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Letters to the editor dated August 24, 2021

This refers to ‘RBI should drain out extra liquidity’ (August 24). In pursuit of protecting inflation beneath management, the RBI has been utilizing all instruments beneath its command as a part of its financial coverage framework and, on the similar time, guaranteeing an orderly completion of report borrowing programme of the federal government. There are a number of elements which act in unison like increased commodity costs with low demand and improve in cash provide with subdued credit score offtake, that are the principle drivers of inflation. The overemphasis on the financial coverage of RBI to deal with inflation and guarantee development when the Covid pandemic has hit the financial system arduous has made the duty of RBI more difficult.

Aside from home elements placing stress on the RBI to revise the repo fee upwards, world elements when it comes to US retail inflation constantly ruling excessive calling for tapering of asset purchases prior to later provides to the stress. The federal government not performing on the prevailing excessive retail gas costs additional aggravates the problem.

Chennai

That is just about ‘Not promoting belongings, unlocking worth: FM’ (August 24). Whereas launching the Nationwide Monetisation Pipeline (NMP), the federal government claims that it isn’t promoting any of the belongings — the possession would stay with it and solely the utilization half will probably be with the intending companions. Not too long ago, the federal government introduced leasing out vacant lands at main railway stations via the Railway Land Improvement Authority (RLDA).

Placing the idle land parcels into efficient use is an effective approach to garner extra sources for the federal government equipment to run. Nevertheless, it isn’t clear whether or not the RLDA would co-exist through the implementation of NMP.

Chennai

This refers back to the editorial ‘Change the observe’ (August 24). The Indian Railways requires thorough reforms. Non-public funding/partnership and FDI needs to be allowed for enhancing passenger amenities/consolation.

The funds meant for enchancment of the Railways shouldn’t be wasted in populist measures/subsidies. New railway strains in backward States like Bihar, Odisha and the North-East should be began. A particular board needs to be set as much as draft the reforms required, particularly with regard to connectivity, security and cleanliness.

Thane

Apropos ‘Kerala’s day by day Covid testing falls by almost a 3rd over two weeks’ (August 24). It’s surprising {that a} extremely literate State like Kerala is having the very best variety of corona instances. The easing of restrictions by the State authorities in view of Onam was unwarranted within the current scenario.

The State should perceive that after the scenario goes uncontrolled there will probably be a surge in hospitalisation, oxygen and different medical necessities. The easiest way ahead is to comply with the Centre’s tips and never ease the restrictions.

Hyderabad

Apropos ‘Outrage over so-called freebies unjustified’ (August 24), the query shouldn’t be whether or not the identical are funded by direct or oblique taxes. It’s that the cash which ought to have gone in direction of selling healthcare, primary schooling and constructing infrastructure benefiting all sections of individuals goes in direction of offering ‘freebies’ to the recognized sections.

Offering free bus journey to girls, when the TN transport companies are reeling beneath big losses, defeats the very function of corporatising the division. It doesn’t require a white paper to know why the State is dealing with a heavy debt burden. The issue with freebies is that, as soon as offered, these can’t be withdrawn by any authorities. Elections in India are more and more being fought and gained on the power of ‘aggressive giveaways’. Simply because they’re predominantly funded by oblique taxes doesn’t imply the pernicious tradition can’t be questioned by the center class.

Chennai

https://www.thehindubusinessline.com/opinion/letters/letters-to-the-editor/article36084677.ece | Letters to the editor dated August 24, 2021

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