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Agencies
NEW DELHI, NOV 25: Disinvestment Commission chairman G V Ramakrishna today said he has not received any indication from the government on the resignations submitted by him and other two commission members even as barely a few days are left to end their tenure.
"We have received no feelers whatsoever from the government," Ramakrishna said adding he is unaware if there was any meeting between Prime Minister Atal Bihari Vajpayee and Minister for Heavy Industry Manohar Joshi slated for yesterday.
Their tenure ends on November 29, 1999. Refusing to comment on the government move to sell National Hydro Power Corporation to NTPC, the Disinvestment Commission chairman quipped, "we have not been consulted".
However, Ramakrishna 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', it will not be able to achieve the Rs 10,000 crore disinvestment target for 1999-2000. He declined tocomment if cross-holding would be an `innovative way'.
Asked on 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.''
Ramakrishna regretted that there has been no interaction between the ministries concerned, finance and industry, and the commission. ``There has only been one way traffic... We give suggestions apparently to be ignored.'' For instance, he said the government has not implemented any of the commission's recommendations in the last three years.
Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.
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