Sanjeev Mishra

“Given the inefficiency of the Indian bureaucracy to effectively implement national objectives, a possible approach (as suggested by Prof. Kelkar once), to salvage the existing PSEs (including all its stakeholders) and to protect the State’s investment in them, would be to transfer all Government’s share in all PSEs to a holding company set up under the Disinvestment Act, at once. 8.4.4 Government should disinvest majority of its share (55 %) in the holding company to Indian mutual funds, and insurance companies through the book-building route, twenty per cent of its share to small investors through IPO (Initial Public Offer), five percent of its share to foreign institutional investors, ten per cent of its share through ADR/GDR in the foreign capital market (this would lead to improved corporate governance as listing in foreign markets, particularly NYSE has stringent requirements), and retain just ten per cent of share in the holding company. 8.4.5 The holding company should be managed by a reputed professional board (initially appointed by the Government through wide consultations and subsequently confirmed by the shareholders of the holding company). The Board would be responsible to its shareholders. The Board of the individual PSEs (which would no longer be a PSE as they would become subsidiaries of the holding private company) would be appointed by the holding company and be responsible to the Board of the holding company.”
― SANJEEV MISHRA, INDIA'S DISINVESTMENT STORY: Relaunch with Lessons Learnt?

“We have also realized that our biggest failure over the last fifty years has been of administrative and institutional incompetence and our inability to implement rather than of ideology.”
― Gurcharan Das, The Elephant Paradigm

“Modern India is a product of Hindu tradition, the religion of Islam, and Western civilization.”
― Gurcharan Das, India Unbound

“When talking of political addresses in Bihar, two of them stand out. One is that of Sadaqat Ashram, the famous Congress address of yore, and the other that of Patna house of the three-time Congress chief minister, Dr Jagannath Mishra, perhaps the last vestige of the grand, old party in Bihar.”
― Santosh Singh, Ruled or Misruled: Story and Destiny of Bihar