The plant in Korba is incurring heavy losses
> even as petty politics is being played out by
> the Congress Party, whose poster-boy, till very
> recently, was Dr Manmohan Singh. Ajit Joge
> ("Ajit Joke" as India-Today refers to him) is
> threatening to evolve into some kind of mutated
> Laloo Yadav.
>
> There is an urgent need to delink economic
> policy from politics. The Balco issue will
> threaten not just the company in question, but
> the disinvestment process in general, and also
> prospects of private investment in fledgling
> Chattisgharh, in whose interest Ajit Joke and
> his party are ostensibly playing politics. It
> will also adversely affect the sentiment of
> foreign investment in Indian industry. If Congress
> is behaving in a clownish manner today, in wanton
> disregard of country's interests, what's the
> guarantee that tomorrow BJP will not, should it
> get into opposition?
>
> The Balco controversy -- a wholly manufactured
> controversy, for this has been the most transparent
> deal ever -- should be a matter of concern to
> members of this list.
>
> Sandeep
>
> --
> ******************
> Dr Parth J. Shah
> President                            Voice:  (91-11) 646-8282
> Centre for Civil Society             Fax:    (91-11) 646-2453
> B-12 Kailash Colony                  Email:  parth@ccsindia.org New
> Delhi 110048                     Webpage: http://www.ccsindia.org India
>
>
>
>
>
>
>
>
>
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> This is the National Debate on System Reform.       debate@indiapolicy.org
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This is the National Debate on System Reform.       debate@indiapolicy.org
Rules, Procedures, Archives:            http://www.indiapolicy.org/debate/
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