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Wednesday, Aug 14, 2002

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Economic menace

The Finance Minister, Mr Jaswant Singh, should announce plans to check/prevent the following economic problems in the administration:

  • Rs1,10,000 crore that is blocked in NPAs of the nationalised banks.

  • More than Rs 2 lakh crore is in circulation in the form of black money.

  • Steps yet to be taken to downsize the Government and the PSUs.

  • Strategy yet to be introduced to bring down the overhead expenditure of Government/State government corporations.

  • Probe into disappearance of NBFC's, chit funds, blade companies, and so on.

  • Investigations into the working of UTI, SEBI, PSBs, insurance companies.

    It is hoped that the Finance Minister will not lag behind in booking economic offenders in various fields of the administrative/financial institutions.

    N. P. Kumar

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