Tag-Archive for » K Chandrasekhar Rao «

Friday, January 09th, 2009 | Author: Prakash N Prathabhan

Speaking to news persons at Chennai, Y S Rajasekhara Reddy(YSR) suggested B Ramalinga Raju should be made India’s finance minister, as country needs a full time finance minister(currently Manmohan Singh - Official Prime Minister of India is taking care of Finance ministry).

Recently, “Satyam” India’s fourth largest software services provider was in news for all wrong reasons. To top it all, came revelations from Satyam’s Chairman Ramalinga Raju’s stepping down letter to SEBI (Stock Exchange Board of India) which stated, “profits in the company were inflated over the years, leading to wide gap between real and imaginary assets”. India Inc and media are shocked by these revelations.

But YSR is of different opinion. He confidently said, “Last year India’s Sensex was around 21,000 points and economy was growing at a healthy rate of 8.9%. But this year share market is reeling less than 9,000 points and economy growth rate is mere 6.8%. How to overcome this gloomy scenario and influx cash flow? Our country really need some one with excellent track record of tailoring audit reports and performs shadowy corporate governance. I can’t think of a person better than Ramalingam Raju.” Many Andhra Pradesh politicians endorsed his views.

Praja Rajyam Party leader, Chiranjeevi (Chiru) , speaking at a road show in Nellore  said, “If Ramalinga Raju is willing to become finance minister he can. If he is not willing he can’t” in a conclusive tone he is famous for.

Though differing with YSR on every issue, TDP supreme and former CM, Chandrababu Naidu too had supported YSR’s proposal. However Telengana Rashtra Samithi (TRS) leader K Chandrasekhar Rao (KCR) made his support only conditional saying that, “TRS will support Ramalinga Raju only if he accepts Separate Telengana”.

Speaking on this latest development, Satyam’s spokes woman at Hyderabad said, “Satyam chairman is humbled by the trust of political leaders and is willing to take up the finance minister position if a request directly comes from Prime Minister”.