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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (2753)	9/16/1998 11:48:00 AM
From: JPR	Read Replies (1) \| Respond to 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

To: Mohan Marette who wrote (2753)	9/17/1998 7:54:00 PM
From: sea_biscuit	Respond to of 12475

India to privatize International and National Airlines. Privatize. Shrivatize. It's the tired same old same old, all over again! They will end up selling the stocks to UTI, SBI and the rest of the lot, and that means in effect, absolutely nothing would have changed! I visited ITI in Bangalore after it was supposedly "privatized". The stocks have been sold to the usual crappy lot -- LIC, SBI etc. etc., and the place is as shtty as ever! Btw, have they started working out the "modalities"* for privatizing the airlines? Now, that should take as many decades as there are letters in that word! Dipy.