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Need to change
Corporate India is slowly coming to terms with the fact that an open economy demands corporate focus. Recently, it has seen not merely its margins shrinking as a result of competition, but whole lines of business becoming unviable. In other words, industry must restructure. There is already an enormous amount of restructuring taking place through takeovers, mergers, changes in equity stake, sale of assets, tie-ups, break-ups.
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Wrong timing
The Tariff Advisory Committee's (TAC) decision to hike third party motor tariff premia is almost certain to provoke angry reactions from truck-owners. The fact of the matter, however, is that raising third-party premia is one way of stopping the continuous losses being piled up by insurance companies on account of this business.
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Cheap housing via infrastructure financing
Housing shortage and the resulting quality of life crisis are some of the much discussed and written issues during the 90s in India and abroad. A United Nations study (1990) has shown that the number of houses built for every 100 new households formed has decreased from 42 during 1970-74 to 38 in 1985-86. UN Centre for Human Settlements (HABITAT) predicts that this number could double by 2000.
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Yo! The public has stake in SBI too!
By merging all its treasury operations and by moving the dealing room to Mumbai, the State Bank of India (SBI) should be able to improve its efficiency and take a holistic view of the market to react quicker to changes. In an increasingly competitive market, an increased efficiency is the only way to survival.
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