The new chief minister of Tamil Nadu faces a host of pending issues. The agrarian crisis has been put on the back-burner for one reason or the other. We should also consider how the events of the last few months affect the investment climate. Unless concerted measures are taken to create confidence Tamil Nadu is an investor-friendly State, expectations of investment are likely to be belied. With Andhra Pradesh and Telangana eagerly pursuing investment opportunities, and Karnataka having established a clear lead in IT, Tamilnadu needs to make a monumental effort to catch up. .

V Subramanian

Dombivli East, Maharashtra

Shoddy job

In its verdict on the disproportionate assets case against Jayalalithaa, Sasikala and others, the Supreme Court remained silent about the shoddy and manipulative work done by the High Court. The HC made a gross error in its calculations, perhaps to deliberately prune the quantum of disproportionate assets. This is a bad precedent to set.

The apex court should have pulled up the HC so that no one dares to do such a thing while awarding judgments in future. Because of this, a major politician escaped indictment.

Vazhuthur Raghavan

Bengaluru

Mind the image

This refers to ‘Not above board’ by Prince Mathews Thomas (From the Viewsroom, February 17). Since this is an internal matter, holding in-house discussions would be better. Fighting it out in the open only sullies the good image of Infosys. It is imperative to protect the interests of its staff and the share-holders by calling for a ceasefire.

HP Murali

Bengaluru

Bad loans, best banks

With reference to ‘A bad, good idea’ (February 17), let’s not forget that the Industrial Reconstruction Corporation Ltd (later known as Industrial Reconstruction Bank) was established in 1971 for dealing with bad loans and it failed miserably. Reconstruction and rehabilitation would require a bank with vast resources and manned by highly seasoned project appraisers and supervisors, management experts and financial wizards. Those with the ability and the connections at different government levels and in industry could study the malady in each sick unit and take restructuring action on all fronts. They require access to vast resources. In nutshell, bad loans should be handled by the best of resourceful executives with access to sufficient resource pools. Bad loans and bad banks do not go hand-in-hand.

KU Mada

Email

Sunny future

This is with reference to the edit, ‘Solar sunrise’ (February 17). The cost of conventional is power is rising due to rising costs of fossil fuels. Coal-fired plants are increasingly coming under stringent pollution laws. The solar power industry in the US generated twice as much power than it did a year ago. Big ticket retail stores in the US are covering their roofs with solar panels.

Walmart and Costco have installed more solar panel capacity than the entire state of Florida! . The panels on Walmart’s roofs are owned and operated by third-party solar companies. IKEA owns its panels to take advantage of federal subsidies and investment credit grants for investing in renewable energy.

R Narayanan

Ghaziabad, Uttar Pradesh

Wake up! Breathe!

A recent report pointing to a growing level of inhalable pollutant called Fine Particulate Matter with a diameter of 2.5 of micrometres or less in several parts of the country should serve as a wake-up call.Burning crop residues and growing numbers of diesel-powered vehicles are largely responsible for the deterioration in air quality. Measures such as encouraging farmers to adopt scientific techniques to convert agriculture residues into eco-friendly products such as bio-gas, bio-fuels, compost and enriched fodder, and a sustained awareness campaign about the steps to mitigate air pollution brooks no delay.

M Jeyaram

Sholavandan, Tamil Nadu

LETTERS TO THE EDITOR

Send your letters by email to bleditor@thehindu.co.in or by post to ‘Letters to the Editor’, The Hindu Business Line, Kasturi Buildings, 859-860, Anna Salai, Chennai 600002.

Related Topics
comment COMMENT NOW