This refers to ‘MPC must attend to liquidity surplus’ by Bharendra Kumar Bhoi (September 22). Among various known and little known consequences of demonetisation, liquidity surplus is one. This was because of the immobility of cash due to restrictions and non-availability of currencies. This has also influenced consumption rate and price levels. It would be hasty to conclude that excess liquidity has unwelcome consequences.
The festival seasons could result in huge consumption levels. Restricted cash availability is bound to create conditions of inflationary trends.
It should be noted that the Government is already on the job of improving the economy and liquidity is a factor which would help achieve the objective.
TR Anandan
Coimbatore
Sad reflection
The tremendous increase in the number of suicides by farmers, the backbone of the rural economy, is distressing. It’s a sad indicator of the consequences of rural poverty. Doesn’t this reflect inadequacy in the evaluation of their root cause and the non-liberal policy of government ? Farmers get practically nothing for their produce whereas consumers pay through their noses.
Whatever the reasons for the suicides, the problem should be tackled seriously on the basis of a comprehensive examination of the causative factors, and the context. Agriculture is a high-risk businessand crop failure is very common because so much depends upon nature. We need to organise farmers into viable groups on a voluntary basis in each village, and give them the best support and technologies to produce profitably. Most farmers commit suicide not because of debt but because of input costs being increased; most of the them do not have money to invest.
Vinod C Dixit
Ahmedabad
Careless guards
It is unfortunate that the folly of the gatekeepers at Bannerghatta Biological Park cost the life of a young white tiger, Shreyas. The fact that the two white tigers had sneaked past the safari gates separating the Royal Bengal and white tiger enclosures and got into a scuffle only shows that the gatekeepers had let their guard down. The white tigers are undoubtedly a star attraction at the park and with Shreyas’s death, the white tiger count in BBP has been reduced to five. BBP authorities would do well to make the erring gatekeepers accountable.
NJ Ravi Chander
Bengaluru
Sorry Kamal!
After openly declaring that he desires to become chief minister of Tamilnadu, it is really amusing that Kamal Haasan also says he is not hungry for power! One wonders what good he has done for the people of TN or the sacrifices he has made for them to immediately crown him CM. The people of Tamilnadu are looking for an alternative stable government. The name of the party they are going to vote to power is already writ large on the wall. Sorry Kamal!
Yvonne Fernando
Chennai
Disappointing
That the Pradhan Mantri Kausal Vikas Yojana (PMKVY) aimed at imparting skills training to the youth and placing them in jobs has not produced any desired results on the ground is highly disappointing. Not even a tenth of 30.67 lakh youth who received or are undergoing training got placement offers under the scheme. Job creation has its roots in a vibrant economy with investment and consumption fuelling demand for both skilled and unskilled labour. It is time the Government focussed on improving standards in schools, colleges, polytechnics and industrial training institutes.
M Jeyaram
Sholavandan, Tamilnadu
Great response
‘Why high petrol prices hurt’ by Tina Edwin (From the Viewsroom, September 22) is a fabulous rejoinder to Alphons Kannanthanam’s claim that owners of cars and two-wheelers can pay for petrol. Inadequate public transport, poor infrastructure and lack of civic amenities force people to use private transport. Two-wheelers are a conventional necessity.
B Rajasekaran
Bengaluru
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