Financial Daily from THE HINDU group of publications
Monday, Jun 20, 2005
Financial Daily from THE HINDU group of publications Monday, Jun 20, 2005 |
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Opinion
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Letters Merging of steel PSUs
This is with reference to the Union Cabinet's decision to merge public-sector steel companies, Steel Authority of India (SAIL) and Indian Iron & Steel Company (IISCO). The merger of PSUs involved in the same trade will largely reduce overheads and advertising expenses, and avoid unnecessary competition amongst them. The Union government should plan mergers of public-sector oil-companies and banks also. Mergers of the latter will again reduce the workload and prove to be beneficial to the customer as well. Subhash S. Agrawal New Delhi
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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