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Montek Singh Ahluwalia – Man of the month – SME World Feature

Aroon Sharma
Jun 2009

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It's Montek Singh Ahluwalia! In him has reinvested, Dr Manmohan Singh his confidence! Having set for UPA-II a socio-economic high for India, the acknowlegded economist in the Prime Minister has handpicked the equally acknowledged economist in the Deputy Chairman of the Planning Commission for a second term.

The co-ordination and cordiality between the two, that Montek Singh Ahluwalia's name did the rounds as the next Union Finance Minister till the cake-de-resistance of North Block went to Pranab Mukherjee an economist, too, but with the bonus points of having presented the General Budget in the Indira era of 80s.

Montek and All His Men make a reading of reassurance vs recession:

Saumitra Chaudhiri:

Before being inducted on the Plan Panel, he was a member of the Prime Minister's Economic Advisory Council. He had also been an advisor to ICRA the rating agency. Going back, he had led a committee to decide on the all-industry duty drawback for the year 2006-07.

Mihir Shah:

He is spoken of in glowing terms. A media shy, camera shy economist, he is the face of the Samaj Pragati Sahayog the only agency of its kind involved with availability of water and food security in the tribal drylands of India. He is just the piece in the puzzle which agro-India is!

Syeda Hameed:

Nominated for a second term, she is one of the founder trustees of Women's Initiative for Peace in South Asia, a founder member of the Muslim Women's Forum, also a founder member of the South Asians for Human Rights. She is a member of the National Commission for Women.

Narendra Jadhav:

An economist of many hues, he joined the Reserve Bank of India in 1977, later heading its Department of Economic Analysis and Policy. Between 1982 and 2002, he was an advisor to the executive director at the IMF. He has been advisor to Governor, National Bank of Ethiopia.

Abhijit Sen:

Re-nominated for a second term, he has been on official commissions and committees, the prestigious one being as Member, High-Level Committee on Long Term Grain Policy. A consultant with world organizations, he specializes in agriculture, employment, reforms, poverty.

B.K. Chaturvedi:

Also re-nominated for a second term, he is a former Cabinet Secretary. Credited for having liberalized the sectors of petroleum and insurance. He oversaw the passing of the Insurance Regulatory and development Authority and abolition of administered price mechanism.

Montek Singh Ahluwalia is already on the job. On disinvestments, he told the mediapersons, that “there can be no really no objection whatsoever to disinvesting while keeping government's stake of upto 51 per cent. I think, there is a lot of scope for raising resources through disinvestments. It is very rational proposal and I would favour it”

As for stimulus in the General Budget, he explained “ I should mention that the Interim Budget already included a significant increase over the previous year. So, the 2009-2010 numbers are already substantially higher. We are looking at the expenditure absorption capacity of different sectors, then make recommendations on Plan expenditure.”

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