|The two brothers had fought over many issues, but what sometimes got lost in the din of the battle cries was a simple fact: much of the tussle was over India’s natural resources, about how the resources were intended to be mined, marketed and monetised.'
Paranjoy Guha Thakurta shows how the simmering controversy over the rich natural gas reserves in the Krishna-Godavari Basin boiled over into a primetime storm on gas pricing involving the office of the Comptroller and Auditor General of India, the Ministry of Petroleum and Natural Gas as well as the Prime Minister's Office, even as he introduces new dimensions to it. While many reasons have been attributed to the split in the powerful Indian business family, the Ambanis, this book argues that the.. Read More
Our economy is startling if you do not want to see its other side. If you see that side, you will see it is schizophrenic. Corporate greed has crossed all bounds as has corporate tastelessness. We used to talk of black money as a parallel economy and so it continues to be. But Reliance is a parallel State. I do not know of any country where one single firm exercises such power so brazenly, over the natural resources, financial resources, professional resources and, ultimately, over human resources as the company of the Ambanis. From Ambedkar who spoke of economic democracy to Ambani who represents a techno-commercial monopoly of unprecedented scale, is a far cry indeed.
The book is outstanding on all counts: facts, research, racy reading never permitting a dull moment, yet not straying from the well-researched content. Conveys complex issues in simple language. The prologue as the curtain raiser makes the reader involved and interested. The book will serve as a good backgrounder and a ready reckoner to auditors. The depth of knowledge and detail is commendable. The issue of crony capitalism which has gripped the country so comprehensively: this subject has been clinically analyzed in chapters 10 and 14 very effectively. All in all, a must read. Strong on content, narration and objectivity. A commendable effort. I compliment the lead writer and both the supporting authors.