INDIAN EXPRESS: "Y2K not a closed chapter yet, say experts" - 'experts are not taking any chances and plan to continue monitoring till the beginning of the new financial year'greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Sunday, January 9, 2000
Y2K not a closed chapter yet, say experts NEW DELHI: The airplanes did not nosedive, and missiles did not head for unknown destination. India's Rs. 2000 crore effort to make its critical sectors Y2K compliant seems to have paid off but experts are not taking any chances and plan to continue monitoring till the beginning of the new financial year, reports PTI.
"The rollover to the new millennium was successful but a few glitches may come when the banks count their interest rates, or on Feb 29 when the computers may not recognise leap year or the new financial year April 1," says Dewang Mehta, president, National Association of Software and Services Companies (NASSCOM).
"We need to continue monitoring till that time," Mehta says. "However, there will be no long-term Y2K compliance problems in 11 critical sectors for which the to all expenditure can be estimated between Rs. 1500 and 2000 crore," information technology secretary P V Jayakrishnan said.
"Though all the major core sectors were made Y2K compliant, some specially stand alone computers may face problems," says Dilip Chenoy, senior director, Confederation of Indian Industry (CII), adding "thus the need to maintain vigil".
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