With reference to the report India lacks leadership direction: Ratan Tata (August 29), it is shocking that a prominent industrialist like Ratan Tata is quoted as saying that “India has lost the confidence of the world”.Updated: Aug 30, 2013 10:43 IST
Industrialists should not criticise but encourage the government
With reference to the report India lacks leadership direction: Ratan Tata (August 29), it is shocking that a prominent industrialist like Ratan Tata is quoted as saying that “India has lost the confidence of the world”. This is an irresponsible statement and industrialists like him, who play a major role in keeping the economy buoyant, should criticise the country at this critical time. This is a time when the entire industry should back the government and see that the economy does not lose more ground.
K V Satyamurty, Mumbai
As stated in the editorial No more delays, get tough now (Our Take, August 29), the bearish markets have slipped below the 18,000 mark and the rupee is expected to breach the 70/$ mark, leaving little room for the government and the RBI to do any fiscal balancing. The finance minister’s statement makes it clear that the UPA’s resolve is to take necessary actions and this should instil confidence in investors. Statements about investors losing confidence from top business honchos should be avoided as markets spiral out of control on even one negative sentiment.
Gaurav Gupta, New Delhi
BJP must spell out its agenda
The BJP, which claims that if voted to power it will bring India out of the present economic crises, is being seen as engaging in petty politics — be it raking up the Ram mandir issue or some of its members backing Asaram Bapu, who has been accused of sexually assaulting a minor girl. Such acts do not reflect well on the main opposition party. The BJP should clearly spell out its agenda, which one hopes includes inclusive growth and communal harmony.
Tariq Kidwai, Lucknow
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First Published: Aug 30, 2013 10:31 IST