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यावत जीवेत सुखं जीवेत,   ऋणंकृत्वा घृतं पिबेत, भस्मीभूतस्य देहस्य   The main idea of the philosophy is, so long you live you live happily by borrowing.… (Interruptions)

THE MINISTER OF PETROLEUM AND NATURAL GAS (SHRI RAM NAIK): You have missed one line.… (Interruptions)

SHRI PRABODH PANDA : This Government knows that it will not come to power again. It seems it is not optimist to retain power next time so, it is going to sell the Family Silver as much as it can. I demand a total review of this policy as it is in contravention of the main spirit, the essence, of our Constitution. It is in blatant contravention of our self-reliant economic policy. It is not a small thing which should be taken in a casual manner. We should have an in-depth discussion on this. Our country is proud of our self-reliant economy. The key to our self-reliant economy is the State sector, the PSUs. But the Government of the day is continuing with its policy to sell out everything, all the assets and wealth of our country. This has not only weakened our self-reliant economy but it will certainly weaken the strength of our sovereignty.

SHRI SOMNATH CHATTERJEE : They are prepared to raise money from the market.

SHRI PRIYA RANJAN DASMUNSI : Yes, they are prepared to raise money from the market. Yet the Government feels that it is to collect money through disinvestment to restructure. Who do they want to restructure? Restructure their Cabinet to make somebody Deputy-Prime Minister or somebody else or restructure what? Oil companies! They do not want a single penny from Shri Arun Shourie or from the hon. Finance Minister to restructure BPL or ONGC. They do not need. Even Shri Ram Naik does not it as a Petroleum Minister. Yet, they are giving a wrong message to the nation that this fund will be utilised for restructuring.

I would ask them not to try to fool the nation and mislead us. They should tell us that they have a problem that they cannot manage the deficit Budget, that they cannot realise the things and that they have to get money and the easy way to get money is to sale the best jewellery in the market.

17.00 hrs. That is a different issue. But you do not need it. What is the market value of Juhu Hotel? Shri Kirit Somaiya has left the House. He is from Mumbai. I am not from Mumbai. I do not know the market price. I think, it is sold for Rs. 150 crore. What is the market value of the land of Juhu Hotel? It is more than Rs. 300 crore. Can Shri Shivraj V. Patil deny it? Can Shri Ram Naik deny it? The land value is more than Rs. 300 crore. You are disposing it for restructuring and calling it as a strategic sale in order to support the Government for Rs. 150 crore. You are calling it transparency. Should we not call it as some kind of a deal? If we smell a rat, should we not question your bona fide? You can realise what is the market value of the land and forget about the structure. We say this as `loot’.

The Minister has been promoted to the Cabinet rank for his great achievement. I do not grudge. I am happy. We know him. So long as he was a journalist per se, simpliciter he was quite acceptable to everybody. But he is now fighting for disinvestment with great gusto and he is carrying on with his dismantling campaign. He considers himself to be the only effective Minister here. He is the self-appointed advisor to all—to his Party, to his allies, to the private sector, to his colleagues in the Cabinet. Everyday Shri Ram Naik is getting advice, right and left punches, from him. He was carrying on with a spree until he met more than his match in Shri Pramod Mahajan. He had to halt until they were summoned by the Deputy Headmaster or the de facto Headmaster, Shri L.K. Advani. He had chastised both. I do not know who was more chastised. Now there is a quietness. There is no problem.