Ownership not the issue
The chairman of ICICI, N Vaghul should have known better than make an observation that "public sector ownership of banks was the root cause of inefficiency". It is true that political and bureaucratic interference in the functioning of banks has caused havoc with the banking system.
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Montreal Protocol and after
This year marks the tenth anniversary of the Montreal Protocol. But thanks to illegal trade and dampened spirit in curbing the use of ozone depleting substances, the success of the Protocol is at stake, threatening us all.
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