Letters

We need dialogue

| Updated on March 20, 2018 Published on March 20, 2018

 

This refers to ‘The WTO must unite on core issues’ by Ajay Srivastava (March 20). While nations were ready to revisit monetary and fiscal policies after the 2008 downturn, they are diffident about addressing aberrations in policies pertaining to international trade. While nations gladly tap into the advantages provided by globalisation, they are reluctant to share insights regarding problems.

The spectrum of trade components and attendant trans-national intricacies are constantly changing with shifting epicentres of growth and the invasion of new technologies that sharply alter the volume and direction of trade flows. But the axiom that decreased global trade undermines global growth endures through time. We fail to see that in times of crisis, larger trade imbalances profoundly influence prospects of global growth. Sadly, every trade forum sees deterrence and not dialogue as an operative part of trade. Individual ‘victories’ cloud the larger perception of healthy universal trade, undermining all.

R Narayanan

Navi Mumbai

 

Legal knowledge

The editorial, ‘Legal barrier’ (March 20), advocates the development of the legal services market in the country. Irrespective whether all countries have similar laws or not, Indian courts believe that law is the law of equality which was imbibed from English laws. With the advent of growing international trade disputes, the decision of the apex court in upholding the legal services of foreign lawyers on a fly-in fly-out basis is laudable.

At the same time the knowledge base of the Indian legal fraternity requires to be improved to create a level playing field in dealing with foreign entities, especially in matters of arbitration.

Sitaram Popuri

Bengaluru

The apex court’s stand against foreign law firms establishing offices in the country is more to do with laws than protectionism. This may be bad news for those that have business interests in India. It has implications for citizenship, residential status, and a host of other issues. Since every nation has domestic laws to abide by, there’s nothing wrong in India taking steps to bar foreign law firms from doing business on its soil.

R Prabhu Raj

Bengaluru

Strange timing

The timing of disclosing the letter sent by the BBB to the finance minister raises many questions. The BBB was floated not only as an appointment body but as an expert mechanism to streamline the functioning of PSBs. The BBB should have sniffed out the scams and blown the whistle well in time. Having failed to do this, it is not fair on its part to now make public a recommendation sent to the minidter eight months earlier. It seems like an attempt to shift the blame on to the finance minister.

S Veeraraghavan

Madurai

Future imperfect

The recent by-poll losses should not be treated as a referendum on the BJP government. Nevertheless, the coming together of regional parties may pose a serious threat to the BJP in 2019. However the path ahead will not be smooth.

Firstly, there will be fighting among the leaders of the third front on the question of who will be Prime Minister. Secondly, time and energy will be spent resolving the fight regarding allocation of portfolios, apart from the constant threat of withdrawal of support to the Government. Thirdly, whimsical leaders like Mamta Banerjee and Mayawati will constantly threaten their coalition partners if their wishes are not fulfilled. Finally, a Prime Minister who is at the mercy of the allies will not be able to deliver a strong leadership. Hence a third front will not serve the purpose .

Veena Shenoy

Thane, Maharashtra

Yogi Adityanath needs to keep in mind that India is a secular country. The UP defeat signals to him Aditynath to be more serious about governing the State and redressing people’s problems. However, Rahul Gandhi has nothing to be ecstatic about.

Jayant Mukherjee

Kolkata

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.

Published on March 20, 2018

A letter from the Editor


Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.