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Indian economy needs to be revamped

This refers to the editorial ‘Growth slumps’ (June 1). I agree with you that at a time when the Indian economy is not performing well and is trying to win back investor confidence, it is unwise on the RBI Governor’s part to raise concerns over retail inflation, which means it will not lower interest rates. No doubt, inflation is a vital component in a country’s economy, but to curb cash flow to contain inflation is not a wise step. Whenever interest rates on lending are increased, the inflow of capital starts decreasing. It causes a reduction in the demand for industrial goods, leading to recession.

In fact, the only way to curb inflation is to increase agricultural production and industrial growth. The increased production in both sectors would strengthen the services sectors, which is the third largest provider of employment and largest contributor to the state exchequer through taxes. This improvement will give a boost to the construction sector, thereby benefiting the entire economy.

A boom in the economy will strengthen the value of the rupee vis-a-vis many other currencies of the world. The more the rupee gains strength the more our imports, especially of oil and fertilizers, will be cheap. If oil becomes cheaper, inflation can be controlled.

So, instead of taking short-term measures to control inflation and improve economic growth, the government should think of other concrete ways.


Suicide a blunder

It is shocking that 24-year-old IAS aspirant Manjunath committed suicide. The UPSC made it clear that Manjunath had not passed even his pre-liminary exam. Why do youngsters fail to realise that life is more precious than becoming an IAS, IPS, pilots and so on. Money, high ranks, name and fame, etc are made for us. But we try to prove that we are made for them. Education teaches us how to face problems with courage and not to lose heart. Students must be properly counselled to never take the extreme step even if circumstances warrant so. Teachers should instill the value of life into students’ minds.


House disruptions

Apropos the news item ‘Frequent House disruptions upset Pranab’ (May 25), President Pranab Mukherjee’s concern over the frequent disruptions of Parliament and state legislatures is quite right. Parliament is meant for discussions. It is a talking forum. But most parliamentarians fail to maintain decorum, discipline and dignity. And full-throated shoutings and howlings have become the order of the day. Last month, most sessions of Parliament couldn’t be held as opposition parties, especially the BJP, disrupted the proceedings endlessly. Shockingly, they were paid salaries. Why wasn’t the “no pay, no work” principle applied to them?


One rank, one pension

Apropos Raj Kadyan’s middle ‘Out of pocket’ (May 24), the writer deserves all praise for trying to spearhead a movement for making the “one rank one pension” scheme a reality for the retired defence personnel. This pension scheme as well as quality medical care will help the retired soldiers to lead a decent life.

JS CHEEMA, Chandigarh

Remembering friends

Apropos the middle ‘Keeping up with friends’ (May 24) by Harish Dhillon, we are so busy in our self-seeking pursuits that we overlook the necessity of making new or preserving old friends in our youth. Most part of our lives revolves around son, daughter, wife and future, never remembering our old friends. We feel the need of friends only when our children set about making careers and raising their families. Sharing joys and sorrows and spending time with friends actually reduces each other’s stress in old age.


Enact sports laws

There was a time when cricket was considered a gentleman’s game. The involvement of some players, bookies, corporate houses, companies, team owners and others in match/spot-fixing and betting have brought the sport into disrepute. These shameful acts of certain cricketers have cheated millions of cricket fans and jolted their faith. It appears that BCCI officials have not learnt lessons from the 2000 match-fixing scandal that led to a ban on leading players, including Mohammad Azharuddin. Strict laws are needed to check corruption in sports.


Show political will

This refers to the article ‘China adamant on border’ (May 25) by Kuldip Nayar. The writer has mentioned the defeat of India in 1962 at the hands of China, but does not tell the reasons of the defeat. Can an aggressive China become a friend of India? Moreover, our self-seeking politicians’ passive attitude has only emboldened the Chinese to needle India from time to time. Over the years, China has become aware of India’s political and other weaknesses. On its part, India, particularly the Congress party, has always been fearful of talking to China about its wrongful activities on the border. One recent example of the lack of political will is that Salman Khurshid visited China but failed to discuss the Ladakh incursion.


Rituparno Ghosh’s ‘bold’ cinema

This refers to the news report ‘Rituparno, trailblazer of Bengali cinema, dies’ (May 31). Ghosh was indeed a talented director and his premature demise is also unfortunate, but praising him to the skies can be immature. Though he came up with thought-provoking films like “Unishe April” or “Dahan” in the initial stages of his career, but post-2003, he started playing to the gallery by corrupting his films with sex and displaying skin in the guise of "boldness" and unnecessarily turning to Bollywood stars.

Also, when the likes of Satyajit Ray, Mrinal Sen or Tapan Sinha made films on various subjects, Ghosh preferred to confine himself within the shallow well of extra-marital and/or same-sex relationships. By resorting to such antics, Ghosh might have come up with commercially successful films, but he also brought down the quality of Bengali cinema.




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