ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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In Search of Plots

In Search of Plots Nireekshak IN November last Morarji Desai made a statement in Lok Sabha on the cornering of shares of Indian Iron and Steel Company by Ramnath Goenka, the newspaper magnate. Contrary to Morarji's purpose, the statement confirmed by implication the general impression created earlier that it was largely the hospitality of a couple of private sector banks and the grace of the Finance Ministry which had enabled Goenka to make deep inroads into the ownership of Indian Iron. It was not altogether surprising, therefore, that the sharpest reaction to the double blow of Morarji's 'resignation' and nationalisation of the major private banks should have come from Goenka's papers.

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