ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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THE ECONOMY-Missing Watchdogs

Is 150 crore with another Rs 100 crore having to be spent over the next three years. Simultaneously, the BSE is engaged in a massive four-phase computerisation programme which, it claims, will enable it to start screen-based trading in all scrips by next January, except those in the specified group which will have to wait till early 1996. The establishment of parallel stock exchanges, something which has not been undertaken anywhere except in the US, is a luxury which a poor country could very well have done without. All in all, the government has actively encouraged expectations on the part of investors in India and abroad which the real economic conditions in the country will clearly not be able to fulfil in the medium term.

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