From Air India sell-off to ONGC-HPCL deal, Vajpayee imprint on Modi moves
With Vajpayee's imprint,
the Modi govt can refute critics who say it is rehashing UPA's initiatives
LATEST
NEWS : The buzz about the Narendra
Modi government's reformist credentials has just got a bit louder, but
one cannot avoid experiencing a sense of deja vu.
The nature of the initiatives made
and the instruments of reforms that have been used by the Modi government will
inevitably remind you of what the Atal Bihari Vajpayee government had mooted,
though with some variations, more than a decade and a half ago, almost at the
fag end of the last century.
Three weeks ago, the Modi
government had approved the strategic divestment of Air India, a task that was
entrusted to a ministerial group headed by Finance Minister Arun Jaitley. There
was jubilation over what many saw in that decision — the government's desire to
push ahead with reforms, including privatisation.
ALSO READ: Calling on the divine
for Air India
Even before such celebrations over
the government's renewed reforms drive could be over, the Union Cabinet on
Wednesday accorded an in-principle approval to the proposal of state-controlled
upstream oil major, ONGC, buying 51 per cent equity stake in another
state-controlled entity, HPCL, India's third largest oil marketing company.
Cut to 1999 and 2000 and it will
become easy to understand why both the decisions taken in 2017 look like a
rerun of the initiatives made by the Vajpayee government.
ALSO READ THIS: Presidential Election 2017 Results LIVE: Ram Nath
Kovind leads over Meira Kumar after first round
Comments
Post a Comment