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The RBI’s got its sums all wrong, we’re not on an upward curve

With reference to the editorial Not a loan at home (Our Take, June 17), if the Reserve Bank of India (RBI) believes that increasing interest rates is the solution to our economic problems, then it is grossly mistaken.

Updated on: Jun 19, 2011 11:09 PM IST
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With reference to the editorial Not a loan at home (Our Take, June 17), if the Reserve Bank of India (RBI) believes that increasing interest rates is the solution to our economic problems, then it is grossly mistaken. If it was so easy, why didn’t Argentina and Greece adopt a similar strategy to tackle their economic crises? In fact, our economy is booming, but only on paper.
VN Kesavan, via email

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HT Image

It’s advantage Anna all the way
The controversy over the lokpal bill is unnecessary (Anna threatens to resume fast, June 17). India needs the bill to check corruption at every level of governance. The UPA has the opportunity to take credit for initiating the right step at the right time. By opposing it or staying silent on the issue of corruption, the government is losing credibility. It should learn from Anna Hazare, who has read the pulse of the nation and become an overnight hero.
Gyan Chandra Verma, Delhi

Bring tribes into the fold
This refers to the report Naked truth: Jarawas to leave virgin shore (June 16). Why were the Jarawas not included in India’s growth plan? As sociologists suggest, there’s still time to bring them into the mainstream.
Ashok Kumar Ghosh, via email

 
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
Follow India news real-time updates and the latest news covered on Hindustan Times, featuring today's critical updates on Sonam Wangchuk LIVE and more across India.
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