This refers to ‘Who killed Indian exports?’ by Lokeshwarri SK (April 22). When Europe is not in a good shape and the Chinese economy has also slowed down significantly and our being mainly import-based economy unlike export based like China, today’s growth does not reflect the true picture.

Bal Govind

Noida

While the declining dollar value may be one of the reasons for the reduction in exports, it cannot be the major reason. Depreciating the rupee artificially is not a correct proposition as it may affect other areas such as the industries depending on imports and foreign travellers and students. Any export will increase forex inflow and automatically reduce the value of forex-based on supply factor. On the other hand reduction in export will decrease forex inflow and automatically increase the value of forex and hence these should be allowed to find their own value.

S Kalyanasundaram

Email

No more tears

This refers to the report about falling onion prices (April 18). This reminded me of the BusinessLine editorial ‘Why onions make us cry’ (August 26, 2015), which discussed sky-rocketing onion prices in July-August that year. Reports say dalals at local mandis at Devas and Mandsaur (MP) offer only 50 paisa per kilo of onion to farmers and the farmers has to make distress sale. If States and the Centre are sincere towards the woes of the farmers, they should immediately have some rescue plan for them.

Trupti Goyal

Jodhpur

Wise ruling

The Uttarakhand High Court’s decision to set aside the President’s Rule imposed on the State and reinstate the Harish Rawat regime is unprecedented.

The historic verdict has not only made the imposition of President’s rule in Uttarakhand look absurd but has also turned the tables on the Centre. The High Court has also done well to question the wisdom of the Centre in uprooting a democratically elected government.

NJ Ravi Chander

Bengaluru

Inherited jewel

We celebrate world Earth Day on 22 April to support environmental protection. On the one end constant research and innovation makes it possible to produce various new products, but we are lagging behind in finding out ways to make environmentally friendly products as we see the amount of waste generated by various products is increasing day by day.

It is time we realised that the Earth is like inherited family jewel and we have no right to sell or exhaust this and leave an empty shelf for our future generations.

TS Karthik

Chennai

The Bard of Avon

The world today commemorates William Shakespeare’s 452nd anniversary of birth and 400th anniversary of death. The finding that he is more popular in India than in UK has come as a pleasant surprise. Since he is immensely popular all over the world, where he is relatively more popular is only a matter of academic interest.

The Bard of Avon is universally acknowledged as the supreme deity of not just poetry and drama, but of high brow culture itself. With his unsurpassed gift for poetic invention, he holds the first place unchallenged among all writers in the annals of the world’s literary history. As a poet and a playwright, Shakespeare is “not of an age, but for all time”.

G David Milton

Maruthancode, Kanyakumari

Banking on them

At last, a compensation has come from the Reserve Bank to public sector banks for the huge losses they have been incurring due to provisions for ever increasing bad loans.

This is through the instructions from the central bank to reclassify the some of the big ticket loan accounts especially those facing delay in the date of commencement of commercial operations (DCCO), thereby reducing the percentage of provisions to 0.40 from 15. Simply because of the DCCO delays banks can not be found fault with their credit appraisal.

TSN Rao

Bhimavaram, AP

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.

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