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PRIME MINISTER Mr. A.B. VAJPAYEE AND THE ABDICATION OF POWER
This book deals with the 31 letters and the circumstances that led to the abdication of power by Prime Minister of India Mr. A.B. Vajpayee.
The National Democratic Alliance (NDA) led by Mr. A. B. Vajpayee wanted to convert the public resources of India into private assets. The reason given was fiscal deficit.
The ruling class of India wanted the Government to hand over all Public Sector Undertakings (PSUs) to them on business principles. They said that the Government has no business to do business. They described this as reform.
In 2001, the Government handed over the public sector Bharat Aluminium Company (BALCO) to a private company and disclosed its intension to privatize all other major PSUs.
The unconstitutional nature of the conversion of public assets into private assets disturbed the mind of all right thinking people.
Therefore, the present man gave some suggestions to Prime Minister of India Mr. A.B. Vajpayee to manage the fiscal deficit and to save the PSUs.
Though he took some solid positive steps, the system refused to listen. Therefore, letters were sent to the President of India.
The then President of India, Mr. K.R.Narayanan, wanted to protect the public assets. But he could not. About 32 PSUs – the VSNL and the IPCL included- were privatized during his period. The Prime Minister of India did it with the help of 21 coalition parties.
Then Dr. A.P.J. Abdul Kalam became the President of India. He stubbornly opposed privatization. He did not allow the privatization of any PSUs for a long time. However, defying him the Hindustan Zinc Limited (HZL) was cunningly privatized in August 2003. This prompted him to talk about corruption. After this, the airports in Mumbai and Delhi were privatized. In utter desperation, he began to recite prayers. At times, he rejected the protocols to talk against corruption.
The differences between the Prime Minister and the President over the privatization issue were so-sharp that the former said that the differences should not develop into personal grudge.
Finally, the HPCL/BPCL judgment of the Supreme Court of India restrained the Government from selling the PSUs without the prior approval of the Parliament.
After twenty four letters, the Prime Minister decided to abdicate power and dissolved the Parliament. He managed to privatize just two major PSUs under President Dr. A.P.J. Abdul Kalam.
The National Democratic Alliance (NDA) led by Mr. A. B. Vajpayee wanted to convert the public resources of India into private assets. The reason given was fiscal deficit.
The ruling class of India wanted the Government to hand over all Public Sector Undertakings (PSUs) to them on business principles. They said that the Government has no business to do business. They described this as reform.
In 2001, the Government handed over the public sector Bharat Aluminium Company (BALCO) to a private company and disclosed its intension to privatize all other major PSUs.
The unconstitutional nature of the conversion of public assets into private assets disturbed the mind of all right thinking people.
Therefore, the present man gave some suggestions to Prime Minister of India Mr. A.B. Vajpayee to manage the fiscal deficit and to save the PSUs.
Though he took some solid positive steps, the system refused to listen. Therefore, letters were sent to the President of India.
The then President of India, Mr. K.R.Narayanan, wanted to protect the public assets. But he could not. About 32 PSUs – the VSNL and the IPCL included- were privatized during his period. The Prime Minister of India did it with the help of 21 coalition parties.
Then Dr. A.P.J. Abdul Kalam became the President of India. He stubbornly opposed privatization. He did not allow the privatization of any PSUs for a long time. However, defying him the Hindustan Zinc Limited (HZL) was cunningly privatized in August 2003. This prompted him to talk about corruption. After this, the airports in Mumbai and Delhi were privatized. In utter desperation, he began to recite prayers. At times, he rejected the protocols to talk against corruption.
The differences between the Prime Minister and the President over the privatization issue were so-sharp that the former said that the differences should not develop into personal grudge.
Finally, the HPCL/BPCL judgment of the Supreme Court of India restrained the Government from selling the PSUs without the prior approval of the Parliament.
After twenty four letters, the Prime Minister decided to abdicate power and dissolved the Parliament. He managed to privatize just two major PSUs under President Dr. A.P.J. Abdul Kalam.
326 pages, Kindle Edition
Published August 27, 2017
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