Tuesday 31 August 2021

The Unknown Bureaucrat - Mr. Haldea

Thanks Moneylife for writing article on Gajendra Haldea. The article introduced me to a Bureaucrat who has contributed immensely to India, especially in the Infrastructure sector.

What saddened me  more was how many people ( citizens ) were aware about his contributions. I typed Gajendra Haldea passes away in Google search engine only following news agencies reported it:

  • Business Standard
  • The Federal
  • Business Line
Shockingly no Economic Times, Times of India, Hindustan Times, DNA, Indian Express, Financial Express none reported about Gajendra Haldea death.

Mr. Gajendra Haldea passed away on 15 January 2021. Sorry for being late.

The search engines stops with the news on passing away of Gajendra Haldea on page 2 (for last one year prior to 31 August 2021).

If any reader accidentally steps in and visits this blog please visit Gajendra Haldea website which has treasure trove of information about this great Bureaucrat.

Praise by Soli Sorabjee (Former Attorney General of India):

Frankly, I have not come across such a clause in any guarantee. During conferences held in the matter, I was keen to know how this expression came to be incorporated in the GOI‟s counter-guarantee and I found that it was owing to the efforts and good work done by Shri Gajendra Haldea, a former officer of your Ministry, that the exposure of GOI under the counter-guarantee was substantially reduced. During

negotiations with DPC, Shri Haldea insisted on the inclusion of this expression and modified the draft of the GOI‟s counter-guarantee which was submitted by Enron. He also capped the termination liability of GOI to a maximum of $300 million compared to a possible $1400 million under the State guarantee and made other significant modifications..... Shri Haldea‟s contribution becomes all the more remarkable in view of the considerable clout that Enron wielded at that time. It would have taken exceptional brilliance, skill, integrity and courage of conviction to be able to modify the draft of the counter-guarantee proposed by Enron..... I would humbly commend Shri Haldea for the recognition that is legitimately due to him.
– Soli Sorabjee
Then Attorney General of India
Letter dated February 14, 2004 to the Union Finance Minister

Out of deep respect my head bows to Mr. Gajendra Haldea.

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