Just relaxing norms won’t helpbring in foreign investment
With reference to the editorial Unblocking bottlenecks (Our Take, July 18), for those people who are reeling under the price rise that resulted due to the drastic fall in the value of the rupee, the government’s decision to relax foreign direct investment norms in several sectors is a welcome move. But complex project approval systems, the absence of infrastructure facilities, procedural delays and corruption are just a few of the many problems that discourage foreign investors from investing in India. The fact that ArcelorMittal and Posco have abandoned their projects in India shows that a lot needs to be done to help companies set up shop in India.
Ramesh Sinha, Gurgaon
Seeking forgiveness is a virtue
With reference to the editorial Politically Correct (July 18), political intentions apart, a realisation of one’s error, no matter how late, brings to the fore one’s humanitarian sentiments. Hence, the SP chief Mulayam Singh Yadav stands out among politicians who will never apologise for their mistakes and will continue repeating them. As far as the idea of a third front is concerned, it assumes political significance given the growing disenchantment of the aam aadmi with the ruling and the Opposition parties.
Rukhsana Khan, Lucknow
Yadav’s sudden change of heart 23 years after he ordered the firing on the kar sevaks in Ayodhya smacks of political opportunism. This is clearly an attempt to gain an edge over Gujarat chief minister Narendra Modi whose popularity is growing by leaps and bounds. However, Yadav is not the first politician to do this kind of volte-face.
Bal Govind, Noida