No profit in profiteering | india | Hindustan Times
Today in New Delhi, India
Dec 08, 2016-Thursday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

No profit in profiteering

india Updated: Oct 05, 2009 15:58 IST

Hindustan Times
Highlight Story

This has reference to Pramit Pal Chaudhuri’s article A short history of imbalance (Wonk’s World, April 20). Financial service conglomerates, offering a mix of commercial banking, investment banking, insurance underwriting and brokerage in one basket, knowing fully well that there were bound to be more than a few rotten apples, have caused great damage in the US. In the quicksilver world of finance, there's a need for a new breed of men who can weave businesses around a firmer moral fibre, buttressed by a shrewd and effective regulatory regime.

R. Narayanan, via email


Comparing apples and oranges

Rajdeep Sardesai in his article In a league of their own (Beyond the Byte, April 17) has taken up the task of comparing the general elections with the IPL. A journalist of his stature should devote his time to better causes. The IPL is merely a mode of entertainment for the masses and a source of money for corporates, while the fate of a nation rests on the electoral outcome. Also the emotions and patriotism aroused by the World Cup completely outshine the sporadic passion for the IPL. Thus, any comparison between the IPL and the elections is both presumptuous and preposterous.

Mohammad Murtaza Ali, Delhi

II

People like Shah Rukh Khan, Vijay Mallya, Preity Zinta etc. pump crores of rupees into cricket for a lucrative career, while political parties spend way too much for their netas during elections. This money directly or indirectly comes from the public. It’s ironic to see that while some people don’t even have basic amenities or their daily bread and butter, there are leaders, stars, business tycoons and cricketers who fritter this money away. But sadly, we have become too intoxicated, by both the IPLs that Sardesai mentions, to see through this.

Syed Salman Ghani, Patna

Watchman in space

With reference to the report Spy in sky to aid India’s terror war (April 21), the Indian defence establishment has long been seeking a satellite capable of watching our borders and trans-border activities through bad weather conditions and during darkness. ISRO has now made this possible with the RISAT-2. It is an asset to the country as it will work in a microwave band that will enable it to see objects that might otherwise be invisible, for it will provide all-weather, 24-hour surveillance with clear images in all conditions. We are proud of our scientists.

B.K. Sinha, Varanasi

Towards informed choice

Apropos of Abhijit V. Banerjee, Selvan Kumar, Rohini Pande and Felix Su’s article Making the right choice (April 22), it seems that better information, when spread and promoted by a celebrity, seems to be motivating people now. But does this really help in the long-run? We know that some of our politicians are criminals and they have black money, and that we’re not likely to see them for the next five years. So, we should make better choices. But it seems we don’t have too many options to begin with. Still, such initiatives are welcome.

Abhishek Choubey, Bhopal

Naxals & diminishing returns

Samar Halarnkar’s suggestion in his article Stop the battles, start the war (Maha Bharat, April 20), about waging a war on socio-economic inequities suffered by the people in Naxal-infested regions in the country, is welcome. It is unfortunate that Naxalites indulge in unprovoked massacres. Faith in parliamentary democracy has increasingly dwindled as our Parliament is turned into an arena for playing out a political farce, while mass aspirations are being totally neglected. But once the masses acquire better knowledge and assert their rights vehemently, the Naxal movement is bound to die a natural death.

A.D. Pandey, Delhi