Letters. Disruptive US

This refers to ‘Sustaining the global economic revival’ by BK Bhoi (March 14). Deep concerns remain about the Fed spiking rates and the US administration handling the CAD. The upping of tariffs on range of products imported to the US has dampened the mood. The Trump administration says is wants to contain the CAD. If that is so why has the Fed spiked10-year yield bond?The US should support the revival not disrupt it.

In India, the RBI should shoulder the blame for all that’s happening in the banking system, both on the demand and supply sides, and end the mudslinging.

Mumbai

The RBI halting the issue of LoUs is a knee-jerk reaction. We Indians learn only after having been burnt. Instead of being proactive, the RBI has again proved to be reactive; its decision is certainly an afterthought. This decision will have far-reaching consequences and impact genuine importers.

The RBI should ask banks to connect their systems to SWIFT and do a meticulous credit appraisal on a case-by-case basis, and ensure that genuine businessmen are not affected. It should prescribe a checklist of sanction, appraisal and reporting, and impose an accountability clause. Collateral securities, personal guarantees and reasonable margins must be taken to secure the position of banks.

Chennai

The killing of 9 CRPF men by Maoists in Sukma days after the under-reported killing of 10 Maoists on the Telangana-Chhattisgarh border is sad. We cannot be selective in our condemnation of violence. The issue is too complex to be viewed as a mere law and order problem; we have to take into account the socio-economic conditions prevailing in what is called the Red Corridor. Unfortunately, poor Adivasis sometimes become collateral damage.

The deployment of more forces cannot break the cycle of attacks and counter-attacks, but unconditional dialogue between the Government and the Maoists on how best the welfare of the poor in the country’s neglected regions can be taken care of, can. Instead of seeking to eliminate Maoists, the state should tackle the root causes that give birth to them.

Maruthancode, Tamil Nadu

The gruelling six-day protest march from Nasik to Mumbai by thousands of farmers in a disciplined way should be a role model for future protests. The point to note is that the march was stopped 2 km from the Maharashtra Assembly to allow the government officials to negotiate with the protestors; thus, the march did not disrupt normal life.

Interestingly, the farmers stressed upon MSP for their produce rather than waiver of their loans. Farmers get a raw deal in mandis. It is estimated that farmers have made a total loss of ₹32,702 crore in the 2017-18 kharif season. If their demands are met, the question of loan waiver does not arise.

Bheemavaram, Andhra Pradesh

The CAG has reported that from 2014-2015 to 2016-2017, 16 accidents or derailments have taken place thanks to inadequacy of staff and poor track maintenance. When it comes to the matter of recruitmentto fill up vacant posts, the Government is worried about expenditure; it gets niggardly about paying salaries.

You cannot save money by not recruiting staff and rendering satisfactory service to the travelling public. In addition to this, only the negligible percentage of the staff works in a dedicated manner. It’s the same problem with the judiciary. There are just not enough judges in the various courts. Consequently, the available members of the staff are given additional charge; sometimes covering many posts. The stress results in inferior quality of service. As for the level of auditing services, the less said the better. Governments should be serious about filling up vacancies and employ ‘working’ hands to improve the performance of government departments.

Hassan, Karnataka

COMMENT NOW