Sunday, Nov 27, 2022

12th Plan paper: Jairam,Anand differ over ‘crony capitalism’

It was triggered by a senior minister who said that any such reference in an official document could be construed as an implicit admission of its existence in the UPA regime.

With corruption and scams dominating the current political discourse,a full Planning Commission meeting on Saturday witnessed a debate on whether there should be a reference to “crony capitalism” in the approach paper to the 12th Plan. It was triggered by a senior minister who said that any such reference in an official document could be construed as an implicit admission of its existence in the UPA regime.

At the Planning Commission meeting to discuss the 12th Plan document,Rural Development Minister Jairam Ramesh appreciated the fact that it was “upfront” about crony capitalism and added that the document should deliver the message about the UPA’s commitment to governance and transparency,sources said.

Speaking later,Commerce and Industry Minister Anand Sharma expressed reservations about the mention of crony capitalism,saying that the government should be careful about the use of words in official documents.

In a chapter on governance,the 12th Plan document delved into the allocation of scarce natural resources to private parties for profit-making commercial activity and stated that if the price is not determined by the market,such an allocation involves an implicit rent and could feed suspicion that crony capitalism is at work.

Subscriber Only Stories
JK Cement’s SPSU Udaipur Launches ‘Golden Batch 2022’ In Collaboration Wi...Premium
Appendicitis in Children- A new lifestyle disorderPremium
Using evidence will create strong foundations for the future of education...Premium
Re-Defining The Tradition In Folk Art: An Art Educator’s PerspectivePremium

Anand Sharma was of the view that mentioning crony capitalism in the official document might be misconstrued as UPA’s admission of its existence,sources told The Sunday Express.

Later,Prime Minister Manmohan Singh was said to have endorsed Sharma’s views advocating caution even as the PM asserted the government’s commitment to combat corruption. Sources said there was no decision on whether to retain the controversial reference and a final view would become clear when it came up for Cabinet clearance.

At the meeting,Corporate Affairs Minister M Veerappa Moily emphasised the need for “decision-making” advocating broadly four “pillars” of reforms — fiscal,human resource,governance and processes like Competition Commission.

Girl dies after swallowing tablet at school

Advertisement

A 10-year-old student of a Secunderabad school died after she swallowed a de-worming pill distributed by school authorities on Saturday,police said. The girl,Khushboo,was a fifth grader at the Marwari Hindi Pathasala. According to the school,the the tablet might have got stuck in her throat. But,the girl’s relatives alleged that the school gave her an expired tablet.

First published on: 16-09-2012 at 12:36:10 am
Next Story

For Infinite Gratification

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement