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Elections
Since our last e-newsletter we have had the 2009 General Elections in
India. Of the 714 million voters, 59.7% cast their vote with Sikkim
registering the highest with 82% of the electorate voting.
We had 1.38 million Electronic Voting Machines ( EVMs) spread over
8,28,804 polling stations.
The election was bigger in size to the combined strength of the
European Union and the United States of America.
The results were successfully compiled and declared within 3 days.
The election was free of violence.


Dr Manmohan Singh became the 1st Prime Minister after Pandit
Jawaharlal Nehru to be re-elected after serving a 5 year full term.
We feel this is a major achievement and all Indians need to pat
themselves on the back for keeping our Democracy alive and kicking.
Satyam Computers
It was a matter of great shame that one of our global winners fell to
an ignominious depth.
However, for once the Government machinery delivered the goods to the
investors, shareholders, customers, suppliers, employees and bankers.
A trustworthy Board was quickly created.
The new Board members worked on an honorary basis but put in long
hours for saving the company.
They realized over Rs 1200 crores from debtors within a month and
worked out cash support from the financial institutions.
A tender of sale was floated, bid for and finalised in record time
with the Government giving tacit support to the operations and quick
decision making.
Mahindras are the new owners and the company has been saved after
going to death’s door.
A Miracle if ever there was one !!! |