Disinvestment Commission members wait to
hear from government on their resignations
Disinvestment Commission Chairman G V Ramakrishna today said he had not received any response from the government on the resignations submitted by him and other two
commission members. The tenures of all the four-members of the commission come to an end on November 29.
''We have received no feelers whatsoever from the government,'' Ramakrishna said adding that he was unaware of any meeting between Prime Minister Atal Bihari Vajpayee and Minister for Heavy Industry Manohar Joshi.
Three of the four-member Disinvestment Commission - Ramakrishna himself, well-known economist Suresh Tendulkar and former State Bank of India chairman Dipankar Basu - had submitted their resignations on the day the Vajpayee government took oath. However, the fourth member of the commission, the National Thermal Power Commission Managing Director Rajendra Singh, had not put in his papers.
Refusing to comment on the government move to sell National Hydro Power Corporation to National Thermal Power Commission, the Disinvestment Commission chairman quipped, ''We have not been consulted.''
However, he reiterated that cross-holdings between public sector units to bridge the fiscal deficit would not be in the interest of the country.
Unless the government adopts ''innovative ways,'' he said, it will not be able to achieve the
Rs 10,000 crore divestment target for 1999-2000.
Asked about the proposed Disinvestment Implementation Authority, he
said the focus of government efforts should be on implementing the
commission's recommendations. ''In the last three years, none of our
suggestions were heard,'' he said.
Ramakrishna regretted that there had been no interaction
between the ministries concerned and the commission. ''There has only been one way traffic...we give suggestions apparently to be ignored.''