Economic reforms are a necessity to fund welfare schemes for poorindia Updated: Nov 14, 2012 21:50 IST
Economic reforms are a necessity to fund welfare schemes for poor
This refers to Sitaram Yechury’s article More harm than good (Left Hand Drive, November 13). I think that the UPA government’s GenNext reforms especially foreign direct investment (FDI) in multi-brand retail, will improve India’s infrastructure by bringing cold storage facilities and food processing centres closer to farmers and thereby ensuring them more profits. The reforms clearly underline the UPA government’s renewed focus. India Inc too has been upbeat about the recent reforms and indicated them to be a step in the right direction. The government is right in believing that in order to generate much-needed liquidity for funding welfare programmes for the poor, the economy must grow for which reforms are a necessity.
Prashant Rakheja, Gurgaon
It’s wait and watch for aam aadmi
This refers to Gaurav Choudhary’s article Most of India worried about jobs and inflation this Diwali (November 13). It is appalling that a country whose government is being run by a renowned economist is reeling under high prices and slow income growth. Though Prime Minister Manmohan Singh has risen above the compulsions of populism and introduced big-ticket reforms, the aam aadmi has to wait and watch for their execution and impact.
Mahendra Pratap, via email
Win back investors’ confidence
This refers to the report 2G spectrum auction met with tepid response (November 13). Muted response to the much-awaited telecom auction for 2G spectrum is a clear indication that a sense of fear is prevailing among investors. The government must use all measures to curb corruption but at the same time it must also work hard to win back investors’ confidence in the telecom market.
Ajay Kumar, via email