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The article “The hidden worm in inflation” ( Business Line , April 11), has clearly highlighted the need for better ‘supply chain management' and storage which is absent in the Indian retail space.
The Government believes that this problem can be solved by opening up the retail sector to foreign direct investment. Of late, any loss-making sector is considered for FDI.
Rather, the need for better supply chain management can be propagated through the media. A government board, to provide consulting and solutions for small and medium retailers, can be instituted.
The board can conduct courses on ways to improve quality. Retailers can be given loans at low interest rates to improve storage facilities and prizes can be awarded for those who implement best practices. Creating an awareness that best practices can lead to improved profits can motivate retailers to approach the board. Such measures will check inflation and obviate the need for FDI.
Srinivaas G
Rise in NPAs
With reference to “Branches of PSU banks making losses to be shut” ( Business Line , April 10), many branches of public sector banks are making losses and are proposed to be closed.
Loan melas by banks don't seem to have the desired effect. Losses only affect the depositors of banks by way of reduced rates of interest. Defaulters can be minimised only when repaying capacity of borrowers are rigidly assessed by the bank managers before sanction of loans.
B. S. Ganesh
Bangalore
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