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Sir, the Indian Oil Corporation has been complaining that their land and petrol pumps have been sold out. They are objecting as to how the Government could have sold their land and petrol pumps. The significant question here is, has any head rolled? Has anybody suffered?

SHRI MANI SHANKAR AIYAR (MAYILADUTURAI): He has been given another Ministry! SHRI SOMNATH CHATTERJEE : I hope my good friend, Shri Maran comes back and dislodges him. But I would like him to approve my SEZ.

Sir, this book titled, `Disinvestment Policy and Procedure’ was the Bible of Shri Arun Shourie. I do not know now if he had any occasion to touch this book or not. Very significantly there is no mention of any date of its publication. This is very significant. What are the objectives of the policy? It has been mentioned at page 10 of the book and I quote:

MR. SPEAKER: Please do not disturb him. Please sit down.

… (Interruptions)

SHRI SOMNATH CHATTERJEE : I say that I have the great honour to be a neighbour of Orissa. My State is a neighbour of Orissa. We are in friendliest of terms with Orissa. There are always some exceptions and aberrations.… (Interruptions)

SHRI KHARABELA SWAIN : You are a fringe party in Orissa.

SHRI SOMNATH CHATTERJEE : There is a very well-known author. I believe that many of us would have read this book. This is not a publication of the CPM. He is Mr. Joseph Stiglitz, the former Chief Economist in the World Bank. My friends from that side, it is your headquarters! He is the former Chairman of President Clinton’s Council of Economic Advisors. You would have been happier if he were the Advisor to Mr. Bush. He is the winner of the Nobel Prize for Economics for the year 2001. What has he said? I quote. I shall end my speech with this.

"In industrialized countries, the pain of layoffs is acknowledged and somewhat ameliorated by the safety net of unemployment insurance."
 

 Sir, I know what I am saying. You will wholly agree with me when I say this. I have seen you performing as the Minister of Industry. I am not trying to make you happy. We have always felt that here is a friend of the country, friend of the industry and friend of the workers. I am sure, sitting in that august seat, you will maintain that. I quote further:

Of course, they always like to quote America, England and what they said and so on, but only yesterday we had the speech of the President of United Republic of Tanzania in the FICCI. He had this to say and I quote:

"Tanzania of today is very different from that of 1970s and 1980s, when we were almost totally centrally planned economy. We came to realise at considerable cost that Governments are not very good at doing business. So, we decided to leave business to business people and concentrate instead on the traditional functions of the State, including social services, law and order, administration and promulgation and enforcement of regulatory mechanism."