PaRCha - JNU - AISA material - 2013 ID-35222
.
recommending only a marginal lowering of the price to take into account the appreciation of.
the rupee. As a result, RIL reneged on its earlier offer to NTPC. Now RIL is poised for one.
more price and profit hike..
.
Given the wave of scams and the perceptions generated by the way policy has served the.
growth of Reliance as a group, this has spurred the new round of allegations noted above. But.
the issue is more fundamental. The creeping reform of the 1980s and the accelerated.
liberalisation of the 1990s and after have changed the relationship between state and capital.
in India. The rise of the Reliance group is itself illustrative of that change. Increasingly, the.
government has presented itself as being in partnership with private capital, and eager to.
prove that it would not "renege" on the contractual relationships it forged with private.
industrialists. In the process, it was inevitable that at different times and different.
circumstances one or the other business group had a special relationship with one or the other.
segment of the state, gaining substantially from it..
.
Offering access to the nation's mineral reserves in the name of finding resources to exploit.
them has been one of the ways in which that partnership between the state and private capital.
has evolved. Unfortunately, mineral, oil and gas reserves are limited. So, providing some.
entities access to them implies excluding others. The problem is that actions which are in the.
first instance justified in terms of expediency are soon influenced by design. And that design.
involves, in the final analysis, an engineered redistribution of national income and wealth in.
favour of a few of India's capitalists..
..
PaRCha - JNU - AISA material - 2013 ID-35222
.
recommending only a marginal lowering of the price to take into account the appreciation of.
the rupee. As a result, RIL reneged on its earlier offer to NTPC. Now RIL is poised for one.
more price and profit hike..
.
Given the wave of scams and the perceptions generated by the way policy has served the.
growth of Reliance as a group, this has spurred the new round of allegations noted above. But.
the issue is more fundamental. The creeping reform of the 1980s and the accelerated.
liberalisation of the 1990s and after have changed the relationship between state and capital.
in India. The rise of the Reliance group is itself illustrative of that change. Increasingly, the.
government has presented itself as being in partnership with private capital, and eager to.
prove that it would not "renege" on the contractual relationships it forged with private.
industrialists. In the process, it was inevitable that at different times and different.
circumstances one or the other business group had a special relationship with one or the other.
segment of the state, gaining substantially from it..
.
Offering access to the nation's mineral reserves in the name of finding resources to exploit.
them has been one of the ways in which that partnership between the state and private capital.
has evolved. Unfortunately, mineral, oil and gas reserves are limited. So, providing some.
entities access to them implies excluding others. The problem is that actions which are in the.
first instance justified in terms of expediency are soon influenced by design. And that design.
involves, in the final analysis, an engineered redistribution of national income and wealth in.
favour of a few of India's capitalists..
..