Love (from) all to the new tennis star
Somdev Devvarman is the new face of Indian tennis after Leander Paes. His accomplishment in Chennai Open is only the initial step towards the glorious future of Indian tennis that he seems to promise. He is the perfect youth icon whom our teenagers can learn a lesson or two. It shows the tremendous potential in our sportsmen which, if channelled properly, will do wonders for India. We hope to see more of Devvarman’s accomplishments in times to come and wish him luck so that he can bring more laurels for the nation.
Aparajita Singh, via email
Handle with care
Apropos of Udayan Mukherjee’s article The worm turns (January 10), he has rightly argued that the Satyam scam is merely the tip of the iceberg. Inaction by the authorities and auditors has made it possible and more such scams are being cooked up. It is only a matter of time before they are brought to light. Tie-up between directors and auditors affect the stock market and investors and bring out the harsh realities of how audit companies operate. It is time for the government to act fast and work in the interest of investors.
GK Arora, via email
Udayan Mukherjee has rightly pointed out the role of promoters, directors and auditors in the Satyam scam. The government must act fast in booking the crooked and ensuring that the company is nursed back to good health. It is necessary to retain investor’s faith and interest in the stock market. There is also a need for laws that hold people running the show accountable for any fiasco of this order.
SV Taneja, Delhi
I differ from Udayan Mukherjee’s view on people’s short-term memory. In Satyam’s case things are different. The scam is massive because apart from the issue of livelihood of millions, it has betrayed the trust of people which they will not forget soon. Now, it is essential for the government to come to the rescue of Satyam’s employees. It may sound weird to some but it won’t be wrong if Satyam is handed over to management experts from India’s premier institutes for some time so that the matter is handled effectively.
Harish Benjwal, Delhi
Lose some, win some
If we keep aside all the fatal consequences of the Satyam scam that unfolded last week, we realise that there has also been a silver lining in the episode. Since the software company had declared inflated income for the past seven years, it had to declare inflated profits too. The company had to pay tax on these fictitious profits, which adds up to a whooping Rs 800 crore. So even if fudging the accounts became problematic for many, the income-tax department stood to gain. This must have been the first-ever case experienced by the income-tax department as people or firms generally understate their incomes in order to evade tax commitments.
K Venkataraman, Delhi
Apropos of Sutirtho Patranobis’s story, Is the endgame near? (January 11), the shoulder erroneously stated that the war between the LTTE and the Sri Lankan government has been raging for the last 15 years. The civil war began in 1983, making the conflict more than 25 years long. The error is regretted.