SEBI is making commendable progress in the area of investor protection. If the AMCs of MFs annually publish their profit and loss account and balance sheet, it will help investors understand howthe management costs are debited to their funds are being utilised. MFs should include in the statements information on the IRR of each tranche of investment made by the investor concerned. Many websites provide generic information of IRR of schemes of MFs, but the return based on the timing of a specific investment may differ.

Kidambi R Athreya

Bengaluru

High standards please

This is with reference to ‘India as the world’s skilled labour hub’ by Preeti Mehra (June 2). The training organisation for the development of youth should take serious steps to cultivate real knowledge on soft skills through various schemes of international standards.

S Muthulakshmi

Virudhunagar, Tamil Nadu

Sad to see Rajan go

With reference to the report ‘Is Rajan packing his bags?’ (June 2), it’s ironical that while the BJP led by Subramaniam Swamy has been making venomous personal attacks on the RBI governor, the PM is trying to apply ‘balm’ on his wounds. What a shame! It’s clear this government needs a yes man as governor. No self-respecting person will succumb to this.

Vinayak G

Bengaluru

The possibility that Rajan will reject the offer of a second term is disappointing. He brought double digit inflation to single digit, raised the repo rate twice and fought with bank chiefs to reduce interest rates. He improved the massive outflow of foreign funds, took pains to clean balance sheets and introduce transparency, and more. We need him to continue reforms in the banking sector.

TSN Rao

Bhimavaram, Andhra Pradesh

Many of us hope Rajan will continue to steer the Indian economy to stability and a robust banking system.

Pavana H P

Bengaluru

B-school blues

With reference to ‘Do B-schools produce principled leaders?’ by Raghavan Parthasarthy (June 2), most students directly go to mid-level management without ground experience. They tend to implement American systems which fail because of cultural and working incompatabilities.

Vedula Krishna

Hyderabad

Businesses play an equally important role in shaping the management culture that influences the decisions and priorities of its leaders. Leadership cannot be taught in the academic setting. Principles and frameworks have to be tested in a corporate setting where competition and ambition play out on hard turf .

Anand Srinivasan

Bengaluru

The foundations of ethical behaviour are laid through school education, family values and social environment. In a society where dishonest people are rewarded in politics, and business, integrity is problematic. Though B-schools emphasise value-based leadership, is it enough? Much depends on the work culture of the organisation where a fresh MBA graduate begins his or her career.

YG Chouksey

Pune

Move on

Your edit, ‘So far, so good’ (June 2) raises moot questions based on Q4 results. The revised disclosure policy for NPAs must be looked at positively way since it reflects a fair view of banks’ bottom line.

Banks need to be cautious before lending to these sectors such as infrastructure, textiles and steel.

Special efforts need to be made by the Government to provide stimulus to manufacturing sectors catering to the domestic market. We can no longer sit on Q4 laurels and pat ourselves.

Ashok Jayaram

Bengaluru

Erratum

The photograph carried with the report, ‘JSW Group sees opportunity in a sectoral crisis’ (May 31), was not that of Seshagiri Rao, Joint Managing Director of JSW Steel and Group CFO. The error is regretted.

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