Its all about the aam aadmi and kisan for politicians in India. Union minister for chemicals and fertilisers, Ram Vilas Paswan, at a recent press meet, resorted to these two catchphrases for any query asked. Be it the spurt in gas prices affecting the fertiliser companies or the draft policy on pharmaceuticals, Mr Paswans response was loud and clear. We will not allow the aam aadmi to suffer from rising drug prices and the kisan from rising urea prices, Mr Paswan said. What was left unanswered was how fertiliser companies would cope with rising gas prices for the sake of these two entities.
The State Bank of India (SBI), which has two managing directors, is bidding one goodbye, with Ashok Kini retiring on December 31. The portfolios are normally distributed between the two MDs, who share the load. However, insiders at the bank say TS Bhattacharya, the other MD, has been readying over the past two months to mind the portfolios handled by Kini after he retires. One SBI insider told Eavesdropper that knowing the speed with which government fills top positions at banks, it may be a long wait for SBI before it welcomes Kinis successor. Hence, its better for Bhattacharya to get familiar with Kinis portfolio as early as possible. It seems the SBI top brass are a forward-looking lot.