NL Interviews Naveen Jindal

Jindal talking about “UNLEASHING TERROR ON US” is the most laughable phrase. Its impossible to take jindal on face value. He admitted that his comp got coal blocks without auction and was generous enough to take which were rejected by Coal India. you get coal not on market value, but sell electricity on market price (4.5 rupees/unit) which is more than what Govt charges on normal basis. So where does the economic burden going to shift ? obviously on consumers, they are paying more per unit only because jindals want to EXTORT returns from the consumers. You gets coal on non-auction basis( at much lower price) because you have all internal information being part of govt.,exhibit your self claimed great efforts saying we invested in building a plant etc where no body was willing to venture into, sidetrack the Coal India and push it to abysmal economic conditions where it start making losses. and as a result of forward linkage, NTPC etc also get down in the trap with less availability of coal, then you say we now need to dis-invest particular percentage of it so that it can be revived a bit, and ultimately bring in the actions of private players who finally gets their acts together and done as they were waiting for this day. Same is the case with Air India which was knowingly put into category of loss making PSE coz minister at the helm of affairs has been alleged to have profited the private players in the domain, Jindal says there were hardly any takers in 2000 and its we who made it into a profitable venture. The fact of the matter is that its the responsibility of the govt. to carry on the capacity and managerial building in PSEs like Coal India. NTPC, Air India etc and not to take the ownership of such risky assets through their private enterprises. Its been the fight between govt own PSEs and Private enterprises owned by none other than the MPs themselves that they execute policy with the aim of benefiting their private ventures than Govt ventures, something which they should not being an MP. If jindal would have been just a business man, i would have no problem. But its the sheer downgrading efforts on the part of MPs having private enterprises or those working implicitly as the representatives of the private players , to keep the PSUs/PSEs in pathetic condition on managerial/ resource/ technological/ capacity front and never make them capable enough to compete to these self claimed Efficient Private Enterprises. In india, these tendencies have let the downfall of PSEs barring a very few. Sorry Mr. Jindal, you have right to put on table your case, but i can’t buy it.