that silly thing called the state gets in the way of the miracle of capitalist progress in india:
http://news.bbc.co.uk/2/hi/business/4156612.stm
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India scraps sales of state firms
India's Congress-led coalition government has dropped plans to sell off 13 profitable state firms.
The plans to sell controlling stakes in the 13 - all of which are profitable - to strategic investors had been set in motion by the previous administration.
But pressure from leftist coalition allies means that Finance Minister Palaniappan Chidambaram has scrapped the idea.
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--ravi