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NEWSNOTES
 Former
Union finance minister Dr Manmohan Singh defends the Opposition's handling
of the UTI scam.
Q. The Opposition seems to have let off the
Government easily on the UTI scam.
A. The media didn't notice we put the Government on the mat.
Q. Did UTI's Rs 1,073 cr investment in Reliance
in 1994 when you were in power compromise you?
A.
UTI has not lost money in this investment. The CBI looked into the deal
and gave it a clean chit. If there was something wrong they can hang me.
Q. What about UTI's investment in PSU shares?
A. The decision to invest UTI money in PSUs was taken by Yashwant
Sinha in 1991 when he was in the Chandra Shekhar government.
Q. How do you rate the Government's performance?
A. The
Treasury benches were used by a corporate house to settle scores with
another. If corporate houses are going to be victims of political warfare,
it is goodbye to orderly governance.
Q. Could you elaborate?
A.
The Government has launched a campaign against Reliance. The group may
be controversial but it is also the best-known company outside India.
Sustained campaigns against companies like these would affect the country's
credit rating abroad.
—Lakshmi Iyer
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