The role of agencies in handling the NSEL crisis is a huge cause of concern. The way it was addressed by various agencies, including the regulatory authorities raises far more important issues that could cause anxiety for those people who believe in free markets and justice. A complete and comprehensive review of the whole episode what contributed to the crisis and how it was managed subsequently – brings into light the importance of balance and maturity in handling crisis such as this, which unfortunately is in severe shortcoming in this case. In democracies and free markets, crises are not uncommon. If the authorities go into excessive overdrive, demolishing everything that is remotely connected with the issue in the name of resolution of the crisis, the image and ability of India to emerge as a major and mature economic power will come into serious doubt and dispute.
There is so much of misconception, misinformation, misreading, misunderstanding and misinterpretation around the whole crisis that it has made it into a sordid drama where players who should have taken the responsibility of finding a solution to the crisis went beyond their brief, leading to a complex situation arising. The NSEL accident is not something that the world has not known in the past or that has never taken place. The context of the crisis is also not something so unusual. The question that only comes to mind is how and why there was so much hurry on destroying a vast ecosystem that has great potential to grow and contribute to India’s progress, which was carefully built over long years. There definitely seems to be some ulterior motive behind engineering the crisis and solely targeting NSEL. The possibility of few higher-ups in the political system trying to demolish 63 moons cannot be denied. Reference :ShantanuGuha Ray:(2016): ‘The Target’: New Delhi: Publisher: AuthorsUpfront
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