THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Wednesday, August 08, 2001

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Letters

Banking and Finance
Shedding equity
With reference to the news item ``Andhra Bank to shed more equity'' (Business Line, July 3), it is quite surprising that the banks that have raised equity in the recent past and which are likely to make a public issue shortly, propose to return the equit y capital to the government.

Economy
Sorry state of affairs
It is regrettable that ``India gets low ranking in UN Human Development Index (Business Line, July 11). In a vast country such as India, the under-development of States such as Bihar, MP, UP, Rajasthan and Orissa in education and healthcare may be the ma in reason for this grim state of affairs. The Planning Commission's incentives in this regard have also not produced the desired results. On the other hand, the better-developed States were dissatisfied because of a cut in fund allocation to them. Though some of the States are making an effort to achieve fast growth, there is no uniformity in this regard.

Environment
LPG the better option
Pollution in Delhi has become a serious issue of late, with the government doing its bit to replace diesel- and petrol-run vehicles with CNG kits. Unfortunately, the problem seems to be assuming grave dimensions with the CNG deadline round the corner.


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