The world in companies like Enron, Worldcom and Xerox, he said people were beginning to worry about the bombshells hidden in the boomtime economy. People's faith in economic liberalisation should not be shaken by those who did business with an "ethical deficit'', he said. Outlining the Government's future agenda, he said the disinvestment of Public Sector Undertakings would be further accelerated barring strategic sectors as the returns had exceeded the most optimistic expectations and appreciably increased the value of PSU equities. Fears on security of employment after disinvestment had been shown to be without foundation, he said.
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