In an interview with CNBC-TV18's Shereen Bhan, Navin Chawla Former CEC, Soli Sorabjee Former Attorney General. Ashok Jha Former Finance Secretary and Ajay Dua Former DIPP Secy discuss what can the government do and what it cannot.
Industry has been complaining about policy paralysis, but this is the first time that someone is taking the government to court for policy paralysis. More curious part is that one arm of government is taking another arm of government to court for inaction.
Poor investor response to the recent ONGC stake auction has pushed the government into a corner, looking for ways to meet its divestment target for FY13.
Reining in the fisc is part of Budget 2012 special series. From the RBI to global investors among others, the government’s fiscal indulgence has had everyone worried. After failing on this count this year, can the finance ministry overcome politics to regain a sense of fiscal credibility?
Ashok Jha, former finance secretary and Ajay Shah, senior fellow at NIPFP, in an interview to CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, shared their views on the government borrowing programme.