India privatizations face elec essays

India privatizations face elec essays NEW DELHI: Privatisations in India, already hindered by strong opposition from labor unions and political parties, will most likely slow down ahead of state elections this fall, said a senior economist at the Institute for Economic Growth. Privatisation is a thorny election issue. I doubt politicians will do anything in a hurry now, B.B. Bhattacharya, the Institutes director, told Dow Jones Newswires in a He noted that politicians banking on the votes of labourers employed in around 230 state companies are unlikely to risk public disapproval in the run-up to the elections for provincial legislatures in October or November. The government intends to sell around 30 of these companies in the current financial year ending March 31, 2004. It expects several others to be put on the auction block after the Disinvestment Commission makes a judgment on their commercial viability as state companies. As many state firms are usually costly and overstaffed, private investors looking to increase productivity and maximize profit will naturally want to cut down the companys payroll. Bhattacharya, who has served as a technical consultant to the World Bank, said: When industries are privatized, investors cut the wages and rationalize the pay structure. The fear of job losses has led labor unions to protest the sale of state-run companies. In October last year, employees of aluminum company National Aluminium Co., or Nalco, prevented executives of a potential private sector buyer, Hindalco Industries Ltd, from inspecting Nalcos factories in the southeastern Orissa state. This has stalled the due diligence of Nalcos privatization. Trade unions in state-run oil companies went on a three-day strike in March this year. The National United Forum, an umbrella organization representing union workers in most state enterprises, has also threatened to go o ...

Famous Proverbs Shared From Around the World

Famous Proverbs Shared From Around the World Proverbs are usually concise  phrases that give advice or state a truism. Proverbs can sound deep and wise, but it is the cultural context of proverbs that lend them meaning. Without context, these proverbs must be interpreted in light of your own personal experience. Proverbs have been part of human culture for thousands of years. Some of those from China, Africa, and the Middle East, for example, were first coined long before the Roman Empire. Some proverbs from other countries may sound familiar to you. It is common for countries to have their own versions of a proverb. For example, the Dutch proverb Do not wake sleeping dogs appears in the U.S. as Let sleeping dogs lie. They mean the same thing. Here is a collection of famous proverbs from around the world. African Proverbs A kings child is a slave elsewhere. What forgets is the  ax, but the tree that has been axed will never forget. It is no shame at all to work for money.   A loose tooth will not rest until its pulled out.   He who digs too deep for a  fish  may come out with a snake.   The path is made by walking. Australian Proverbs None are so deaf as those who would not hear. Once bitten, twice shy. Dont count your chickens before theyre hatched. A bad worker blames his tools. In the planting season, visitors come singly, and in harvest time they come in crowds. Egyptian Proverbs We tell them it is a bull, they say milk it. Go far, youll be loved more. Do a good deed and throw it into the sea. Time never gets tired of running. Bulgarian Proverbs Tell me who your friends are, so I can tell you who you are. The wolf has a thick  neck  because he does his job on his own.   Measure thrice, cut once.   Help yourself to help God help you.   Chinese Proverbs If youre poor, change and youll succeed. Big fish eat small fish. No one knows a son better than the father.   No shame in asking questions, even to people of lower status. Croatian Proverbs The way it came is the way it will go. Hasten slowly.   All thats well lasts  short.   Dutch Proverbs Cost goes before the profit. Do not wake sleeping dogs. Every little pot has a fitting lid. Think before acting; and whilst acting, still think. English Proverbs When the going gets tough, the tough get going. The pen is mightier than the sword. The squeaky wheel gets the grease. No man is an island. People who live in glass houses shouldnt throw stones. Better late than never. Two wrongs dont make a right. German Proverbs He who rests grows rusty. Starting is easy, persistence is an art. The cheapest is always the most expensive. Make haste with leisure. Hungarian Proverb Who is curious gets old quickly. Russian Proverbs Draw not your bow till your arrow is fixed. When the rich make war, its the poor that die. When the cat is away, the mice will play. Many hands make light work. Be swift to hear, slow to speak.