ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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VoIX No 13
Skylark 284 Frere Road Bombay 400 001
Grams Econweekly Editor Krishna Raj Assistant Editor Rajani X Desai Editorial Staff Colin de Souza, Ashok Rao, A A Dalvi At Private Sector's Service THE question of shares of government undertakings being allotted to the public has suddenly become the subject of passionate debate. It has even caused a public wrangle between two junior Union Ministers and the Prime Minister herself has felt impelled to defend the proposal, attributed to Industry Minister T A Pai. Its supporters have tried to make the proposal look like a major innovation in economic policy. If that is what it is, then this is a case of necessity having been the mother of innovation. For the Scooters India project, which is what has brought up the whole question, was originally conceived of as a joint sector project with the government, API and the Italian collaborators participating in the share capital. But when API backed out of the project and the Planning Commission cut the Plan allocation for it, the Industry Minister was forced to come up with the idea of 'public participation' to raise resources for the project.

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