Many Goans were employed by the companies when privately owned. The Mundhra scandal gave Nehruthe excuse he needed to nationalize them. LIC, the state owned king then emerged. It was profitable, but one canimagine seeing it being a lot more so, considering the waste and theft in the state banking sector. LIC will now be sold, and the Adanis/Ambanis cannot wait to get their hands on the spoils. The proceeds willnot benefit the common man. Instead it will be back to statues, mansions, submarines and fighter jets. "Sant" Modi has treated himself to two 777's, each at 300 million.
