Scuttling privatisation seems to have become a fine art, with new methods to delay, if not prevent, the sale of state-run companies. Recently, the chairman of a public sector undertaking raised objections, stating that he was not informed about an important aspect of the sale. To this, the ministry of disinvestment said that the chairman was fully informed. The chairman responded that he wasnt expected to notice every single detail of the privatisation. In fact, he had seen the documents just cursorily. Only when he was asked to sign the papers did he scrutinise the proposal in full detail!
If anyone is expecting a dream budget from finance minister Yashwant Sinha, think again. Mr Sinha himself has stated that he does not want to present any dream budget this time. Two of my predecessors who presented dream budgets soon lost their jobs. Last time, I too nearly lost my own when I presented a similar budget, he said. So, can we a expect a budget which will wake us out of our dreams...er nightmares