From: Mahesh Mahadarshee <mahadarshee@gmail.com> Date: Tue, 27 Jun 2006 10:32:38 +0530 Subject: Re: Tusar N. Mohapatra : It is simply criminal to oppose NALCO Disinvestment. To: Sachi Satapathy <sachisatpathy@gmail.com>
Sachi bhai, It is with reference to Mr Mohapatra's view about NALCO disinvestment. He himself appears myopic when he can't relate economics to politics. Theories of economics have hardly anything to do with the realities of politics.
Rolling back of State in the name of west defined reforms- be it structural sdjustment or fiscal reforms- doesn't make any sense. Jobless growth in post-liberalisation Indian economy has enriched the rich further at the cost of nearly 50%(500 million) of Indians. India doesn't belong to the rest 50% of populaton. Every Indian has equal stake in the Country's resources. It is the Prime Minister's responsibilty to ensure the equitable distribution of resources. Our Constitution provides in Article 38(PARTIV)-
'The State shall promote welfare of people by securing a social order permeated by social, economic and political justice, minimise inequalities instatus, incomes and opportunities among individuals and groups."
As such policy should not make only economic sense. Mittal's Arcelor take-over is a wrong analogy to NALCO disinvestment. If Prime Minister, like private businessman, looks upon realities from purely theoritical economic perspective, I would say with great courage of my convictions he is MYOPIC. Regards, Mahesh
Respected Sachi sir,
ReplyDeleteIt’s a comment regarding the privatization process of NALCO, Orissa. When we are going to take a decision, which has a long-term effect on a state, we should not bring into the claws of narrow politics, which is a case of orissa’s NALCO privatization.
Presently there is a big rush between two major political parties for this. In my point of view purely it should be handled by some inlectuluals, having perfect knowledge on this.
Being a student from economics stream i can suggest that, our present economic scenario is denying us to take this action.
Now the soul aim of the state should be welfare maximization, which will hamper by the process of privatization.
PRADEEP KUMAR CHOUDHURY.
M.A. ECONOMICS.
CENTRAL UNIVERSITY HYDERABAD