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Wednesday, Sep 29, 2021
Outlook.com

Crossed Wires

The Opposition accuses Sukh Ram of favouring HFCL

Crossed Wires
Crossed Wires
outlookindia.com
-0001-11-30T00:00:00+05:53
THE cork from the champagne bottle may have popped a little too early for Himachal Futuristic Communications Ltd (HFCL). In fact, they just might have to recork it and with it the fortunes of Communications Minister Sukh Ram. Facing a combined assault from opposition members in both houses of Parliament and neutered backing from his own party benches, Sukh Ram seems to have found his Achilles heel in HFCL.

While irate opposition members talk about the ‘Himachal’ connection (HFCL’s top brass hail from the state), the basic reason for discontent is the policy of capping, allowing HFCL to choose three circles, resulting in a loss of Rs 20,000 crore to the exchequer. Had the Government asked HFCL to select the circles where it had bid the highest, as it ought to have, it would have to pay Rs 45,000 crore instead of the Rs 25,000 crore it will now pay.

Established in 1987, two of HFCL’s promoter-directors, Vinay Maloo and Mahendra Nahata, are quite clueless about the telecom business. Maloo made a living selling marble slabs and Nahata hawked tea leaves in...

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