Though school enrolment numbers have increased in the recent past, output has not been in sync with the growth (‘Learning in schools’ Business Line, January 18). Both basic and professional education have been found wanting in our country. We are a young country with lot of potential and it will turn into results only if we plug these holes.

Bal Govind

Noida

Rejig pricing

I agree with the views expressed by the SEBI chairman that there is a need to revise the existing process of vetting offer documents (‘Leave IPO pricing alone’, Business Line, January 17).

The current system of IPO pricing is lopsided, unduly favouring promoters. Many a time, when new issues hit the market, we find that the PE ratio of such companies is much higher than their peers in the market. Obviously, many investors avoid such issues. But, unfortunately, the same investors try to grab a pie of such an issue during a bullish market, thanks to herd mentality, forgetting to apply logic. In the process, the promoters laugh all the way to the bank. We need a mechanism where IPO pricing is slightly attractive as compared to the market price of similar companies trading in the exchanges.

B. N. Bharath

Hubli

Wrong country

The article ‘The Indian Foreign Disservice’ ( Business Line , January 18) presents the feelings of most Indians living in other countries about the services they are denied from Indian missions, be it in the US, Europe or the Gulf. A professional living in the US for over three decades felt that when he called the Indian embassy, the treatment forced him to think that he had called the embassy of Pakistan!

N. T. Nair

Thiruvananthapuram

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