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NEWSNOTES
Finance Minister YASHWANT SINHA
feels the stock market scam will not have any long-term impact on the
economy.
Q. The aura that surrounded your budget has
been shattered in less than a month.
A. Firstly, I had not created
any aura. Secondly, nothing has been shattered. Everyone welcomed the
budget. Later developments are temporary in nature and will not have long-term
effects on the economy.
Q. The Government has not faced any graft
charges in the past but suddenly there is a barrage of allegations.
A. Corruption
exists in the system. Individual cases keep cropping up but our Government
is determined to fight corruption.
Q. There is speculation that some RBI officials
were acting in collusion with Ketan Parekh.
A. I am not a journalist, so
I won't speculate. I am in government and will take action based on facts.
At present the RBI and SEBI are under probe.
Q. How will you bring economic reforms, which
stand derailed, back on track?
A. Yes, there is a setback.
But don't rush to the conclusion that the economy is derailed.
Q. What are your main worries about the economy?
A. I worry about the monsoons
and the rise in petroleum prices. I worry about unpredictable problems.
-Pranjal Sharma
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