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This is with reference to the article, ‘Stage set for lowering policy rates’ ( Business Line , January 24). The author, referring to steps taken by the government in the recent past, has tried to project that the Government has now initiated measures for growth -- and that the ball is now in the RBI's court.
The reform measures must be effectively implemented for revival of growth. Otherwise, it would be a case of ‘implementation stasis’ instead of policy stasis.
The recent decision on increase in diesel prices will harden the prices of all essential commodities. In this situation, is it feasible for the monetary authorities to lower the policy rates?
Nisha Narayanan
Dombivili
Merger benefits
This refers to the report "Bank officers union opposes move to merge nationalised banks" ( Business Line , January 24).
All nationalised banks work on the same pattern. And merger could bring cost reduction and funds for investment in big projects.
However, the government should have discussions with officers, look into their problems and take them along.
The merger of Air India and Indian Airlines is a pointer.
The experience of Life Insurance Corporation of India on mergers should be taken into consideration.
Jacob Sahayam,
Thiruvananthapuram
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