With reference to Sitaram Yechury’s article Mercury rising (January 24), the developed nations that are the primary polluters
of the environment should take steps to cut their emissions. The technology to control or limit pollution is easily available in developed countries. Everybody needs time-bound targets for reduction of pollution and this should be applicable to both the developed as well as developing countries. By reducing the emission level, we will be able to push back global warming.
This refers to the report CPM cries for legal panel to check judiciary (January 22). Ever since the Supreme Court ordered a stay on the 27 per cent OBC quota, the Leftists and some casteist groups have been attacking the apex court. It is ironical that those who are trying to browbeat the highest court for its activism and independence, are also taunting it for failing to protect democracy during the Emergency. The media must respond forcefully to this kind of anti-judiciary activism.
Apropos of the editorial Sensex sensitivities (January 23), the Sensex crashing is the side-effect of globalisation. Despite the fall, India continues to occupy an important place among the progressive economies of the world. It is not yet known as to when the bullish tendency of the stock market will resurface. Let us hope this slump in the share market does not last long. It all depends on the movement of the market and the confidence investors repose in it. Investors have to be cautious at the time of market upswings and downfalls.
The retail investor is no more an investor, but a speculator with only one wish: to make money by buying and selling as per the market sentiments. The market prices of the shares do not co-relate to the dividends and bonuses, but to the short-term gains. The lure of easy money has pushed the market to unrealistic heights.
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