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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY)

SIFY 11.67

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To: Mohan Marette who wrote (843)	2/23/2000 1:54:00 PM
From: Mohan Marette	Read Replies (1) of 1471

OT India to downsize government Prime Minister Atal Behari Vajpayee's government is reported to have formalised a scheme to downsize the Central government. The formal announcement to the effect would be made by Union finance minister Yashwant Sinha when he presents his Union Budget, 2000, on February 29. The new scheme is expected to offer a handsome package for employees accepting the Voluntary Separation Scheme (VSS) which could be four or five times what an employee would normally get at the time of retirement. The government also plans to ban fresh recruitment. Currently, about 39 lakh (3.9 million) people are working for the Central government, as against the sanctioned strength of 41 lakh personnel. The department of post and telecom and the railways account for the bulk of employment. Meanwhile, representatives of Janata Dal (U), Trinamul Congress, Shiv Sena and the DMK have opposed the blanket ban on recruitment in the Central sector and conveyed their views to the government in this regard. -OutlookIndia

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