Sharma also said that the AAP's allegation is an insult to not just Ambani but also on Congress party.
"It is all nonsense. It is absurd. How come they (AAP) are targeting only the industry leader who is globally acknowledged and celebrated. You are talking of big industry leaders of India. For anybody to say that Congress is run by 'A' or 'B', its unfair. Its actually an insult not only to the industry leader Mukesh Ambani in this instant case but to the entire Congress," the Minister told a news channel.
On whether, the industrial houses are influencing policy making he said: "I do not think so. That is not correct...I can tell you that it is the right of the industry collectively, individually or through their chambers to represent to the government. It is then for the government to take a judicious and correct view."
On the allegations against Ambani by AAP, he said that there could be vested interest.
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On the Election Commission's decision on postponing gas price hike, the minister said the poll body is overreaching its mandate.
"I have no hesitation to say (that they are) going for an overreach every time. They have a constitutional mandate to ensure the conduct of free and fair elections. There is an extended mandate which is not a part of constitution which is because of the consensus and concurrence of the political parties.
Replying to a question in the job reservation in the private sector, Sharma said the effort would be to build a consensus on increasing the participation of deprived sections in private sector.
"No. Nothing will be thrust upon (private sector)," the Minister said.