There is a lot of concern over the declining value of the rupee. Simple economics suggests that demand for the rupee has to be enhanced to stall its decline in value in terms of the US dollars in particular.
This, however, cannot be created in a vacuum. India needs to produce quality goods and services (and that too in abundant quantities) and pull out all the stops to create demand for them in the domestic market as well as in the foreign market.
S. Ramakrishnasayee, Ranipet
This refers to “The land question” (Businessline, May 19, 2012). Lack of proper, transparent regulations for takeover of farmers' lands for establishment of industries is a major setback. This has resulted in a dip in industrial production. Municipalities and panchayats should adhere to proper regulations on the vacant land available in their jurisdiction. Private industries should make direct compensation to farmers and the registration process should be hassle-free.
Urban bank branches
This is apropos a warning from the government to public sector banks that urban branches not generating profits for a year may be closed. It makes sense for the Finance Ministry to advise the PSU banks to relocate, scale down the staff or even close down unviable urban branches. But, at the same time there is a need to address the issue from a wider perspective, instead of treating a particular branch in isolation. Many urban centres are over-banked. The uneven spread of branches should be sorted out.