Hyderabadi Road (NON)Sense

4 years of being in Hyderabad I have understand that Hyderabad do not have traffic sense at all.  Don't know if this is specific to Hyderabad or other cities also.

Auto are the Kings of Roads.  They can stop anywhere in the middle of the road and expect you to anticipate that and apply brakes immediately

Never drive on the left side of auto. You never know when they may feel the urge to go to left side of the road.

People will cross the roads only when the traffic signal light for that lane is green and they expect you not to hit them.

Crossing the road is another hell because when you are about to cross there will an auto standing in front of you as if to kidnap you.

Every non metered auto will start quoting for 50 rs even if the distance may be less than half kilometer.

Footpaths in Hyderabad is an virtual concept, which only archaeology department can trace where the path lies. Every path is for vehicles.  Pedestrians have to be careful for their own life while walking on so called footpath as vehicles from both direction will be coming.

No software programme can trace out the pattern of the auto driving, sorry not even Google

People waiting for city bus will scuttle in middle of the roads for catching the bus.  They will come to the other side of the road if the bus is going from that side to avoid bus stand.

 

FDI for Banks

The PM last week announced scores of measures that will allow FDI in retail, aviation, power exchanges and others. Well according to me, all these measures are aimed at reducing the exposure of Banks towards this sectors.  If you see the power sector, the current reforms does not penalize the State Electricity Boards but convert their loans taken from Banks into long terms bonds which will be paid by states at a later date.  The exposure to aviation sector is already high.  The private sector banks (read ICICI) has already reduced its exposure to aviation sector by selling the loan to private investor.  The Public sector banks (PSBs)are not that lucky in that aspect.  The PSBs acts on the whims and fancy of the local politicians.  They also consider every public utility as their own.  Instead of rolling out their own purse strings they ask the public utility to shell out benefits which the politicians claim as their own.  Consider the current example of Oil and Gas subsidy given by ONGC and OIL India to the Refiners (BPCL, HPCL, Indian Oil).  Instead of Government paying subsidy as per their claims they are asking ONGC and OIL India to pay the subsidy for selling it for less the cost price.  These subsidies are making ONGC and OIL India bankrupt and they are not adding any new reserves as they don't have money to explore new regions.