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RE:Avoid the harakiri
by Govardhan Brown on Jul 19, 2008 11:49 AM

Girish, who stopped the Government of India, headed by an eminent economist, no less, from raising petroleum prices and ensuring demand goes down? The same will and resolve that they are showing for this nuclear deal could have been used to rationalise oil-fuel prices. You don't have to be an "eminent economist" to realise that if a public sector company is losing @ Rs. 400crores a day in subsidies, very
shortly it will be bankrupt. A very senior bank official to whom I was making this point, said cynically, "toh kya hua, IOC, BPL, HOC khokli ho gayi toh Reliance ko bech dhenge!" I burst out laughing. Such is the cynicism that rules India today.

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