This refers to “RBI’s ineffective communication” ( Business Line , October 23). Unfortunately, the author has relied on the experience of the US and its Federal Reserve to build his case on the performance of India’s central bank on communication.
India cannot be compared with the US at this stage. The two countries differ in historical background, governance, population, literacy; their measures even for estimating hunger vary.
The same applies to the central banks too. The Fed and the RBI are not comparable. One is not aware whether there are restrictions on the number of speeches by Fed officials. North Block may not be aware either. If they come to know, RBI officials may have to talk less in public. It is true that the frequency of policy reviews by the RBI needs to be reduced, as it takes some time for follow-up measures to have an effect.
M.G. Warrier
Mumbai
Underestimating Kejriwal
“Can Kejriwal deliver the goods?” ( Business Line , October 16) was unusually disappointing.
The article rightly lauds Malala’s courage but underestimates Kejriwal’s courage.
Saying that “you don’t like his swagger, arrogance and contempt for another point of view” underlines the bias towards the corrupt system. All political parties are hand-in-glove when it comes to corruption.
Therefore, to eradicate or even hit at the roots of corruption, a new force is needed, and Kejriwal’s team has to be supported by all citizens.
The manner in which the Lokpal Bill was thwarted, despite both Houses of Parliament passing a resolution in its favour, and the way Kejriwal is being treated by politicians, is all the more reason why he has to be blunt to succeed.
J.K. Bubna
Kolkata
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