Document Fragment View

Matching Fragments

MR. CHAIRMAN: Shri Basu Deb Acharia, you have already taken 40 minutes.

SHRI RUPCHAND PAL (HOOGLY): Sir, let him come to the workers’ cause.

SHRI BASU DEB ACHARIA (BANKURA): I can manage my time. … (Interruptions) I am talking of large private sector companies. Out of 11,785 companies, 2,885 companies are sick and have been referred to the BIFR. So, the percentage of the sick private sector companies is not less than the public sector companies. So, how can the Government say that the private sector companies are better managed than the public sector companies? They need efficient management. They want a global player. They want level-playing field. They are saying so many things like global player, etc. Bharat Heavy Electricals Limited has a global player. Now, you have disinvested IOC. You will not allow IOC to purchase the shares of IPCL, another public sector company. Your choice is Reliance.

… (Interruptions)

SHRI RUPCHAND PAL (HOOGLY): Sir, he is debating the whole question. … (Interruptions)

MR. DEPUTY-SPEAKER: Hon. Minister has not even replied, why are you interrupting him?

… (Interruptions)

SHRI RUPCHAND PAL (HOOGLY): Sir, the hon. Minister has the capability to do it. … (Interruptions) Why not the hon. Minister debate the whole… … (Interruptions)

MR. DEPUTY-SPEAKER: Nothing will go on record.

(Interruptions) … (Not recorded) MR. DEPUTY-SPEAKER: Shri Kharabela Swain, now you are creating the problem. Please resume your seat.

SHRI RUPCHAND PAL (HOOGLY): There is no transparency.

SHRI ARUN JAITLEY: This is the first time I have come across an argument. Yes, you came out with the tender. You came out with the bidding process. You selected the highest price and also the best partner in that process. Is that bidding process not a transparent process?

(c4/1805/rs/nsh) The two are absolutely contradictory. There is not a single transaction which has taken place, nor is it taking place… (Interruptions)

SHRI RUPCHAND PAL (HOOGLY): Would the hon. Minister please explain the experience of GAIL and the book building process?

SHRI RUPCHAND PAL (HOOGLY): According to Swaraj Paul's observation, 'there is no private sector'. The private sector is having money from the financial institutions.

THE MINISTER OF PARLIAMENTARY AFFAIRS AND MINISTER OF INFORMATION TECHNOLOGY (SHRI PRAMOD MAHAJAN): But he needed Swaraj Paul to tell him that… (Interruptions)

SHRI RUPCHAND PAL (HOOGLY): Yes, their friend.

SHRI ARUN JAITLEY: But, there is a fundamental distinction and that, Shri Aiyar, is a distinction between apples and oranges. When the private sector does badly, it is not the taxpayers of India who pay for its performances… (Interruptions)