The Finance Minister queried as to why it should take five years to complete a stretch of 1000 km highway. This is a relevant question and needs to be addressed in the light of the advancements around us.

China has overtaken US in its highway network. It has laid a rail line over the highest terrain on the planet. With the measly annual allocation of funds for new rail lines, it would take years to complete projects. We are not using our waterways effectively. We should accelerate our projects in transport in the next five years.

S Subramanyan,

Navi Mumbai

RBI appointments

The Reserve Bank is one statutory body in the country which has been able to withstand succession issues for more than seven decades, thanks to the maturity shown by those in charge of governance in New Delhi. Recent developments bring to the fore the need to recall this and give an assurance that the whims and fancies of individuals will not change this image.

In 2011, the timely decision by the Centre to give a two-year extension to RBI Governor D. Subbarao stood apart as a decisive vote for stability at the central bank. A change of guard would have resulted in slowing down of the processes of change in areas such as fighting inflation and forex reserves management.

It would be appropriate now to extend the tenure of Subbarao by another year.

M.G. Warrier

Thiruvananthapuram

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