One cannot prevent law-breakers from becoming ministers. In fact, most of them boast that top executives have never been punished for breaking the law.Updated: Apr 09, 2007 22:55 IST
Apropos of the report PM focus on courts’ role (April 9), the common man has seen the excesses of legislature and executive for so long that everyone feels that the judiciary is their only hope. One cannot prevent law-breakers from becoming ministers. In fact, most of them boast that top executives have never been punished for breaking the law.
With reference to Prem Shankar Jha’s article Bank rolling politics (April 6), we have to tackle the root cause of inflation like the creation of black money, hawala transactions, hoarding, economic offences. We also need to plan for the provision of basic necessities and availability of food for people well in advance.
Some innovative ways should be explored to improve the liquidity of banks to increase their lending. One way could be to tap into the huge amounts of money lying inoperative in banks beyond a certain time period.
Prem Shankar Jha’s analysis deserves regards for bold and realistic comment on the bank’s policy. It is a fact that inflation is a psychological phenomena and a man-made economic situation. The neglect of farm sector has led to a shortage of foodgrains and farmers’ suicides. The government’s expenditure and corruption have exceeded all limits. It is estimated the rate of interest will rise further but inflation will not be controlled.
Down to size
The government’s decision to put a ceiling on the size of SEZs is a step in the right direction. No political party should be allowed in the land acquisition process. This will give relief to the industrialists. Granting a job to every family displaced is in their best interests. We should encourage SEZs for our economic growth.
PS Saravana Durai
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First Published: Apr 09, 2007 22:53 IST