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Re: BALCO privatisation



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Please help make the Manifesto better, or accept it, and propagate it!
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kudos, parth.

now that is activism which will change things. Lets hope for the best. not
only balco, but all the so-called "family silver" is sold and the taxes we
pay will not have to subsidise these white elephants.

prakash


------------- Original Message --------------
Parth J Shah <parth@ccsindia.org> wrote:
To:debate@indiapolicy.org
From:Parth J Shah <parth@ccsindia.org>
Date:Thu, 15 Mar 2001 00:34:47 -0800 (PST)
Subject:BALCO privatisation

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Please help make the Manifesto better, or accept it, and propagate it!
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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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