No minister to answer queries on credit policy
The collective absence of senior economic ministers in the Capital saw queries related to credit policies going unanswered by the political leadership.
Prime Minister Manmohan Singh, who was only wheeled into surgery after he laid down a clear succession line in government, leaving external affairs minister Pranab Mukherjee in charge probably never dreamt that events in Sri Lanka would trip up his arrangements on its first working day.
Mr Mukherjee, who is heading the finance ministry after a quarter of a century has had to hold onto his foreign office hat a bit too hard as the Sri Lankan army-LTTE conflict reaches endgame. Despite cancelling all his travel engagements, Mr Mukherjee has had to undertake this trip. He is yet to enter North Block and take formal charge of the finance ministry.
Those looking for any direction on policy would have been best served searching Davos, Switzerland, where senior ministers like commerce minister Kamal Nath, civil aviation minister Praful Patel, science and technology minister Kapil Sibal and even deputy chairman of the planning commission Montek Singh Ahluwalia are boosting the Indian contingent at the WEF.
It was left to top bureaucrats like finance secretary Ashok Chawla and commerce secretary G K Pillai to put out the government���s line.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.