Business & Economy
hand in aircraft purchase
What is India News Service,
Monday, 20 December 2004, 2000 hrs IST
For the first time, the Prime Minister, Dr Manmohan Singh, and the Union Minister for Civil Aviation, Mr Praful Patel,
have distanced themselves
from the purchase of aircraft for the national carriers \97 Indian Airlines and Air-India.
Now a committee headed by Mr C.G. Somaya, a former Comptroller & Auditor-General and former CVC, and comprising the present Secretary, Expenditure, and Secretary, Civil Aviation, will take all decisions regarding the imminent fleet augmentation worth around Rs 10,000 crore for Indian Airlines. An \93immediate\94 notification to this effect was issued by the Prime Minister\92s Office on December 14.
Speaking to The Tribune, Mr Patel was candid about the motivation behind the move. \93Ill-informed gossip, including details of pay-offs, have been floating around. In this country, everybody speaks with authority on corruption. When I took over, I had decided I would have to bite the bullet of aircraft purchase since the last planes were brought when Rajiv Gandhi was Prime Minister. If we don\92t buy aircraft we might as well shut down the airlines.\94
Mr Patel then went and shared his feelings with the Prime Minister and the Finance Minister, Mr P. Chidambaram, offering to let them take all the decisions. Then the three jointly took the decision to distance themselves from the process.
Asked if he was relinquishing the most coveted power of the Aviation Minister, Mr Patel, who still drives his private car and does not draw a salary, had a simple answer: \93I was fed up of all the baseless allegations of corruption. Every time aircraft have been bought, a CBI inquiry has followed as night follows day. I thought this would be a pragmatic way to do the job and avoid the muck.\94
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India pitches for trade with Malaysia:
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Investors\92 interests will be
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S&N to make open offer for 20 pc
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I-T Act change to enable 'public interest' bank mergers:
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Lexia luxury bus rolls out:
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Throttle continues to be in
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Jindal Stainless raises $ 50 mn for Orissa project:
Jindal stainless announced that it has raised $50 million through foreign currency convertible bonds to fund the capital expenditure in its upcoming integrated ferro alloy and stainless steel facility in Duburi in