Apropos of the editorial A battle that both have lost (Our Take, January 16), both Palestine and Israel are equally responsible for the mayhem in the region. But killing civilians and children shows that Israel is the lone aggressor in the battlefield. The way helpless civilians are being murdered and their property is being damaged proves that Israel is heading towards a holocaust against the Palestinians. Even if a truce has been announced, the damage has occurred. Worst of all, the international community is silently watching this sordid drama.
Syed Salman Ghani, Patna
Now invest in the investor
I agree with N. Chandra Mohan in Let the bourse take its course (Deep Fish, January 19) that the State should not try to bail Satyam out. The State’s main concern is that the company’s fall will tarnish its investment prospects. In any case, a bailout would not help the company. A lesson could be learnt from the Global Trust Bank fiasco where most of the bank’s clients and staff moved on to other options on their own. Satyam has lost its reputation internationally and, pending legal action in the US, any bailout will have a negative effect on future investors. The government should let the markets and the law take their course.
SV Taneja, Delhi
N Chandra Mohan’s article on shareholder activism makes a valid point. I feel that the one group of important players that has been ignored in the entire saga is the investors, who have been taken for a ride for the last seven years, with no one bothering to look beyond the company’s PR handouts and nnnual reports into the real state of affairs. It’s a big letdown for investors.
Arun Mehta, Mumbai
With reference to Damini Purkayastha’s report Art Attack (January 20), it is unbecoming of a leading professional art gallery to have put on sale the works of a world-renowned artist like S H Raza without insisting on authenticity certificates. The gallery’s contention that it relied upon the information of the artist’s nephew is both unconvincing and inexcusable. As Indian contemporary art is gaining admirers, buyers and investors the world over, we must be ready to deal with the fallout of its popularity and guard against unethical practices that might discourage international patrons, the brunt of which will have to be borne by young Indian artists.
Paramjit S Kochar, Delhi
Tops in corruption
It seems to be clear that Ramalinga Raju confessed to his crimes in India instead of in the US only to take advantage of a corrupt system and get away with a minimum jail term. True justice for him then would be for India to deport him to the US as punishment for corporate fraud in that country is very severe, with some high-profile scamsters currently undergoing up to 25 years in prison. It now seems that if there was an Olympic medal for corruption, our ministers would get the gold, fraudulent corporate honchos would get the silver, with the babus and judges would take away the bronze!
Tuneer Bondhopadhyay, Kolkata
Highest yet humble
The prime Minister and his wife’s personal appearance at the RTO’s office for renewing their driving licences is an appreciable gesture, and further proof of the PM’s humility. It is in sharp contrast with some politicians who seem to enjoy the sight of their followers touching their feet.
Madhu Agrawal, Delhi