Governor Subbarao talked of the rapid changes in the Indian economy at a National Institute of Bank Management (NIBM) convocation. He talked of the telecom revolution, and contrasted the situation that prevails today with what happened when he was a young sub-collector at Srikakulam District, Andhra Pradesh. Referring to that early period in a humorous manner as the ‘dark ages', he talked of how he would try to contact his boss, the collector, who lived just 35 miles or so away. But it would seem very far away because the only means of contact was through a ‘trunk call' — which would never come through. And it had to be done through a telephone instrument which didn't have direct dialling facilities. One had to go through an operator at the exchange, and depend on both the operator's whims and luck to get a call through. With a twinkle, the governor said, “There was no way you could even call a girl friend with that kind of system,” evoking roars from the assembled audience.
HBL
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