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This Week’s Highlights - 26 May 2017 PDF Print E-mail
Written by Administrator   
Friday, 26 May 2017 20:28


This Week’s Highlights

Issue: 2017 05 26 Highlights


Getting out of the mess

Things have not been going well for some time now. The budget presentation for the next year is a couple of weeks away. The kind of mismanagement we’ve seen the past couple of years has added to the economic woes which existed already. There has hardly been any substantive new project for the future. Yet, there were signs already that our economic platform needed to be reconstructed, since activities we’ve engaged in so far are not contributing as well as they did in the past.

As events unfold, the present government is realising that it sapped confidence by taking on the BAI group so forcefully and un-thoughtfully. It is only now realising that there were more dragons beneath the glossy surface than what appeared at first. Funds are insufficient to meet commitments taken by the group that was failed in early 2015. The Prime Minister has gone to India in search of the required funds to bridge the gap, under pressure from a large number of unpaid insurance policy holders.

* * *

•          INTERVIEW

Interview : Dr Vasant Bunwaree, Leader du Mouvman Militan Travayis

‘La saga BAI a révélé les défauts d’une intolérable relation incestueuse entre le monde du business et la politique’

* ‘ « Gouverner, ce n’est pas « gérer mal et détruire » mais « bien gérer et prévoir ». Il n’y a rien de cela en perspective’

La République de Maurice fait face à des difficultés importantes sur tous les fronts et pourtant, la relève tarde à faire surface. Les compétences existent même si elles sont disparates. Pourquoi le renouvellement se fait-il attendre dans le milieu de la politique ? Dr Vasant Bunwaree, leader du Mouvman Militan Travayis, nous fait part de son expérience et de ses espérances.

Last Updated on Friday, 26 May 2017 20:43
Edittorial PDF Print E-mail
Written by Administrator   
Saturday, 20 May 2017 15:06

The BAI Saga – Back to the Fore

Unpaid insurance policy holders of the former British American Insurance (BAI) have gone on hunger strike since 8th May. They are carrying on with the hunger strike in the Company Gardens in Port Louis. Some have been hospitalised. The hunger strikers are protesting that, despite promises having been made by a then-minister of the government, at the time of dismantling of the BAI group, that all dues will be paid back to them without spending any rupee from the Public Treasury, they have been left in the lurch.

The Prime Minister stated this week that there were insufficient funds from the residual assets of the BAI to meet those BAI obligations towards policy holders. The government was therefore looking for alternative avenues to meet those BAI commitments. There was no commitment however. This means there is no end in view for the policy holders, at least for the time being.