India Today Group Online
 


March 12, 2001 Issue




UNION BUDGET
   

Good Economics,
Risky Politics

Defying the pressures of politics, Finance Minister Yashwant Sinha has come forth with a bold, hard budget. He has committed the Government to a slew of daring economic reforms through this year's budget. But, beyond the initial euphoria generated by sheer promises, lies a rough road to fulfilling them. Will the pressures of coalition politics and an irrational Opposition allow him to deliver?


Interview:
Yashwant Sinha

"It is my budget,
not the PMO's."

 

 
THE NATION
   

Smeltdown
The NDA Government handsomely wins a vote moved by the Opposition in the Lok Sabha against the privatisation of Bharat Aluminium Company (BALCO), but it should now start worrying about the poor response to bidding for strategic partnership of public-sector units.

 

 
CARE TODAY
   

Progress Report
With an overwhelming response from readers, the CARE TODAY society had funds flowing in from all quarters to aid it in its efforts to help those rendered homeless and jobless by the devastating earthquake of January 26.

 

 
STATES
   

Reeling Estate
Gujarat is witnessing a strange phenomenon with the two hands of the Sangh Parivar, the RSS and the VHP, earning public goodwill and the BJP leadership finding itself in the hot seat over links with the building mafia.

 

 
NEIGHBOURS
 

Bust to Dust
International outrage doesn't deter the Taliban militia from pushing ahead with its plan to destroy historical statues, including the 2,000-year-old Buddha statues in Bamiyan.

 

 
ARCHAEOLOGY
 

Piecing the
Ahar Puzzle
Excavations of sites from the 4,500-year-old Ahar culture provide clues to the link between the Harappans and their predecessors.

 

 
OTHER STORIES
     
 



 
  Home  
 

VIEWPOINT: FIFTH COLUMN

Balking at BALCO

Sonia Gandhi has a lot of explaining to do on her party's stand on privatisation

Writing a political column is a tricky business. Politics is contentious at the best of times and there are as many who object to what you say as those who applaud. If the subject is controversial-like Sonia Gandhi's qualifications to rule India-the problem becomes acute. When she first appeared on our political landscape as a prime ministerial candidate and this column took the view, often and clearly, that it was risky for India-barely decolonised-to be ruled by a leader of Italian make, hate mail poured in and I was accosted at airports and other public places by complete strangers who berated me for attacking Sonia. Then after the last general elections, when she led the Congress party to its worst defeat and slunk temporarily into the background, I stopped writing about her only to find myself accosted by strangers who demanded to know why I no longer wrote about Sonia. Well, mainly because she was no longer news, but it's hard, as the old saying goes, to keep a good woman down and last week when she surpassed Mamata Banerjee in dangerous populism she left me with no option but to write about her once more.

Two incidents inspired me: Congress shenanigans in Parliament over Government attempts to privatise BALCO (Bharat Aluminium Corporation) and Sonia's hectoring and hysterical speech at a farmers' rally in Delhi. Both incidents prove that Sonia, despite her brave efforts to learn Hindi and become Hindu (Kumbha semi-submersion), remains a poster girl for the kind of politics India does not need. It is the kind of politics that puts the interests of some pathetic political party or leader over the interests of India. Congress is far from being the only political party whose leitmotif is cheap populism, but as our main opposition party is it not fair to expect from its leader a small measure of responsibility, if not a little honesty?

Surely she owes it to the public to explain why she opposes a privatisation policy that was first put in motion by a Congress government? If she thinks that P.V. Narasimha Rao and Dr Manmohan Singh were wrong to advocate it in the first place, then she has even more explaining to do because she needs to tell us what alternative economic strategy she has for spending taxpayers' money more wisely. The fact is that in the past 50 years, more than Rs 2,24,000 crore of our money has been poured into public-sector enterprises that have shown almost no profit. This is money that could have been, as this column points out ad nauseam, much better spent on things that ordinary Indians so desperately need: schools, hospitals, roads, electricity and drinking water. We are among a small handful of countries left in the world that remains unable to provide these basic necessities to the majority of its citizens and the excuse our leaders always give is: sorry, no money. Meanwhile, there has been more than enough money for the government to indulge in hopelessly loss-making entrepreneurial activities.

Privatisation is an attempt to rectify priorities that have gone completely awry but the Congress opposes this as do our Marxist parties. If the BALCO sale goes ahead, it will be only the second government company to be sold-the other being a bakery called Modern Food Industries Ltd. Sonia is apparently so passionately against privatisation that one of her few speeches in the Lok Sabha was provoked by the sale of the bakery. Then also, as they are doing now, Congress MPs following their leader shouted about the family silver being sold for a song. The truth is that the Government, in both cases, had the companies valued by firms of international repute and then offered them for sale in full public view.

So, transparency is not the issue. Privatisation is. And the Congress now tells us that it opposes it fundamentally. If this was the truth then it may even have been acceptable but Congress governments in Karnataka and Madhya Pradesh are going full steam ahead with their own privatisation programmes. So, the shenanigans in Parliament are nothing but a joke-an attempt to mislead the public.

The same, alas, is true of Sonia's charge that farmers are being treated ''worse by this Government than they have ever been before''. Indian farmers face serious problems but these are the result of an accumulation of bad policies over many, many years. In far too many of these many years, we were ruled by Congress governments led by Sonia's husband, mother-in-law and grandfather-in-law. Besides, all that the farmers' rally was treated to were polemics and populism. What farmers need are new policies but they will never get them because the Congress' attempt appears to be to oppose for the sake of opposition and to prevent the functioning of Parliament at any cost. This is exactly the kind of politics we do not need.


 

 
 
 
Care Today
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MetroScape
Personality Matters Those behind the Grasim Mr India contest think it is one up over other male pageants.
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more...


Looking Glass

Mumbai: Swarovski Boutique

 
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The Keoladeo National Park Sanctuary in Bharatpur gets an unprecedented number of migratory birds due to the dry spell last year. But experts feel another drought could be disastrous, writes INDIA TODAY's Supriya Bezbaruah in
Despatches.

 

 
 
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"The only obvious competition is in bhangra," say the Pakistani duo of the music group, Strings, in conversation with INDIA TODAY's Sonia Faleiro in
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