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Strategies & Market Trends : India Coffee House

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To: Mohan Marette who wrote (2753)	9/16/1998 11:48:00 AM
From: JPR	Read Replies (1) of 12475

<< India to privatize International and National Airlines.>> It should have happened a long time ago. I see a point in keeping currency, defence, post office and a few more under Govt control. I don't see any point in the Govt owning banks either. When you go to State Bank of India, the clerks do entries manually as of a few years ago. Has it changed? I know that all foreign-based banks are all computerized. I suppose the peons need the job. You have seen the peons taking the paper from one clerk to another clerk in the same room. When I went to State Bank of India, the only things I saw were an armed guard , mountains of paper and stapled currencies stacked high to the ceiling with heads sticking out between these mounds. But the clerk themselves were friendly and followed the rules to the letter to the extent that things moved very sluggishly. When we went to some decent eateries and for some some shopping, I had to take the paper money by the truck!!. Transactions based on plastic will help. JPR

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