11-16-2005, 07:23 PM
Government Hopes Leftist Allies Will Agree to Financial Liberalization
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->But India's privatization program <b>has been stalled since the current governing coalition came to power in May last year</b> with the support of communist parties, who argue that such moves will make thousand of workers jobless due to <b>likely</b> layoffs.
<!--QuoteEnd--><!--QuoteEEnd-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->But the <b>government desperately needs to raise money</b> to keep its fiscal deficit under control and Chidambaram said he hopes some share sale could start before the current fiscal year ends in March, 2006.
<!--QuoteEnd--><!--QuoteEEnd-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->But India's privatization program <b>has been stalled since the current governing coalition came to power in May last year</b> with the support of communist parties, who argue that such moves will make thousand of workers jobless due to <b>likely</b> layoffs.
<!--QuoteEnd--><!--QuoteEEnd-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->But the <b>government desperately needs to raise money</b> to keep its fiscal deficit under control and Chidambaram said he hopes some share sale could start before the current fiscal year ends in March, 2006.
<!--QuoteEnd--><!--QuoteEEnd-->