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Not a paid holiday
The Disinvestment Commission Chairman, GV Ramakrishna has duly reiterated the demand for introducing what he calls a credible VRS as part of the reform of public sector in the country. He is talking of a time frame and adequate as well as timely funding of PSUs, but the big problem is the wherewithal.
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Silver linings in crystal-ball clouds
Despair is short-sighted. It does not see beyond the immediate. India's political instability-led despair has clouded its crystal ball so much that hope seems a bit far-fetched. Yet, the silver linings gleam with great regularity around clouds of recession, political tomfoolery, South-East Asian currency conundrums, and the deficit balloon.
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Shocking Pakistan's power producers
Pakistan's state-owned power utility, the Water and Power Development Authority (WAPDA) has entered into a battle with Pakistan's largest private power producer, the Hub Power Company (Hubco). The alleged tampering of meters which record the supply of power to the national grid is the cause for this.
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From darlings to deadwood, from high perch to abyss
Necessity, they say, is the mother of invention. The need for tax shelters and financing "off-balance-sheet items" by corporates -- areas closed to banks --- brought into existence non-banking finance companies.
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